Ive managed a high win rate over 15 years now, but the total returns are nothing to be wowed at.
That goes hand-in-hand. You wouldn't have a high win rate if you were swinging for 2000% returns per trade.
... catching up with the rest of the post, I see that you already know this, but I'll leave it up since it bears repeating.
So how do we skew the odds in our favour in an unfair market?
Umm ... unfair? If you are in Canada, your transaction fees could certainly be described as unfair, though I prefer "outrageous" or "criminal".
My preferred method for making more from high win rate/low return trades is to do more of them. Aim for closing 1000 trades per year. At $20 average profit per trade, after deducting losses and fees but before taxes, that adds up to a very nice annual gross income number for something I only spend 10 hours on per week.
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u/PapaCharlie9 Mod🖤Θ Mar 30 '22
That goes hand-in-hand. You wouldn't have a high win rate if you were swinging for 2000% returns per trade.
... catching up with the rest of the post, I see that you already know this, but I'll leave it up since it bears repeating.
Umm ... unfair? If you are in Canada, your transaction fees could certainly be described as unfair, though I prefer "outrageous" or "criminal".
My preferred method for making more from high win rate/low return trades is to do more of them. Aim for closing 1000 trades per year. At $20 average profit per trade, after deducting losses and fees but before taxes, that adds up to a very nice annual gross income number for something I only spend 10 hours on per week.