You Can’t Win Them All…
Many
people are under the impression that a
professional trader is successful on 80%-90% or more of their trades. While I
wish that were the case, nothing could be farther from the truth.
09:47:39
Intraday Setup Alert
Maxim Integrated Products (MXIM)
is forming a potential Haggerty Trap Door at the 1.28 lower volatility band.
MXIM is down 1.20 at 29.18.
In the early Trap Door
and 1-2-3 Kevin Haggerty patterns in
Maxim Integrated Products
(
MXIM |
Quote |
Chart |
News |
PowerRating), the first one does not trigger, and
the second give you only a small gain, if anything, before stopping you out.
However, on these types of trades, the risk is small. The trick is not to be
correct 80% or more of the time, but to keep the risk-to-reward ratio in your
favor, so that the winners make more in profit than the losers make your account
drop.
Until tomorrow,