Welcome to another edition of the How to Trade It podcast with Casey Stubbs! In this episode, Casey shares some valuable insights gained from reviewing his last 23 trades using his brand new indicator, the "Tipping Point Indicator."
This innovative tool has shown promising results, as Casey started testing it on a $50,000 demo account before using real money. Within just two weeks, he achieved an impressive 33% return, starting from $50,000.
The overall winning rate of his trades stood at 65%, which is considered quite solid in the world of trading. Furthermore, the average win amounted to $1,903, while the average loss was $1,571, resulting in a favorable risk-to-reward ratio of 1.27.
Casey is thrilled with the potential of the Tipping Point Indicator and is determined to continue refining it for even better outcomes. He also places great emphasis on the crucial role of mindset and strategy in achieving success as a trader.
Drawing insights from a past guest, Guy Cohen, a multimillion-dollar trader, Casey stresses that having a well-thought-out strategy is the backbone of profitable trading. Check out his previous episode below.
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