thanks Matt. This is an interesting example.
Assuming that i am setting up trades the night before, and
therefore ignoring all indicators except price, I would be looking
at an almost 10% max loss between entry and the first stop.
Assuming that my rate of winning trades is 60/40 I would have
to make a minimum of 6.5% on a successful breakout just to break
even over time. This serves to tell me that this ain’t easy!
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thanks Matt. This is an
Educational Example for workers, swing traders
Posted by z0ned on 24th of Jun 2020 at 11:06 am
thanks Matt. This is an interesting example. Assuming that i am setting up trades the night before, and therefore ignoring all indicators except price, I would be looking at an almost 10% max loss between entry and the first stop. Assuming that my rate of winning trades is 60/40 I would have to make a minimum of 6.5% on a successful breakout just to break even over time. This serves to tell me that this ain’t easy!