It is positive expectancy that counts, not win rate. If you trade options, you could write deep OTM options with a 99% win rate yet the 1% will wipe you out.
%% Congrats on Up equity trend past 2 months Rpoints1877.777. Also look @ it this way, most [80%] ,any pro will not even NOT beat holding SPY/S&P500, 10 years . In other words UPRO, YTD, 2019 =$ +45%, amazing. last quarter, 2018=[-39% OUCH,OOPS] 52 weeks=[-25.15 %, OUCH,OOPs] 5 year/260 weeks= =17%+/ annual, total return. HEY friend, dont be surprized if you do 17% a year, not 17% @month , 17% ayear, . NOT net, that IS gross, minus commissions+slippage.NO such thing as luck, chance, yes, luck NO!! SPY average 10 year total return, annual=12% per year, includes 2% dividend/+. I used thier info + investors.com.
But in their sales pitch, they said on a risk adjusted basis they were better than SPY/SPX. Besides, they are not hurting, as long as their clients stay and happy with risk adjusted returns, since they always collect a 2% fee.
%% 2% or 1%?? [UPRO/S&P 500 x3] Its a trick question; thier literature says 00.92 % And after all these years found out its 505 co, not 500.[20.12 %invested in info tech/UPRO; investing involves risks they note LOL]
If I am running a $10B hedge fund, I am happy to accept 00.92% fee ~ $92M a year, I won't be starving, it is enough to buy a few BigMac for me and my kids.
%% $92 million[ 00.92% fee ]on a hedge fund sounds much better than 2/20%.Tim Sykes got 30% +I got his paper copy ''American Hedge Fund '' book-NoT on AMZN, they raised the bids on a book on me in real time.LOL. He gives his book free as an e book.... NOT a prediction + sure not an ad for penny stocks LOL-LOL
Thanks for all of the good advice folks. I found one of my main problems. I was trading the 5 minute moves at pullback, without taking the end of the 15 minute waves into account, which meant many of my entries were too early. I've seen people talk about using higher time frames, now I see why. I was chasing the 15 minute moves without realizing it.
Number of winning trades and profit per trade should be very high, while number of losing trades and loss per trade should be very low. If you have 100% winning trades with very high payouts you have the best expectancy you can dream of. The profits are high and the losses are zero as you have no losing trades.
You’re already a winner by squeezing as much learning out of a down trading period. Question is, “can you handle the deluge of winning trades that are sure to come?