The Math of Winning
Listen now
Description
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.
Mathematical Formulas:
WinRate = (WinningTrades ÷ TotalTrades) x 100
MinimumWin% = Risk ÷ (Risk + Reward) x 100
AverageGain = WinningTotal ÷ TotalWinningTrades
AverageLoss = LosingTotal ÷ TotalLosingTrades
Expectancy = ((1 + (AverageGain ÷ AverageLoss)) x WinRate) - 1
Zen & The Art of Trading:
Courses & Free Content!
Episode Links & Resources:
Original Blog Article
Jordan Peterson's Rat Lecture
Akil Stokes: Why I Prefer NOT To Win Big
Rayner Teo's Risk:Reward Article
More Episodes
There are many common themes and threads among the world's most successful traders.
The self-discipline and self-awareness to conquer the markets and themselves, the self-confidence and openness to take risk, the humility to accept losses and know when they are wrong, and the endurance to take...
Published 05/01/23
Published 05/01/23
This episode explores my theory and ideas around the high failure rate in trading. I don't believe traders fail just because of the technical reasons. They say 90% of traders fail at trading, but is this because trading is extremely difficult, or is it because only certain types of people have...
Published 07/01/22
Links
Twitter
Facebook
Instagram
Patreon
Genres
Artwork or description wrong?
Request an update »
Updates may take a few minutes.
Do you host a podcast?
Track your ranks and reviews from Spotify, Apple Podcasts and more.
See hourly chart positions and more than 30 days of history.
Get Chartable Analytics »
See hourly chart positions and more than 30 days of history.
