"Most books on trading say that you only have to be right 3 or 4 times out of 10 if you cut your losses quickly and let your profits ride. That doesn`t work for me. I cut my losses quickly, but I take my winners just as quickly. I need to be right 7 or 8 times out of 10"
Marty Schwartz, Pit Bull
What I really think its important is to find a personal style that both fits your personality and your trading account. By that I mean, you need a profitable trading strategy that matches you. The winners can be bigger than the losers, or vice versa. And you can trade with the trend or against it. I know winning traders in all those 4 quadrants.
And they change their styles as the market changes its dynamic. So do I.
