Tuesday, April 19, 2011

Tues. 4/19

5:00pm CDT - Thought for the day, "Whatever course you decide upon, there is always someone to tell you that you are wrong. There are always difficulties arising which tempt you to believe that your critics are right. To map out a course of action and follow it to an end requires courage." ~ Ralph Waldo Emerson

I had been meaning to post this chart earlier but will now. It shows quite well the real relationship between R:R, Win%, and the effect on profit curve.


Net breakdown (contracts traded):
ZS $698(10), 6E -$491(14), YM -$154(4)
RESULTS FOR DAY
Contracts:28
Net $P/L:53
Wins:3
Losses:7
Win%:30
Avg$Win:330
Avg$Loss:-134
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3 comments:

  1. MichaelApril 19, 2011 at 7:03 PM

    Great quote, really applies to trading doesn't it.

    I guess the system your trading just requires some huge balls. If you got'em, go for it!

    ;-)

    ReplyDelete
  2. MBAGearheadApril 20, 2011 at 1:56 PM

    The lower R:R curve doesn't require big balls really. Just lots of patience during flat/down periods and loads of discipline. Two things I need more of!

    ReplyDelete
  3. AnonymousApril 20, 2011 at 4:48 PM

    Lower win% systems nearly always have higher drawdowns. I would optimise for smaller drawdowns rather than max return espescially if I was attempting to trade for a living.

    ReplyDelete

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