Today I achieved the goal of 1000 trades

[ElectricSavant]

Congrats..

 

[TickSeeker]

Winrate is one of the least important trade statistics. 1000 trades should have clued you in on that.

Of course the win rate must be published along the RR so you can see the expectancy.

Evermore2017, What a great expectancy you have (0.96R). Man you're VERY profitable. Congrats ! btw. What was your maximum drawdown (R or %) during those 1000 trades ? How long did it take to do this +960R profit ?

 

[Bill.C.]

Congrats. Everyone focussing on your broker is easy to understand but I think by your stats you should be making more than enough to cover the RTs

 

[Evermore2017]

Of course the win rate must be published along the RR so you can see the expectancy.

Evermore2017, What a great expectancy you have (0.96R). Man you're VERY profitable. Congrats ! btw. What was your maximum drawdown (R or %) during those 1000 trades ? How long did it take to do this +960R profit ?

1 or 2 trades a day(2 years), studying hard, reading a lot, trying to improve, etc. Maximum drawdown of 24%.

 

[El OchoCinco]

I was making a joke because I read it as 1001 trades in one day ....

 

[nickynoes]

Where do you see that?

I see 67.3%

Oh now I get it - you're giving some partial stats also and trying to make a point.

Kinda how car salesmen up-sell gullible customers - well how much do you want your monthly car payment to be without understanding their complete job/income situation.

No I am talking about the win rate. Obviously a system with a win rate above 55% (you can achieve 45-55% win rate by random entry so it should be 55%+) and an average RR of 1:1 or higher is going to be a profitable system unless it stands the chance of being wiped out in a black swan type event.

Win rate on it's own is useless yes, but he did post it together with his average RR and then it is not useless but a rather strong statistic since you can calculate expectancy.

 

[SunTrader]

No I am talking about the win rate. Obviously a system with a win rate above 55% (you can achieve 45-55% win rate by random entry so it should be 55%+) and an average RR of 1:1 or higher is going to be a profitable system unless it stands the chance of being wiped out in a black swan type event.

Win rate on it's own is useless yes, but he did post it together with his average RR and then it is not useless but a rather strong statistic since you can calculate expectancy.

And if it is on a $2000 trading account. And if he requires $2000 a week to live on. And if ....

 

[nickynoes]

And if it is on a $2000 trading account. And if he requires $2000 a week to live on. And if ....

Sure, not all systems with positive expectancy are traded profitably, but all profitably traded systems have positive expectancy. My original point however was just to emphasize that win rate is not nearly as useless when combined with R:R as it is stand alone.

 

[birdman]

studying hard, reading a lot, trying to improve, etc.

Nice going - not to mention the personal satisfaction, which is often better than the profits. Well done!

 

[SimpleMeLike]

Hi,

1001 trades executed, still surviving, learning and profitable.

99% daytrades.
67.30% winrate
1.91 RRR

Great persistence, consistently, winning, staying focus, and hard working.

I am on trade number 88 and counting.

Congrats