You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
Quote from geez:
As of 6/5/09:
YTD Totals:
P/L +24,345.89
169 wins
203 losses
25 b/e
Avg: 45.4 %
Ratio:1.88
Hi geez
great thread and a lesson to many of us in discipline.I often wondered if your goal would be attained much sooner with less of a out sized comm. scheduleie....
Your $24 345 profit comes with a comm. cost of $5558 or
22%. This woul inply that your average win of $400 is a net of
$312.(400-88) with comm. deductions.
your average loss would therefore be increased from $200
to $244(200+44)
Now your goal of 2:1 win is netting out to 1.27:1
I,m assuming that your P/L is before comm.
still a great trading record with this handicap.
cheers
john
.
As of 6/5/09:
YTD Totals:
P/L +24,345.89
169 wins
203 losses
25 b/e
Avg: 45.4 %
Ratio:1.88
Hi geez
great thread and a lesson to many of us in discipline.I often wondered if your goal would be attained much sooner with less of a out sized comm. scheduleie....
Your $24 345 profit comes with a comm. cost of $5558 or
22%. This woul inply that your average win of $400 is a net of
$312.(400-88) with comm. deductions.
your average loss would therefore be increased from $200
to $244(200+44)
Now your goal of 2:1 win is netting out to 1.27:1
I,m assuming that your P/L is before comm.
still a great trading record with this handicap.
cheers
john
.
Quote from sheepsucker:
Do you follow this stop-or-target discipline because of psychological reasons (No second guessing, simple rules) or because you have concluded results expectations are better that way because you are not tempted to move the stop too tight?
Sheepsucker....yes
It's both, really. Psychologically, once I enter a trade I know it can only do 2 things (for the most part)...hit my stop or my target. This takes out the varibale of taking trades too early. Most trades I enter I don't even watch..I just alert a price area and look at the chart when the alert goes off. Also, with $14 commission roundtrip, if I take profits too early this can really eat into my ratio, which I feel is the key to my style.
Hope that helps-G
Quote from Appleseed:
Quote from geez:
As of 6/5/09:
YTD Totals:
P/L +24,345.89
169 wins
203 losses
25 b/e
Avg: 45.4 %
Ratio:1.88
Hi geez
great thread and a lesson to many of us in discipline.I often wondered if your goal would be attained much sooner with less of a out sized comm. scheduleie....
Your $24 345 profit comes with a comm. cost of $5558 or
22%. This woul inply that your average win of $400 is a net of
$312.(400-88) with comm. deductions.
your average loss would therefore be increased from $200
to $244(200+44)
Now your goal of 2:1 win is netting out to 1.27:1
I,m assuming that your P/L is before comm.
still a great trading record with this handicap.
cheers
john
.
Appleseed,
The P/L is with commission added in. I think you may have misread.... My commission is $7 each way, so if I take a $200 loss add in $7 for the buy and $7 for the sell=$14 commission...a total of $214 loss...not $244.