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Grinding it out, day after day
- Thread starter lescor
- Start date
Quote from lescor:
+2,000 for the 4 day week, 246,000 shrs traded. Daily p/l was -1, -6, +9, 0
I'll try to give an update for the month and quarter, but I'm heading out of town during the long weekend.
I'm new to this forum, are these numbers for real? Can you post screenshot or other proof ?
Quote from dixietrader:
I'm new to this forum, are these numbers for real? Can you post screenshot or other proof ?
Cmon Newb, have some discretion, your first post in here and you ask one of the better traders for proof.
I got a suggestion, Read this whole thread from post 1, then type in Lescor in the search function and read all his posts,
Then rethink your question again before you post another question.
geez,, wtf,,
Ef
Quote from lescor:
I don't use risk:reward ratios at all, so I couldn't tell you. I look at cents per share and expectancy of a strategy. [/B]
Hey Lescor, I know this quote is old but I didn't see any further references to this. How can you measure expectancy of a strategy without risk to reward ratios? It seems to me that this is how expectancy is measured. Can anyone shed light on this? Thanks in advance.
Expectancy= (win rate * avg win) + (loss rate * avg loss)
R:R is usually expressed as dollars risked compared to size of wins. It doesn't take into account win rate, though some people might define it differently. R:R is a ratio, expectancy is usually expressed as a dollar amount. They're similar, but not the same.
At least that's how I understand R:R. But I never use it, so maybe I'm wrong.
R:R is usually expressed as dollars risked compared to size of wins. It doesn't take into account win rate, though some people might define it differently. R:R is a ratio, expectancy is usually expressed as a dollar amount. They're similar, but not the same.
At least that's how I understand R:R. But I never use it, so maybe I'm wrong.
Quote from lescor:
Expectancy= (win rate * avg win) + (loss rate * avg loss)
R:R is usually expressed as dollars risked compared to size of wins. It doesn't take into account win rate, though some people might define it differently. R:R is a ratio, expectancy is usually expressed as a dollar amount. They're similar, but not the same.
At least that's how I understand R:R. But I never use it, so maybe I'm wrong.
I see what you're saying, but I would think your average win/loss amounts would be optimized from backtesting and that's why you would need RR.