Journal of a 90% win rate trader

maxinger said:
What is your intention actually?
If you are going to publish such excellent results every single week for the next few months/years/decades,
I don't see any value in it other
than for you to feel great, high, and almighty.
based on your data, you are highly gifted to be a trader
and u are selective in publishing good data only.
More...

Thanks, I appreciate the kind words.

From all the years I have been trading and from other forums and talks, most people didn't want to see small value trades or poor weeks.

I can't even post my trade totals anymore because Oanda removed that account tool.

I am a pretty transparent and honest trader. But as I have said before in my posts, I can't always trade or post.

I sometimes goes weeks without trading. So some of these were all the trades I took for a six month period.

I used to only trade a $2k account, and make between $500-2k a month and then withdraw it and start again, only since 2020 did I ever trade accounts over $5k.
 
maxinger said:
I guess you will be showing multiple PNL for 2019, 2018, 2017 .... soon.
why don't you plot your equity / PNL chart over the past few months?


Anyway, based on your data,
you don't have to trade to earn $$$$ anymore as you would have
already reached financial freedom.
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I don't have those records or screen shots available.

It was good trades, but lower value accounts back then. Obviously I have trades that go against me too, not saying I am perfect.

I have most of my net worth tied up in my stocks. I used to just trade forex for fun money, using a couple thousand to make a couple hundred a week or more to spend or throw into more stocks.
 
Account right now is around $7,300. Made like $680 last week. Should be over $12k by May or earlier if things go well.

In case people got confused with me posting trades from a year ago, this is a journal that I have kept in real time on other forums, forexfactory mainly, also babypips and earnfx and recently trade2win.

I am mainly using this as a way to save my trades in a place easily referenced. I am slowly drafting a few ideas for trading/investing/personal finance books, I used to be a dividend investment blog writer for a few years.

Typically I add $250-500 into my forex account each month, but if I am in the process of getting my funding ready for my stock account I will skip a month or two.

As I invest like I am my own "pseudo hedge fund", this is a unique novel approach that has enabled me to make a broad spectrum of investments into many sectors at times over the years.
 
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hm...average hold time for winning trades is 15 hours, average hold time for losers is 7 days.
Do you add to losers and hope they recover somehow?
 
MrMuppet said:
hm...average hold time for winning trades is 15 hours, average hold time for losers is 7 days.
Do you add to losers and hope they recover somehow?
More...
Many forex traders do Martingales. :p
It accounts for the >90% win rate but can wipe out the account on a few losers. o_O

The real fun starts when they make a Martingale ladder in both directions. :banghead: :D
 
Thor said:
Many forex traders do Martingales. :p
It accounts for the >90% win rate but can wipe out the account on a few losers. o_O

The real fun starts when they make a Martingale ladder in both directions. :banghead: :D
More...


right. The high win rate is very bad.


This is a typical high win rate trader's results:
win 1 tick
win 2 ticks
win 1 tick
win 3 ticks
win 2 ticks
loss 100 ticks
win 1 tick
win 3 ticks
win 2 ticks
loss 200 ticks (but the position is still open).

win rate : 90%
profit/loss : -85 ticks

perhaps OP is a highly gifted trader.
But then, he didn't disclose how he was trading.
He just disclosed all the wonderful results.
 
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Thor said:
Many forex traders do Martingales. :p
It accounts for the >90% win rate but can wipe out the account on a few losers. o_O

The real fun starts when they make a Martingale ladder in both directions. :banghead: :D
More...

I don't trade a martingale system, just have a big cash reserve.

I usually only close out trades when it passes a certain value depending on how much that trade is worth, or breaks through a range channel.

I only scale into and out of my trades when they are in profit, never when they are bad trades.

Another thing to keep in mind is that since I trade a range of correlated pairs, usually if I am down on one pair I am up on another.
 
maxinger said:
perhaps OP is a highly gifted trader.
But then, he didn't disclose how he was trading.
He just disclosed all the wonderful results.
More...


OP showed 254 winning trades (avg profit $95.47) and 22 losing trades ( avg loss $65.77).

That means:
  • expectancy is $82.62
  • from all the profits he made in winning trades, he gave back in losing trades 5.96%.
If his trading during the whole years is similar, it is not the 1-2 ticks profits and 100 ticks losses from your post. 276 trades in total give already more or less an idea about the performance. I think it is above average.

I do worry a bit about the holding time of losing trades. If markets are range trading it is not so dangerous, but if there is a real trend and he is wrong, it might get quickly bad.
 
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