As day traders, it's important to realize that the outcome of a single trade or even a single day doesn't really matter. We work off probabilities and our tested edge, so what's truly important is the outcome a larger sample of trades over time.
If our expectancy is good due to a decent win rate combined with a high risk to reward ratio, we will be able to achieve excellent profitability.
As I was recording some of the Weekly Reviews for students in the STA Training Program this weekend it got me thinking that I should put together a new post using some prior weeks that really drives home the importance of keeping a longer term focus. Read more
