| RESULTS FOR DAY | |
|---|---|
| NQ Contracts: | 5 |
| Net $P/L: | 512 |
| Wins: | 1 |
| Losses: | 0 |
| Win%: | 100 |
| Avg$Win: | 512 |
| Avg$Loss: | 0 |
1 hour ago
Tuesday, January 28, 2014
Tues. 1/28
1:40pm CST - Yesterday repeated, but instead of taking 3:35 minutes it took 7:18 instead. I decided to delete the "R:R" at the end of my daily table. I will likely just add this in on the monthly summaries instead as it's too meaningless to look at daily. Plus it's easy enough to just divide Avg$Win by Avg$Loss to get the ratio.
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That was the exact comment I was going to make about the r:r stat you added. It's fine to look at r:r overall (for the month/year or whatever) but wrt a particular day and trying to use it as something to 'aim' for is completely meaningless bec you can't aim for a particular G/L ratio in a day. (To the extent it makes you try to shape the ratio and convinces you to hold longer on G runs and min L runs it might be helpful though.)
ReplyDeleteMuch agreed - managing to a R:R is completely arbitrary. Let the market dictate the exit, and your entry methodology anticipate entries at locations that will provide little risk and maximum profit. The R:R then takes care of itself.
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