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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (1777)	1/12/2005 8:34:19 PM
From: chowder	Read Replies (1) \| Respond to of 13449

>>> You can't make money in your portfolio unless you have more winners than losers. <<< No, this isn't true. You can have more losing trades than winning trades and still be profitable. I proved that in December. That's what got Profile to looking at the results a little closer I think. My winners had a much higher percentage of gain than my losers had a percentage of loss. Take a look, I had more losing trades than winning trades but my winners did a better job of winning than my losers did at losing. >>> DECEMBER 04 TOTALS: 12 Winners 19 Losers Average gain per trade: 6.9% Average loss per trade: 2.4% Total profit/loss ... Up $3570 Percentage profit/loss ... Up 1.8% <<< Message 20912410 When I started to study what worked on Wall Street, I found that most successful traders had more trades that ended up with a loss than trades that ended up with a gain. Their gains far outpaced their losses so, they could be right only 25% of the time and still show a profit. The key was in minimizing losses and letting profits have a chance to grow. dabum