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JRF
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JRF Jul 19, 19 7:56 PM

Thanks for the video.

MichaelPuett
MichaelPuett Oct 02, 19 11:53 PM

That sting of losses chart is really interesting... I cant help but critique, its in my blood...a few thoughts - 1. might be better to look at the median. If you were to take 5 trades, 1 is a 300% winner and 4 others are 5% winners the average is 64% gain. Is that more telling or is the median more telling? I ague for median. 2. average gain can be lower than average loss and you can still be profitable - depends on position size. 3. I guess profit factor is one of the most telling traits of 'le

kylecw2
kylecw2 Oct 19, 19 3:58 PM

@MichaelPuett I agree the median is useful in that sense. In the part 2 version of this video I talk about finding outliers like a 300% winner in your example. So all a matter of preference, I'd rather use average percent and then take note the outliers if I see any. For #2 if you mean average PERCENT gain being smaller because of position size then yea that is true but in if you mean just dollar gain smaller than dollar loss that doesn't seem possible considering the size of your gain or loss i

kylecw2
kylecw2 Oct 19, 19 4:00 PM

is correlated to the position size you take.

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Received 134 Karmas
Peachtart
Peachtart Jun 06, 12:30 PM

Love this one Jack. Helps so much. When I started, I would look at charts and they would sort of swim before my eyes. Had no idea what to look for. You've helped me a lot to have some clarity with this. Thanks so much.

trey_c
trey_c Jun 15, 11:48 PM

Thanks Jack!

night_knight
night_knight Jun 27, 1:30 PM

thanks! Got to keep watching these OTC stocks over several days too, and keep those patterns in mind, not just intra day. Good point!

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