Most traders think that their win percentage is the most important performance statistic of their trading. The relieving truth is this is not the case. In this episode we explore the subject of winning percentage in great detail and dispel all of the myths you might have been led to believe.
WinRate = (WinningTrades ÷ TotalTrades) x 100MinimumWin% = Risk ÷ (Risk + Reward) x 100AverageGain = WinningTotal ÷ TotalWinningTradesAverageLoss = LosingTotal ÷ TotalLosingTradesExpectancy = ((1 + (AverageGain ÷ AverageLoss)) x WinRate) - 1Zen & The Art of Trading:
Courses & Free Content!Episode Links & Resources:
Original Blog ArticleJordan Peterson's Rat LectureAkil Stokes: Why I Prefer NOT To Win BigRayner Teo's Risk:Reward Article