Why a 90% Winning System is a Bad Idea

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#521: Why a 90% Winning System is a Bad Idea

In this video:
00:26 – Traders get excited over win rates 
01:32 – Small gains and big losses
02:47 – My way of trading
03:34 – Closed trades from this week   
04:44 – Book a call with myself and my team
05:01 – Blueberry Markets

I’m going to explain why a 90% winning rate trading system is not a good idea. Let’s talk about that and more right now.

Hey there, Forex traders! Andrew Mitchem here at the Forex Trading Coach. With video and podcast number 521.

Traders get excited over win rates 

Now I want to talk about win rates. You see so many people get very excited with win rates and they tend to put almost like too much emphasis on a win rate of a system and the strategy and especially a lot of inexperienced people, they see something that’s got, let’s say, like a 90% win rate and they think has to be the answer to their successes and it has to be a fantastic trading system.

I can tell you that is not the case. Now, a little while ago, I was talking to someone who had a 90% winning system and he was losing quite a lot of money. And as a new trader, you might question like, how is that possible? And as a more experienced trader and a profitable trader, I can tell you the win rate really doesn’t matter quite as much as you may think.

Yes, it’s important, but it is certainly not the most important aspect and the most experienced and most profitable Traders have win rates that are drastically lower than and sometimes pretty quite a lot lower than what you might actually think. Yet,