Day Trader Lost a Million Dollars and Recovered
B The Trader
I've Got a High Win Rate, but I Don't Want to Lose
With a high win rate, you just don't lose that often. So when you do have small losses, you try not to take them because you think that you deserve to win on everything. And then those little losses just compound into really, really, really large losses. Having a max loss on a trade certainly is a great way to do it. It is more difficult to do that in a mean reversion trading Because more something moves against it, the bigger the divergence,. The sexier the reward is in the trade.
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