Your statistics.
- Thread starter Sekiyo
- Start date
Hello Sekiyo,
My stats are below, I am working on getting better profit targets.
I like to risk alot for smaller reward. I like high probability trades, so big stop loss.
Risk-reward ratio is 1:2 and win rate is 65%.
And your expectancy is 1.2?
How frequent is your trade?
1.2 is in dollar form if I get it right.
He risks 0.05% to earn 0.1%.
He’s expectancy is 0.0475% = 1.2$
Also it’s per trade. It’s not about volume.
However after 10 trades you should have 1.2x10.
@SimpleMeLike
Your stats are brights.
But be careful about your win rate,
If it falls too low (Below 66%) you’re in trouble.
Hell you got a nice margin still. Keep it going.
@danielc1
It’s a nice edge you got !
You could even bet more to increase your E(x).
Thank you Sekiyo,
Yes, I gotta keep on winning that is for sure. I like more frequent wins.
Understood that you like winning
But IMHO that’s the least we can control !
We know the risk, targets but %win is all about timing.
The win percent is about Everything. Timining, avoiding mistakes and attention to detail. And trading with absolutely no fear and watching the charts. AND practice practice practice practice practice practice and take notes and take notes and take more notes. This is why I like day trading because I get lots of practice everyday and even on the weekend, I can scroll back in history 2008-2009, to practice some more. Learning my setups, getting the data.
I myself took a break from trading,
But wish to get my neck back onto the line.
I’ll be happy with 1Risk/ 2Rewards @ 34% win
Forward, live practicing is the best you can do.
Just don’t fool yourself with illusions and noises.
It’s easy to get lost with greed and naive thinking.
Keep it simple, realistic and sustainable.
Avoid ruin.
Stay in the game.
Grind that tiny edge.
Don’t fix what’s not broken.