In my last article, I pointed out that there were several elements that should go in to devising a successful trading system. But of the components one should focus on, there is one that is of the utmost importance when evaluating a trading system. Our number one benchmark for constructing a sound, valid system is Profit Factor. In our view it is more important than percentage of winning trades or even total net profits.
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At the Swing Trading College, nearly every method we teach you has a 10+ year Profit Factor of above 3. Some of the systems we will give you have Profit Factor readings of 10 or higher when applied to stocks. Good luck and good trading.
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