You want 34% winning rate. But can you mentally deal with 64% of trades being losers if executed per plan.
I don’t want 34% win But that’s what I am expecting. The more ... the better ! Upside surprise. Seriously losing 2/3 of my trade ? I’ll need discipline for sticking to my plan. It’s hard for sure but what matters is profitability. I want to be statistically passive. Gotta learn it a bit more everyday.
I agree and that is my approach as well. My goal is to find positive expectancy over past or future XXX to XXX,XXX amount of trades. And obtain quality trading education.
I can risk more, but I do not need to. More risk, more volatility to portfolio and I like to sleep through black swans. For every dollar I risk I aspect to get the dollar back plus 20 cent on the long run
Trade(Win+Loss) < Trade(Total) -> 485 + 37 < 416 There’s a little problem indeed. Maybe running ones during screenshot.
Sekiyo, Yes, there is a small problem with that but no time to fix it. I don't need to be perfect with the number crunching. I think you get the point of what I am doing. Save the perfection for trade execution and management. I fix that excel stuff later.
%% Risk less per trade+ more per investment. RR= better in 4th quarter,+ 1st quarter, than summer. Less drawdowns with SPY+ related; more profit/drawdowns with QQQ+ related....................................................................................Its not 65%, hit rate , 'cause I count first year of day trading with results FAR worse than random LOL.