Understanding Trading System Losses.
From Greg M
Lions…
No matter how good a trading system is, you will not win every trade- its an impossibility. YOU WILL SUFFER LOSING TRADES…
Understanding this, YOU MUST exit losing trades as soon as you realize the trade has gone against you.
If you utilize my new system below, and really study it, you should expect a 70% win rate. A 70% win rate means that 30% of your trades will fail- there is no escaping this, and that is why it is critical for you to exit losing positions ASAP.
I again STRONGLY RECOMMEND paper trading this system for several weeks, while keeping track of your progress…
Once you achieve a 70% success rate then, and ONLY THEN, should you engage in trading with real cash.
Much love,
GM
Question: For example I had a limit price order to buy to open at 1.00 but it gives a filled price at .95. Is this normal or is it beause i'm paper trading?
Thanks Greg