Mason, this JMHO, but I believe the only understanding that matters comes via experience and not reading another traders data points. Especially since average numerical values will fluctuate between different traders. When I trade I try not to look at profit, but only trying to EXECUTE a certain amount of ticks. Whenever I'm focused on "profit", it throws me off for some reason. I use a 3 - 6 ratio - Stop once I reach 3 wins or 6 losses. Yes, I know, that ratio does not work on paper. But the objective is to improve trade selection, and I know if followed religiously, eventually trading 3 for 3 becomes a habit.
It is not quantity but, the quality of trades. If you trade the best setups only, your win rate and profitability goes up exponentially. Of course, you have to handle the risk too. Control those losses. Keep it small.
Risk management is literally all of it. You can almost do random entries and still be breakeven if not profitable. You summarized it very well: get used to pumping out trades.
Sorry you'll have to do it to learn those stats but I may have a final surprise for my friends here later.
Thanks for sharing this, @nooby_mcnoob. I will read it in detail later. IMO, this point quoted could be the most important one, though. Trade the edges, not the middle. This means that a lot of time will be spent waiting for the right time/price to enter. I bet this is where most people mess up being impatient, early and deep in the red by the time the time to act is there.
Are you worthy of free value? Said another way: VERY CLEARLY, the value is in the entries and exits. Why on earth would I think you are worth it?