Profit factor for descretionary traders

Discussion in 'Trading' started by tenthousandmen, May 30, 2012.

What is your profit factor over AT LEAST a 12 month period?

  1. 1-1.2

    2 vote(s)
    13.3%
  2. 1.2-1.4

    0 vote(s)
    0.0%
  3. 1.4-1.6

    2 vote(s)
    13.3%
  4. 1.6-1.8

    1 vote(s)
    6.7%
  5. 1.8-2.0

    2 vote(s)
    13.3%
  6. 2.0-2.3

    2 vote(s)
    13.3%
  7. 2.3-2.6

    1 vote(s)
    6.7%
  8. 2.6-3.0

    1 vote(s)
    6.7%
  9. 3.0-3.3

    0 vote(s)
    0.0%
  10. 3.3-3.6

    0 vote(s)
    0.0%
  11. 3.6-4.0

    1 vote(s)
    6.7%
  12. Above 4

    3 vote(s)
    20.0%
  1. 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)?
     
  2. ocean5

    ocean5

    My PF is when im going to the bank for some cash,even though its only $2-3 K,feels good!
     
  3. Edit --- profit factor=net profit/net loss
     
  4. cornix

    cornix

    1.8.
     
  5. Hi cf,

    What do you use to track profit factor?
     
  6. Handle123

    Handle123

    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.
     
  7. Dustin

    Dustin

    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.
     
  8. 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.
     
  9. cornix

    cornix

    Hey RM,

    Myfxbook attached to Oanda MT4 account.
     
  10. cornix

    cornix

    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.
     
    #10     Jun 1, 2012