Dear All
This message are for those who have systems which are around 70% win rate R:R of 1:1 and where you do around 30 trades per week,
My trading has been going well for 2 months experiencing mostly winning days but in the last 7 days I have experienced 5 losing days which is by far the longest days losing streak and not something i saw in the back testing. Is it normal for a 70% win rate system to go through likea 5-7 days of losses where I am trading about 3-4 trades per day and where the system is operating like a 30% system. Nothing has changed in terms of anything. Just keen to know whether anyone else experiences this type of variance.
Now I understand randomness and that after making £25,000 in last 6o days that I shouldnt be complaining but man when you hit 5 days where it seems like everything is broken, its still a shock to the system.
-£500
£450
£365
-£540
-£250
-£125 (reduced positon sizing by 50% due to a rule which comes in after 2 straight days of losses)
-£250 (reduced positon sizing by 50% due to a rule which comes in after 2 straight days of losses)
Just to help here are my statistics so far for the last 65 days
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This message are for those who have systems which are around 70% win rate R:R of 1:1 and where you do around 30 trades per week,
My trading has been going well for 2 months experiencing mostly winning days but in the last 7 days I have experienced 5 losing days which is by far the longest days losing streak and not something i saw in the back testing. Is it normal for a 70% win rate system to go through likea 5-7 days of losses where I am trading about 3-4 trades per day and where the system is operating like a 30% system. Nothing has changed in terms of anything. Just keen to know whether anyone else experiences this type of variance.
Now I understand randomness and that after making £25,000 in last 6o days that I shouldnt be complaining but man when you hit 5 days where it seems like everything is broken, its still a shock to the system.
-£500
£450
£365
-£540
-£250
-£125 (reduced positon sizing by 50% due to a rule which comes in after 2 straight days of losses)
-£250 (reduced positon sizing by 50% due to a rule which comes in after 2 straight days of losses)
Just to help here are my statistics so far for the last 65 days
| Number of individual trades | 268 |
| Number of winning trades | 187 |
| Number of losing trades | 81 |
| Winning trade percentage | 69.78% |
| Losing trade percentage | 30.22% |
| Average Trades Per Day | 3.88 |
| Number of trading days | 69 |
| Number of winning days | 55 |
| Number of losing days | 13 |
| Break Even Days | 1 |
| Percentage of winning days | 79.71% |
| Percentage of losing days | 18.84% |
| Value of winning trades | £42,500.00 |
| Value of losing trades | £18,480.00 |
| Net Profit | £24,020.00 |
| Profit Factor | 2.30 |
| Value of winning days | £29,820.00 |
| Value of losing days | £4,665.00 |
| Net Profit | £25,155.00 |
| Profit to loss ratio (Day) | 6.39 |
| Average value of winning trades | £227.27 |
| Average value of losing trades | £228.15 |
| Average Reward to Risk per Trade | 1.00 |
| Average value of winning day | £542.18 |
| Average value of losing day | £358.85 |
| Average Reward to Risk per Day | 1.51 |
| Average per day so far | £364.57 |
| Statistical Expectancy Per Trade | 89.63 |
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