I've covered quite a few topics throughout 2014, but I believe the most important by far has been my attempt to have people looking for success over a series of trades, rather than on any individual trade.
Not every trade idea works!
But that's ok and that's normal. Keep the losses contained. And work to ensure those that do win are larger (on average) than those that lose.
Your aim is to have more focus on the Win/Loss Size Ratio (WLSR) and less on the Win Percentage (Win%).
Your aim is to focus on profits over a series of trades with less concern for results on individual trades (win or lose).
Every week I get emails asking why a particular trade failed. These people are (in most cases) focusing on the wrong aspect of their trading business.
They need to focus more on Win/Loss Size Ratio and less on Win Percentage.
They need to learn to profit over a series of trades, not an any one individual trade.
For more on this topic see:
And in fact every other article listed with the tag "Trade Series":
Excellent article; keep enlightening us
Thanks Sathish! 🙂