Tip TV Education: Win rate vs. Profitability - Part 2
Jan 26, 2017, 02:14 PM
In the second half of today’s Tip TV Education segment, James Booth, an Independent Trader and Charlie Burton, Founder of EzeeTrader shift their focus to a question that is faced by every trader in the early part of his career.
Often we hear, “Trading tip services” and “analysts” claim a 70:30 or 80:20 win rate. Rarely anybody talks about the amount of money that was made on the initial grubstake.
Booth and Burton establish that for a trader, it is the profitability that matters, rather than the hit/win ratio.