I had a trading strategy that has become obsolute due to the ever changing nature of the market. However, at some point it was able to yiled me a 98% win rate of about 130 trades. I was able to double my trading account in about a month.

As a matter of fact I traded currencies alone during the US open session. And I was not using time charts, tick charts, or range charts. I was using Volume charts and was counter trending the ends of selloffs or rallies as price began to slow down and chop. At certain times during the highest volatility and volume I was doing upto six trades within an hour.

That was about 30 positive trades in a row. I’m still doing from 15 to 20 on avergage. That’s from %80 to %90 of my total trades. The strategy is a mix of two systems, daily/swing trading and scalping.

Daily/swing trading is more stable in results and easier to analyze, but I hate waiting. ) so I added a scalping entry/exit strategy to it. This way I can get in and out faster with less risk and high winning rate. And each trade doesn’t last long. I prefer to play with lot sizes, than using high/large targets.

If I trade looks profitable long term, more than short term scalping, I would follow the long term and add a trailing stop, then forget it.

Cut your losses short and let your profits run

In my opinion, winning rate doesn’t mean much if you can’t manage your account long term. that should be the goal. many scalping strategies would get high winning rates, but with bad money management you could lose all in seconds. On the other hand, most daily trading strategies provide lower winning rates, with good management that smaller percent would generate greater return.

I’m saying that because I know what beginners would think when they read all those high winning numbers and results. It’s all about how you manage your account. not how high/low your winning rate is.

Learn money management and account management, then use any strategy, even basic/simple strategies would be profitable for you.

if you asked me, trading success is 75% management and 25% analysis. the difference between professional traders and beginners is not the tools they use or the strategies they’re trading with. it’s their management systems/plans.

When you spend most of your time with numbers, and less time with charts. that’s when you become a professional trader.