NinjaTrader Live | Trade the Close | How to Win as a Trader with Larry Williams

[music] [music] [music] Before we get into the next thing, I want to talk about what really makes money in the market . People always ask me, "Larry, how accurate is your system ? How accurate is your trades?" Guys and gals, it is not about accuracy . Look at this. This is study of 2,500 trading systems that have been trading and I Googled it to get the most the highest winning session . Look at that, 92 92 89 . Wow, real high accuracy, a lot of winners . But, look at the profits. Uh . Uh annual return minus two plus 3%, minus 2%, plus 2%, minus seven . They didn't make very much money . So, that really high accuracy, but there wasn't any profit . Hm . So, our next slide will show the real truth of this . If we look at the total profits made, these are the systems that made the most profits, okay ? Look at their accuracy ratio, 44%, 54%, 52% . They're about 50% accurate . So, accuracy is not what's going to make the money for you . It's the risk-reward ratio, the size of , that's going to make money. So, as a short-term trader, long-term trader , whatever your trading time frame is, you have to really consider this if you want to be profitable in this business. It's . It's not about accuracy. It's about having winning trades larger than losing trades . Okay, let's look at another real easy setup tool . All you have to do is say was yesterday up close or down close ? Cuz this matters . So, if we first say, "Okay, yesterday closed down." Now, did the day open up or down ? So, you just have two things. . You can say, "Did the market close yesterday