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RE: The formula for success (it's literally a formula...)
Not necessarily... If your reward is less than your risk, then you just need to win more often than lose (as per the formula).
If you look at the last example, a winning trade = +$10 and a losing trade = -$25. But... if you can win 75% of the time, then you will make money. That's why the 'formula' is so important.