Average wins trade.

The sport of kings.
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Szmout
Posts: 2
Joined: Fri Nov 27, 2009 8:50 pm

Hi,
I am a beginner trader. I deal only several months. I have a question. I try full time trade. I check my last 400 trade, and my average wins is 82%. Loose 18%. Is this a good result? The only pity is that the loose transactions are high :( How it looks at you?

Sorry for my english.

Thanks for reply :)
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JollyGreen
Posts: 2046
Joined: Sat Mar 21, 2009 10:06 am

That's pretty good! Peter lists the average winning trade at 80% so you're above average.

You just have to learn to cut out the losing trades a bit quicker.

If you win 1 tick on your winners but lose 4 on the losers then you're only just ahead. If your losers move to 5 then you will find yourself losing overall. A lot of new traders close the winners too quickly which restricts their profit and then stubbornly refuse to close a loser as it gets bigger and bigger!
Szmout
Posts: 2
Joined: Fri Nov 27, 2009 8:50 pm

Thanks for your reply. I usually try to catch 1-2 tick profit. Sometimes I can feel swing and I use. Everyone knows that feeling as the price goes in the wrong direction, but you wait until you come back... It is without doubt my biggest problem. I know that. I have to learn to cut losses. It is exactly as you say, I let the loss to increase and i cut profit to short :)

Very comforting for me is the fact that 80% is a good result.

I also found it much easier to feel drift. I don't know what it depends, perhaps since the drift is more than a steam ... I do not know

Once again, thank you. Any advice is important to me
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

Hi
To some extent the winning ratio (in percentage terms) are irrelevant...so dont get too hung up over them..
I have one auto system that wins on average 46%..but the wins are significantly higher than the losses...so over the course of the month it does ok.
I guess if you are trading manually; the secret is as per the last comment :Cut out your losses early..
regards
Peter
PS One great bit of advice I took from Peters course was about the need for detailed record taking..just recently I was comparing results from April last year with October and I knew why my results were different across the period. Good Luck!
nhughz
Posts: 37
Joined: Fri May 29, 2009 10:41 pm
Location: Manchester

What records does everyone keep??

Currently i record only daily profit/loss and the strike rate of my trades...
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

Hi
If you havent already got it...there is a great spreadsheet on this forum from NigelK. You can easily add extra columns (or worksheets and keep daily notes)..
Regards
Peter
Bet Angel
Bet Angel
Bet Angel
Posts: 4001
Joined: Tue Apr 14, 2009 3:47 pm

Here is the direct link: -

viewtopic.php?f=31&t=133

It's your overall expectancy that you need to get right so bear than in mind. Strike rates will vary with your style.
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