Quote:
Originally Posted by ThePhoenix
Yes, of course, but that is not the only set up you would ever trade.
The, "only A+ setups," type of traders would wait for that AND ONLY that set up. They would end up missing out on a lot of winning trades that were not A+ but had a high probability in their favor. As a result, they would rarely trade and rarely make money.
See what I'm saying?
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Yep! I see what you mean.
I do agree you would rarely make money, but it's not how often you make the money, it's how much you make. If you traded one scalp per month at 2% risk and won 70% of the time you could still make about 10% per year.
That's a low number in the forex world but still a good return on an investment. Really good considering it only takes a few minutes per month to do!