I realised a long time ago in life that I don't need to always get the best deal. Yes, I try and get it and negotiate accordingly, but in the end I will settle for a deal that's GOOD ENOUGH. I have learned that if I consistently get a deal that is good enough, in the end I'll always be ahead.
I don't get the lowest price when I buy a car, but will certainly get rid of my unwanted trade in and have what I want. I'll buy my properties at well under market and replacement value in these types of markets, but I know that maybe I could have squeezed a bit more. But I did GOOD ENOUGH.
And so it is in trading. Yes, I have losing trades. Do I worry about it? No, because I do good enough. I KNOW I can't have a 100% win rate and the effort I would put into trying to achieve the impossible would wreck my trading. What I teach students is that 70% is good enough. If you can reach that, and most traders who do not have mentoring, don't, then you have achieved a great result.
Do all my students reach that goal? No, but a great majority do because they accept that there are 20% to 30% losing trades as the cost of doing business. They back test their strategy and see that the 70% winners make more money on a consistent basis than the 30% losers. And that's not only good enough but Bloody Good, mate!!!
A couple of DAX trades today to illustrate how trades can be filtered as part of a trading picture to improve win rate and profitability.
Is there a way you could post a trade stats screen shot in addition to your charts? This can be done in a way to filter/hide personal info of course. Just something to better understand what this system/method is producing on average.
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