Gary's Greatest Hits on Trading | Page 2 of 3 | Gary B. Smith | Financial Articles & Investing News | TheStreet.com

Gary's Greatest Hits on Trading | Page 2 of 3 | Gary B. Smith | Financial Articles & Investing News | TheStreet.com: "I asked another student how many times he thought you had to be 'right' as a chart reader in order to make money. I'll bet his answer was the same as yours: 51%. But, of course, that's wrong. The correct answer is that there is no correct answer. You could be right 1% of the time and be filthy rich. How? Let's say I did 100 trades last year, and won once. However, that winner netted me a 200% gain. The 99 losers? I cashed out each for a 1% loss. See the interplay between win rate and gain per trade?"