Cutting to the chase, here's today's trade results:
Here are those results reduced to their fundamental stats: time in trade (seconds) and P/L (dollars):
I only had 40% winners out of 10 trades. But the durations and the dollars are all stacked in favor of my winners. Look at the Ratio columns for both seconds and dollars. Those columns are simply the winner stat divided by the loser stat. Very important to note that everything but count is roughly twice as large for the winners as the losers. So I spend more time in winning trades, and I make more money in winning trades. Approximately 2.5x as much. This is the key.
How important is that? Let's take a look at the situation numerically. This spreadsheet is a generic analysis of winning percentage versus the ratio of winners to losers in dollars.
The results above were achieved with Trade Unafraid. Left to my own devices, I cannot be counted on to take those kinds of quick, small losses. To be perfectly honest, I suspect I am worse at it than most traders. I would tend to wait for the trade to turn around and go my way, just letting my losses grow. I didn't even trade the greatest setups today. But I can live with the results. Click here to learn more.