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Some days as traders, you’re not going to be very accurate in choosing winning trades. In fact, it might as well be one of those “coin flip” kind of days where you’re sitting around a 50% accuracy rate. This does not mean you’re a bad trader, it just means the market is a new creature each day and will offer varying opportunities (or false opportunities). When you have the right methods and strategies for day trading in place, these periods of time can be much easier to deal with. You would think that if someone is wrong 50% of the time, then they’re probably sitting right around breakeven on the day. Is this actually the case in the real world of day trading? Once again, I go back to the importance of a day trading strategy and in particular, the area of risk management. It’s okay to be wrong as a trader. It’s okay to be wrong 50% of the time. It’s not okay to fail to manage your risk and put yourself in positions of danger. Let me show you (using some of my personal day trading results) what I mean by all this. In this video I will show you a day where I was wrong 50% of the time, but did that mean I lost money? Let’s see…
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