Why Risk Management Matters More Than Win Rate
Assuming you risk 1 unit to make 2 units. See how low your win rate can be.
Comparison: A 60% Win Rate trader with good vs. bad risk management.
Result after 100 trades
Result after 100 trades
Notice how the trader on the right wins 60% of the time (mostly green days!), but because they risk $100 to make $50 (cutting winners early or holding losers too long), they end up with $-1000.