Trader expectancy

K

KISS

I see that most software packages and even some brokers don't have much data to show trader expectancy
Traders have to manually enter trades to get their trade expectancy and even for taxes.

As for taxes, the gov't has your total gross sales only. You have to enter the cost of your sales to calculate net profit or net loss..

I need 300 trades of your pass trades to calculate trader expectancy for a particular stock or futures contract or forex.

Send a text of your 300 trades with show price paid on enter and exit.
based on your last 300 trades that should give your trader report card
like report card or sports, it' vital statistics show your trader status and report card
 
Every company has employee statistics or their KPI. or key performance indicators.
it shows how you are doing in trading record. etc

I would not consider anyone a pro if they don't have trader expectancy or don't know what it means.
 
Last edited:
KISS said:
Every company has employee statistics or their KPI. or key performance indicators.
it shows how you are doing in trading record. etc

I would not consider anyone a pro if they don't have trader expectancy or don't know what it means.
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Have you calculated your own "trader expectancy" ?

wrbtrader
 
wrbtrader said:
I wonder if there's another phrase / term that's commonly used than "trader expectancy" ?

(Win % x Average Win Size) – (Loss % x Average Loss Size)

The phrase I'm use to is negative / positive expectancy.

wrbtrader
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Not sure to understand.
But I agree, a trader has no expectancy.
Setups and systems do have expectancy.

What the trader owns is his PnL.
 
Sekiyo said:
Not sure to understand.
But I agree, a trader has no expectancy.
Setups and systems do have expectancy.

What the trader owns is his PnL.
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I agree with this as well.
We have PNL to focus on to.
 
Are you a positive or negative trader? that is what trader expectancy is. A positive trader can make money even he is wrong 50% of the time.
 
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