I take a single trade every morning and have has a success rate of 57.8% over the last year.
Given that there are only 2 possible outcomes (I win or I lose) I have given some thought to employing a martingale run (think that's what it's called!)
Using this method, I need to cover 66 trading days without having a run of 5 losses in order to make a profit. Can anyone tell me how I might calculate the risk of adopting such an approach?
