Frustrated

Discussion in 'Professional Trading' started by Hamb-ltrd, Dec 2, 2003.

  1. Trade forex.
     
    #21     May 15, 2004
  2. I just looked over your stats. The most imporant factor is that u are right about %66 of the time.. but your avg win/avg loss (.63) is way less than one. Your mathematical expectancy is a low 7.6 cents. Means for every dollar risked u are making roughly 7 cents.

    If I were u I would stop trading altogether and re evalute. Your trading method is a classic churn and go no where. You have to fine tune your strategy to make your avg win/ avg loss over 1. You can stick with the SPY for now... but u have to get better stats once u go live on the ES.

    Its a good smart thing u posted here to get feedback.



    --MIKE
     
    #22     May 15, 2004
  3. what happens if you decrease your stop?
     
    #23     May 15, 2004
  4. #24     May 15, 2004
  5. Osman

    Osman


    Definitely reevaluate your methodology. 0.005/share is cheap, but commissions are still a problem, so are you overtrading? Maybe you're letting your losers go too far?

    If you're right 2/3s of the time, cutting your losers earlier must be part of the solution.
     
    #25     May 15, 2004