Why Win Rate Is the Wrong Metric to Optimize
Win rate is the metric the trading-education industry loves to advertise, because a high percentage sounds like skill. It is also nearly useless on its own: a 90% win rate can lose money and a 40% win rate can be highly profitable, because what determines profitability is expectancy, the size of wins and losses, not how often you win. Here is the math, and why optimizing for win rate pushes you toward exactly the wrong strategies.