Profitable but still called bad trade.

[rachael9385]

I believe that profit is the most important factor in trading. Not feelings or any life goals, as in The Wolf of Wall Street. Only the monetary result in numbers. If you're a trader and you trade well, it doesn't matter whether the market is in your favor.
You have money, you're a winner.

Making profit is the goal but this should not be the goal of a beginner, we all want to make profit which is actually the whole essence of trading but if a beginner prioritizes this it actually causes more harm than good in the long run. What some traders need to focus on is making sure they are on the right track first before thinking about winning.

And as the saying goes, "winners are never judged." And the theory of probability is such that if you're lucky now, it doesn't mean you won't be lucky in the future. Past experience doesn't count as luck.

People are only interested in the results you get that's quite true but there are traders that make profit not because they took a trade out of doing proper research, they took a position and hoped to get lucky and they did. Luck is not sustainable in trading, it happens once in a while but depending on it is dangerous.

[GbitG]

Agree.

The Martingale strategy is highly profitable 99.99% of the time, but sooner or later a "Black Swan" event arrives and wipes you out completely.
Conversely, you could lose millions of trades in a row if you bet on a real "Black Swan."
Yes, it is great to operate at a loss for years—or even decades—if you know what you are doing.

Let us not be shortsighted!

Bruh..... !!! 

That's super cap... How can a Martingale be a shine gold... Let me elobrate it widely. If you have a good strategy and you try to call the Martingale on every single attempt then tell me how much DD will you take as limit......


I know only 3-6 attempt will make you num because it's a probility myth and definitely we  retails only get F**ked on few bucks. So Black Swan is not the case to blow your account. Only few attempt of Martingale can easily breach all of yours equity like if you are doubling your risk on every tarde then definitely it will give a beep sound. 

Unnecessary risk is big enemy of trader  (Martingale on every attempt) 

[yhiaali3]

I strongly agree with what the trader said, Because evaluating a trade based solely on its financial outcome is the biggest mistake traders make. Because a good trade is one in which you followed your plan, your rules, and your capital management.. ...even if it ends in a loss.
As for one bad trade where you broke the rules yet still made a profit by sheer chance that is actually a "deferred loss," because it conditions your mind to engage in the wrong behavior.

Focusing on your commitment to the strategy provides long-term discipline Meanwhile  focusing on haphazard profit drives you to take risks.