Expected Win/Loss ratios

[JimmyJam]

Quote from ozzy:

Here's the spreadsheet I use.

November so far.

Enjoy.

This is a great tool, because it makes you focus on your setups and wait for the optimal time(s) to take a trade (recording the information like this makes the trader accountable).

I plan on using it in my trading.

Thank you very much.

Sincerely,

Jimmy

 

[smallfil]

RunTrade,

I am not a hyper trader and have just 13 options trades since,
May 2005. Good that I keep a trading journal so, I can track my errors as well as my win/loss ratio. So far, 7 winners, 5 losers and 1 even (should have been a winner but, I allowed the gains to vanish). My win/loss ratio is slightly over 3 to 1. Most experts suggest having atleast, a 2 to 1 win/loss ratio and Price Headley claims in his dvd that his ratio is 6 to 1.
It is not about how many winners but, when you win----you want to win big and when you lose----you want to lose a little.
So, the win/loss ratio does matter a lot in my opinion.