6 weeks with the new rules. 182 trades. $45,000 profit. 2 red days. $300 avg risk. Increasing from $100 risk to $700 risk currently. Probably another month until I get back up to $1.5k risk. Still making improvements to the rules. Last weekends tweak paid off big time this week.
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Winrate is only 42.5%. Kind of blows my mind. I always focused on having a higher win rate previously, which just led me to hold on to losers and take bigger losses.
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Risk-reward ratio is 2.45. Profit factor is 1.81. Zephyr K-ratio is 5.62 which I believe is very good, anything over 2 is good.
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And my average hold times are way, way down. 8 hours on the winners and 3 hours on the losers. Actual hold times are way less, but swing trades skew the results pretty drastically. Previous hold times were 22 hours for winners and 12 hours for losers.
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And while these current results are great, what I’m most excited about is my potential to really be able to scale up with this system. I’ve always been focused on pnl during trades previously, and that made it really hard for me to cut losses when my risk got over $1k.
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And the focus on pnl also left me giving back too much unrealized profits holding on too long even with profitable trades, trying to hit some arbitrary number. Now I don’t even care about my pnl during the trade, I’m focused on good execution and following my rules.
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I believe this is going to let me scale up as big as the setup and liquidity will allow. This is what I’ve always been aiming for. With card counting, the system is easy and fixed. Everything is about bankroll management and sizing. Now I can finally apply that to trading.
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@SublimeTrades
I love when trading equity curves look just like winning poker charts, super cool
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@SublimeTrades
42%, that's good to hear. You want to be used to losing and totally cool with it. Too much green is paradoxically bad.
2.45 means average win is 2.45x average loss?
You don't have to answer but what's your average % gain?
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@85_saw
Yes, my avg win is 2.45 times as big as my avg loss. And thanks for reminding me about the avg win percents. My avg win on my long trades during this time has been 9.04% with avg loss of 2.44%. And on shorts the avg win is 4.37% and avg loss 1.87%. Winrate on shorts is 68%.
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