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405: Consistently Profitable Mindset & Trading Techniques - Adam Grimes

Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

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The Importance of a Null Probability in Trading

If you were to close your eyes and just hit the button and buy or short a market with a one to one profit target, no edge whatsoever. That system has no edge. You have no edge. Your win ratio is going to be 50%. And if you had a profit target, it was twice as big as your risk. People don't realize that simply setting that ratio affects your probabilities. They think you have your probability, and then you have your risk ratio. These things are intertwined and completely inseparable.

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