meanreversion
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Another book I've found to be useful is "Beyond Technical Analysis" by Tushar Chande. It's fairly number heavy and statistics oriented, but he does a good job of summarising the main points. Like many of these books, you really have to read it at least twice to gain appreciable benefit.
You really should not worry about your pct win rate, it's irrelevant. You could have a win/lose ratio of 10:90 and still make money if your winners are 10 times bigger than your losers (such a system would be one with a very tight inital stop with the occasional big winner).
Similary, you could run wide stops and tight take profits and very quickly you will find your win ratio goes much higher than 50 pct. Doesn't mean you are going to make money tho!
You really should not worry about your pct win rate, it's irrelevant. You could have a win/lose ratio of 10:90 and still make money if your winners are 10 times bigger than your losers (such a system would be one with a very tight inital stop with the occasional big winner).
Similary, you could run wide stops and tight take profits and very quickly you will find your win ratio goes much higher than 50 pct. Doesn't mean you are going to make money tho!