For average $100 risked on average trade, skillfull trader realize about $10,000.0 in income per year.
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Saturday, March 21, 2009
Minimum Profit Objective & 10% Rule
MPO=(100-(win Rate))/Win Rate
For average $100 risked on average trade, skillfull trader realize about $10,000.0 in income per year.
For average $100 risked on average trade, skillfull trader realize about $10,000.0 in income per year.
Trader Goal
Your job as a trader, is not to pick winning trades, but instead to pull profits out of the world's market, As is often the case in this perverse business, the biggest edges and most dramatic profitability come from th low accuracy/high risk to reward trading strategies. I strongly suggest you ignore the false idols of accuracy and win rates, and pull all of your time and focus during the strategy development process into larger risk to rewards ratios.
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