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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (4329)9/18/1998 3:32:00 PM
From: Clay M  Read Replies (2) of 44573
 
Hi Scott, In regard to what you were saying about trading objectives;
last Fall I went to a seminar given by a professional trader, that wrote one of the software packages I use, and he said to be a consistently successful trader, you need to be right 60% of the time and have your winners 1.6 times your losers. There are of course other ways to do it, but in his experience these are pretty good figures and he's been at it a long time. If you can occasionally bag a 10-20 point winner it sure help the stats.
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