Trading is a tough profession to crack, but the beauty about it is that market it is so dynamic and it has a lot of ways to extract profit from it, and any type of strategy can work as long that the trader using it will consistently follow its trading rule. Newbie trader fails because of the lack of knowledge, while veteran trader fails because of inconsistencies and indiscipline, there are cases that a trader may already have a good strategy at hand but because he has different mindset or agenda he may abandon such strategy and look for another one that fits to his own unrealistic criteria.
All traders participate in online trading because they want to make quick money and become financially independent in a short period of time, so in order to achieve it they will look for trading strategies that has high winning rate you can attest to it by visiting MQL5 website where most of the popular strategies there has high winning rate percentage(85% to 90%), but if you notice none of this traders has an account that last of more than 2 or 3 years, meaning a trader that using a strategy that has high winning rate or a very smooth equity curve cannot survive over a long period of time in there trading because all of them are using either a big SL(or no SL)-small TP strategy that somewhere along the way they get punished by the market and have their account wiped out, it is more into gambling rather than trading.
Real trading is about consistently making profits through years of trading no matter at what market condition, consistency in trading does not mean to have 100% or higher winning percentage in trading, of course most traders aspire to such figure but it is unrealistic and they will just end up in the losing side should they aspire to such goal. All high winning percentage strategies involves high risk approaches that it can also easily wiped out your account easily, it is important that traders realize proper implementation of good risk reward ratio in their trading, that it is not necessary to make higher winning rate to be profitable. If traders want to succeed in this very tough profession I would suggest that when a trader develop or look for strategy to use in their trading it must be always in the context of good risk reward ratio(at least 1:1) and proper money management in addition to proper handling of one's psychology.
In conclusion, individual traders has always the final say of what path they would take in their journey as a trader what is important here is we are consistently making money over years of trading, but it is also important to note that whatever path we would like to take in trading it must be in harmony with our personality and belief system to avoid confusions when making those trading decisions.
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