What's the chance you'll be out of business

[DaveLandry]

Came across this statement, thought it might be interesting for some of our newer members:

If you risk 10% of your portfolio on each trade and trade stocks (50/50, probability of success/failure) you can be out of business 1 in 1024 times.

If you risk 5% of your portfolio each trade and trade 67% probability trades, you could be out of business 1 in 3,486,784,401 times.

Which odds do you prefer?

[HarryAloof]

Anybody who can articulate what a "defined probability trade" is, is already in the choir....haha.

[SwingKong01]

Well neither will encourage the starters. The number will always freak them out in one way or the other. But forex is not something that is granted, it takes work