Can this be considering a 'winning day'

C

chewbacca

I made 12.99 today after a max drawdown of -800. I think this has to be considered a huge down day cause risk -800 for +12.99 and see where that gets you after 1000 trails.
A win isn't always a win and a loss isn't always a loss.
 
Quote from chewbacca:

I made 12.99 today after a max drawdown of -800. I think this has to be considered a huge down day cause risk -800 for +12.99 and see where that gets you after 1000 trails.
A win isn't always a win and a loss isn't always a loss.
More...

you broke-even after being down -- so what's the big deal?

the question you should ask yourself is whether you would "always" get out when a trade shows $12.99 in profit and let it slide $800 against you and do nothing... hope the answer is "no".
:)
 
A winning or losing day is defined by whether or not you followed your rules. The P/L numbers are just data points on your equity curve. The goal is to trade well, money follows as a result of that.

This of course assumes you have some kind of edge. Only you can decide if your risk:reward is appropriate.
 
Quote from lescor:

A winning or losing day is defined by whether or not you followed your rules. The P/L numbers are just data points on your equity curve. The goal is to trade well, money follows as a result of that.

This of course assumes you have some kind of edge. Only you can decide if your risk:reward is appropriate.
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Lescor,

Completely agree.

Unfortunately too many traders will not understand that.

For example...someone makes $2,700 in a trading day while not being in the red at all that particular trading day...

While breaking all the rules in their trading plan...

Then considers it a good trading day...

Is more likely than not going to enforce bad trading habits that will ultimately come back to take a big bite out of their trading account.

Just the same...if someone has a profitable day of $12.99 while following their trading plan...

Will in the long term be in better shape than the trader that makes a habit of not following the trading plan.

Quote from chewbacca:

I made 12.99 today after a max drawdown of -800. I think this has to be considered a huge down day cause risk -800 for +12.99 and see where that gets you after 1000 trails.
A win isn't always a win and a loss isn't always a loss.
More...

Numbers (+/-) are pointless unless they had some definition (trading instrument, number of trades, when the trades occurred, method used et cetera.

Mark
(a.k.a. NihabaAshi) Japanese Candlestick term
 
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