InvestorQ : Is it necessary to be always right to be successful as a trader?
Rutuja Nigam made post

Is it necessary to be always right to be successful as a trader?

Answer
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Dawn Cherian answered.
2 years ago


During the course of trading you must have surely tried to evaluate how often you got your calls bang on target. For most successful traders the success ratio is about 55-60% in a best case scenario. Then what draws the line between a successful investor and a not so successful investor. The problem is that there is just too much focus on being right. But being right is not the same is being profitable. What really matters is what you do when you are right and what you do when you are wrong. Remember, when it comes to trading being right is not the same as being profitable