I’ve got a question from Stanley who asked me, is it possible to win 25 trades in a row?
And my answer is this..
Yes, it’s possible to win 25 trades in a row. All you need to have is a really small take profit target, relative to the size of your stop loss.
You can have a 2 pips take profit target, with a 100 pips stop loss. You will easily win 25 trades in a row.
Alternatively, you can have a 100 pips take profit target, with a 5,000 pips stop loss, your winning rate will still be ridiculously high.
Market Trading Ideas for May 10-14Go to article >>
But the question is, can you be consistently profitable?
This is when you need to know what your average risk to reward ratio is, before knowing whether you have a positive expectancy in your trading system.
Back to the markets, this week I’ll be looking at USD/MXN, EUR/USD and NZD/JPY.
I will also share with you the difference between a swing trading and trend following.