tag:blogger.com,1999:blog-2626755200685854722.post3620167642433417286..comments2023-07-28T07:42:24.877-07:00Comments on The Trading Quest: +1RR....+2.1RR for the weekPandawarriorhttp://www.blogger.com/profile/10235042735749767551noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2626755200685854722.post-6606762172436571622017-01-30T12:34:51.616-07:002017-01-30T12:34:51.616-07:00No problems Brian! No problems Brian! James Edwards-Marchehttps://www.blogger.com/profile/08729606707965946825noreply@blogger.comtag:blogger.com,1999:blog-2626755200685854722.post-50749696643803839082017-01-30T10:26:42.625-07:002017-01-30T10:26:42.625-07:00Hey James, thanks for that. I appreciate it. I'...Hey James, thanks for that. I appreciate it. I'll play around with those formulas. I'm not a math fan so I'm thinking of just paying for one of those online journal/trade tracker things that does all the heavy lifting for you....but I haven't made the leap yet!!! Thanks again!Pandawarriorhttps://www.blogger.com/profile/10235042735749767551noreply@blogger.comtag:blogger.com,1999:blog-2626755200685854722.post-91501476268154998752017-01-28T09:01:38.025-07:002017-01-28T09:01:38.025-07:00In your above example, what you've actually re...In your above example, what you've actually reported is E (Expectancy) which I've only just realized can be calculated using those three values - Number of trades, Risk per trade and total profits.<br /><br />E= (Avg Win*WR)-(Avg Loss*LR) <br />Also<br />E= (Total profits/Number of trades)/Avg Loss.<br /><br />So, using your example, your E=2 (Extremely good!) but the number of R's you returned= 20.<br /><br />If you put in your WR and LR in the above, you'll see that the two formulas return the same values. If risk is fixed, reporting the 20R figure is more informative IMO, especially when you know that R=X% of your account. (i.e. R=0.125% means making 20R, 20 times your fixed risk, means you made 2.5%).<br /><br />Hope that makes sense!James Edwards-Marchehttps://www.blogger.com/profile/08729606707965946825noreply@blogger.comtag:blogger.com,1999:blog-2626755200685854722.post-89913772548026621132017-01-27T11:18:22.452-07:002017-01-27T11:18:22.452-07:00If it was easy, I'd have done it many moons ag...If it was easy, I'd have done it many moons ago! But in the end, I think it can be simple if not easy. Certain things need to be present to take a trade. If not, no trade. The rest is just mental and emotional. Watching youtube has helped a lot. It takes my mind off the charts. I even put the videos up in front of the charts so I can't see what's going on. <br /><br />I also think I reported the RR wrong. I just added up all the +RR's but thats not really accurate. Its still only about 2.5RR if I add up all the risk in terms of how much dollar risk I took total for the week vs total dollar win for the week. For instance, if I risked a total of $1000 at $100 per trade for ten trades and ended with $2000 in total profit, the its really only 2RR aggregate. I think I will revise my reporting. Pandawarriorhttps://www.blogger.com/profile/10235042735749767551noreply@blogger.comtag:blogger.com,1999:blog-2626755200685854722.post-269563853421201342017-01-27T11:05:36.660-07:002017-01-27T11:05:36.660-07:00Thank you! Being away from the charts is almost th...Thank you! Being away from the charts is almost the best part!Pandawarriorhttps://www.blogger.com/profile/10235042735749767551noreply@blogger.comtag:blogger.com,1999:blog-2626755200685854722.post-37612870733659808192017-01-27T11:05:11.224-07:002017-01-27T11:05:11.224-07:00thank you!!thank you!!Pandawarriorhttps://www.blogger.com/profile/10235042735749767551noreply@blogger.comtag:blogger.com,1999:blog-2626755200685854722.post-51591564925354332112017-01-27T10:10:19.928-07:002017-01-27T10:10:19.928-07:00Congrats! Solid week AND living away from the char...Congrats! Solid week AND living away from the charts...difficult to do but usually brings good results. James Edwards-Marchehttps://www.blogger.com/profile/08729606707965946825noreply@blogger.comtag:blogger.com,1999:blog-2626755200685854722.post-16526115372923006762017-01-27T09:54:10.763-07:002017-01-27T09:54:10.763-07:00Nice job. Have a wonderful weekend.
ShenanNice job. Have a wonderful weekend.<br /><br />ShenanAnonymousnoreply@blogger.com