Quote from geez: As of 6/5/09: YTD Totals: P/L +24,345.89 169 wins 203 losses 25 b/e Avg: 45.4 % Ratio:1.88 Hi geez great thread and a lesson to many of us in discipline.I often wondered if your goal would be attained much sooner with less of a out sized comm. scheduleie.... Your $24 345 profit comes with a comm. cost of $5558 or 22%. This woul inply that your average win of $400 is a net of $312.(400-88) with comm. deductions. your average loss would therefore be increased from $200 to $244(200+44) Now your goal of 2:1 win is netting out to 1.27:1 I,m assuming that your P/L is before comm. still a great trading record with this handicap. cheers john .
Sheepsucker....yes It's both, really. Psychologically, once I enter a trade I know it can only do 2 things (for the most part)...hit my stop or my target. This takes out the varibale of taking trades too early. Most trades I enter I don't even watch..I just alert a price area and look at the chart when the alert goes off. Also, with $14 commission roundtrip, if I take profits too early this can really eat into my ratio, which I feel is the key to my style. Hope that helps-G
Appleseed, The P/L is with commission added in. I think you may have misread.... My commission is $7 each way, so if I take a $200 loss add in $7 for the buy and $7 for the sell=$14 commission...a total of $214 loss...not $244.