Type of trader Answers (Q1-Q2) Risk Reward (use ATR) Base Win Rate Quick description Trade-offs 100 trades: Losing streak size 250 trades: Losing streak size Popular strategies for the style
Win Frequent Extreme
4-4
Risk 3 to make 1
75%
Highest fear of loss level….hates to lose. Will gladly accept small but steady gains to avoid losing trades. Individual gains come frequently but are only about 1/3 the size of infrequent losses.
Smallest sized profits, shortest sized losing streaks. Could implement a higher risk per trade (3% of total account) without a catastrophic drawdown.
3 trades
4 trades
Stocks, Sell covered calls, Buy in-the-money covered calls, Iron condors
Win Frequent
4-3, 4-2, 3-4, 3-3, 2-4
Risk 2 to make 1
67%
High fear of loss level…hates to lose. Will trade small and steady gains to avoid losing trades. Individual gains come often but are small compared to infrequent losses.
Smaller sized profits, shorter sized losing streaks. Could implement a higher risk per trade (2-3% of total account) without a catastrophic drawdown.
4 trades
5 trades
Covered calls, Bull call and bear put credit spreads, Playing rebounds, Selling cash covered puts
Just Win
4-1, 3-2, 2-2, 1-4
Risk 1 to make 1
50%
Looks for leveraged trading opportunities and expects to win about as many trades as they lose.
Good sized profits, mid-sized losing streaks. Could risk 1-2% of total account per trade without a catastrophic drawdown.
5 trades
7 trades
Leaps, Purchase at-the-money puts or calls, Earnings plays, Diagonal spreads
Win Big
3-1, 2-2, 2-1, 1-3, 1-2
Risk 1 to make 2
33%
Low fear of loss level…enjoys big wins. Will trade a larger number of small losing trades for larger gains. Individual gains are twice as large as losses but losses come more frequently.
Larger sized gains but more frequent losses and larger losing streaks. Could risk 1-2% of total account per trade without a catastrophic drawdown.
6 trades
11 trades
Buy out-of-the-money calls and puts, calendar spreads, diagonal spreads, penny stocks
Win Big Extreme
1-1
Risk 1 to make 3
25%
Lowest fear of loss level…loves outsized profits. Will endure the highest number of losing trades in pursuit of monster profits. Individual gains are three times larger than losses but are rarer.
Largest sized gains, more frequent but smallest losses and longer losing streaks. Should consider risking just 1% of total account or less per trade to avoid catastrophic drawdown.
8 trades
15 trades
Buy out-of-the-money straddles/strangles, Penny stocks, digital currency, forex
*NOTE: Multiply losing streak by amount a person risks per trade to determine the potential max drawdown they could experience given their annual trade frequency.

1 page more in-depth summaries of each main style

1 page summary
1 page summary
1 page summary

*For Win Frequent Extreme, use Win Frequent page summary with the strategies listed above.

*For Win Big Extreme, use the Win Big summary page with the strategies listed above.