Do you can lose more trades than you win and still make money?
You can be profitable while losing more often than you win, if your average winner is far bigger than your average loser.
It means chasing a high hit rate might be working against the very thing that makes money.
From Best Loser Wins by Tom Hougaard. The check is yours.
Check it on your own record:
1. Find this figure: your win rate compared against your average win-to-average loss ratio across a full month or quarter.
2. Put it next to the rest of your trades.
3. Decide whether it is true of you.
The full lesson, free: https://creviacockpit.com/r/deck-book-6?s=square
Last image: a journal on our demo account, sample trades. Where the edge and the leaks show up once every trade is logged.
Be honest: is this you? Answer below.
Follow for a trading lesson from the books every week.
$BTC
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
You can be profitable while losing more often than you win, if your average winner is far bigger than your average loser.
It means chasing a high hit rate might be working against the very thing that makes money.
From Best Loser Wins by Tom Hougaard. The check is yours.
Check it on your own record:
1. Find this figure: your win rate compared against your average win-to-average loss ratio across a full month or quarter.
2. Put it next to the rest of your trades.
3. Decide whether it is true of you.
The full lesson, free: https://creviacockpit.com/r/deck-book-6?s=square
Last image: a journal on our demo account, sample trades. Where the edge and the leaks show up once every trade is logged.
Be honest: is this you? Answer below.
Follow for a trading lesson from the books every week.
$BTC
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
