Pinkmans' technical analysis journal
- Thread starter pinkman
- Start date
real money.
Only trading 1 contract most of the time now, and I occasionally place trades with my CFD broker instead of my futures account, but forget about that for the moment.
Trying to keep size small until I find something that I believe gives a genuine 'edge' (not that I'm even sure that one exists for retail trader after my years of looking)
Only trading 1 contract most of the time now, and I occasionally place trades with my CFD broker instead of my futures account, but forget about that for the moment.
Trying to keep size small until I find something that I believe gives a genuine 'edge' (not that I'm even sure that one exists for retail trader after my years of looking)
Let's do some simple math
This week so far;
Avg win = $307 & change
Avg loss = 2X Avg win + $180
One would need to maintain a >73% winning average just to remain marginally (and I mean barely marginally) profitable
And a lot of unnecessary digging out as you are aware
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Now letâs assume the Avg loss = the Avg winâ¦
Wining % would need to be 50% to break even
Immediate extra 23% profit (as compared to above)
But.., it gets better
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What if Avg loss was 1/2..., to not more than 3/4 the Avg win
Things that make one go Hmmmm
RN
Hi RedNeck,
Are you talking about having my stops 1/2 as big as my targets on trades? If so, in my experience, small stops increase the odds of being stopped, so I think it's all 'swings and round-a-bouts'
Or are you talking about the fact that my losing days tend to be bigger than my winning days? I'm not sure how I can control that. Do you mean stop trading for the day when i'm down over $300 or something???
Are you talking about having my stops 1/2 as big as my targets on trades? If so, in my experience, small stops increase the odds of being stopped, so I think it's all 'swings and round-a-bouts'
Or are you talking about the fact that my losing days tend to be bigger than my winning days? I'm not sure how I can control that. Do you mean stop trading for the day when i'm down over $300 or something???