Mando explains how his breakout trading strategy allows him to be wrong more often than he's right by cutting small losses and letting his biggest winners run
“I have a pretty consistent way which I trade, which is basically trying to find things which are breaking out and then do trades around that”
“I can afford to be wrong more than I'm right with that strategy, even without the GridBots. But generally what I'm looking for is trades where the winners have run a lot more than the losers, and I just cut the losers”
“I cut lots and lots and lots of losers for small amounts and just have some big winners”
“It was just huge wins versus tons and tons of smaller trades, small losses. So it's about keeping your real winners and then cutting a lot of the smaller trades”