Even if you are wrong 60% time, you can still win at trading

A seasoned trader knows that the market is under no obligation to follow their command and the technical analysis they do does not guarantee that the trade will go in their favor. But the trader also knows that with proper risk management discipline, any trade setup can win even if the setup works 40% of the time.  Risk Management is the most important discipline every professional trader needs to practice, Its simple to understand but needs a lot of discipline and patience to master

See the below example,  

#stockmarket #technicalanalysis #riskmanagement

A) The trades enter into 10 trades, each with a target profit of 100% and a stop loss of 50%; for example, when the trader enters a trade with 100$, he will either exit when the price reaches 50$ (SL)or 200$ (Target)
B) With this risk management strategy even if you are right 40 % time you will still make money
C) This is how seasoned traders sleep well at night and live their lives away from screen, always remember intelligence without discipline is a waste of human potential.