FALSE Trading Expectations #3... Win Rate (continued)

I lose a lot of the time. A large amount of my trades are stopped-out for a loss. This does not make me a bad trader, it actually makes me a real trader! Most profitable traders are right only 40%-65% of the time.

A lot of traders understand that there will be losing trades. What they don't understand is that there will be consecutive losing trades. Even a strategy that has a win rate of 65%, could have 10 consecutive losing trades, maybe even more! This does not make the strategy unprofitable or not worth using.

Conclusion... Expect a lower win rate. A win rate of around 50% is ideal. Expect to have consecutive losing trades. Also expect to have consecutive winning trades.
Beyond Technical Analysisdrawdownemotionswinrate

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