A 70k bet that I can't make a 50% gain in 2009

Quote from TraderZones:

It would be useful if you had a little more advanced stats. ins, Losses, average% and all of this are relatively worthless.

Newer traders focus on them, but experienced traders know they don't really tell you anything about trading.

Profit Factor, Sharpe, max drawdown and things like that are far more valuable, even just to yourself.

Here is some discussion on calculating Sharpe: http://www.elitetrader.com/vb/showthread.php?threadid=53551

Profit Factor is simply the sum of all wins divided by the sum of all losses. ($ values, not #wins or losses)

max drawdown is simply your worst % loss, peak to valley.
.............................................................................................


I believe in keeping things simple. Juat make 2%
buy it for 1$ sell it for 2$ :D

CHEERS
JOHN
 
Quote from geez:

6/6/09:

1:42 1500 AMZN BUY 77.60
STOP 77.45
TGT 77.90


1:43 800 AAPL BUY 137.03
STOP 136.78
TGT 137.53

1500 AMZN EXIT 77.45
P/L -238.80



800 AAPL EXIT 137.53
P/L +388.49
 
Back
Top