Mathematics vs Ego

It doesn't matter how many times you are right, it matters how much you win when you are right and how much you lose when you are wrong.

A risk-reward ratio of 1 to 3 allows you to lose half of your trades and still finish the month in the green.

The novice trader wants to be right all the time; the professional just wants the math to work in their favor.

Leave the ego at the door and focus on positive expected value.

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