Success is a formula, not a fantasy.
There's just no way that we're going to be able to win all of our trades — no matter how hard we try, it's simply not going to happen.
So how do you gauge how good or bad you are at trading? Obviously, if you're making money you're doing well, and if you're losing it then you're... not doing so well.
But how do you gauge that? Misjudging success is a huge mistake that I see new traders make all the time.
If we know that we're always going to have a losing trade every once in a while along with the winners, then the next step is finding the metric behind it.
The best way that I like to judge my success is by taking a look at my last 10 trades… |
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