Posts Tagged ‘Comments from futures traders’
Over-reliance on accuracy in trading can be dangerous!
Accuracy would seem to be a good thing.
In many professions, it is the most important thing.
(see picture at left)
However, in trading, over-reliance on accuracy can actually be destructive.
A new mentoring trader started with me last week and he showed me a strategy he had learned that generated 80% winning trades.
80% winning trades – that seems too good to be true.
Could there be a catch?
As we discussed the strategy in greater detail, he showed me the setups which seemed very reasonable – in fact the setups were quite clever.
But, then, he told me about the Read the rest of this entry »