For discretionary traders only - what is your profit factor? I've been wondering how my numbers compare to others. I understand there are other important stats, and MAYBE I'll bore you with another poll in the future if others want it (or you can create one). Assuming fair consistency, would 2-3+ be considered a typical profit factor for a well experienced (and good) discretionary day trader (not swing)?
This is one stat I don't keep, I can't see how this would help me in anyway. The one I concentrate on is Average per trade based on weekly and monthly data.
All that really matters imo is cps (cents per share). profit/volume eg. $1000/100000=.01 Anything over .02 for sustained time is really good.
Profit factor > 1 means net profit but nothing specific. Some kid with a $50 micro forex account can have a PF = 50 but net only $10 at the end of the year, so what? At the same time a hedge fund with a PF =1.1 can net $1 billion.
If someone even using $10 forex account can do PF of 50 for the year as a result of significant amount of trades (to exclude luck possibility), it still means that person trades very well.