Someone was trying to sell a course that scalps for 3 ticks on the ES with a 5 tick stop loss. Then someone asked "what's your win rate?" and he said "about 80%." So how much money do you think you could make if that win rate is achievable? Does that include commissions and taxes?
Use this spreadsheet to find out the answer to this and the profitability of other profit target/stop loss/win rate scenarios. Of course this does not include draw down or any Monte Carlo scenarios but this is useful for quick math situations.
August 2nd, 2011 04:29 PM hohnsolo This book looks interesting and very relevant. The author is new to me and I look forward to exploring more. Thanks f
January 10th, 2012 06:06 PM asynchronous An accurate description of myself 4 months ago. My solution however was to automate as much as possible and reduce pure
discretion - I still have screaming fits when I loose - oh well!
June 22nd, 2011 01:22 AM anituchka great advice, thanks!