If you win £10 and lose £10, 10/10 = 100%. If you win £10 and don't lose anything, 10/0 gives you an error but amounts to infinity more than zero.Morbius wrote: ↑Wed Oct 21, 2020 5:07 pm
Derek... I don't quite follow what you've just said... Could you give an example please
Profit to Loss Ratio's
Derek27 wrote: ↑Wed Oct 21, 2020 8:33 pmIf you win £10 and lose £10, 10/10 = 100%. If you win £10 and don't lose anything, 10/0 gives you an error but amounts to infinity more than zero.
Right so that's the maths part of it clear in my head.....now could you explain to me why do it Derek
Why do what?Morbius wrote: ↑Wed Oct 21, 2020 8:45 pm
Right so that's the maths part of it clear in my head.....now could you explain to me why do it Derek
Every day I run a report on my database listing today's meetings in order of P/L ratio and list my average profit per market (or on the last 25 markets) so I can see where I do best. It's all relative, my overall P/L ratio may be of interest but wouldn't be useful to me.
- firlandsfarm
- Posts: 2722
- Joined: Sat May 03, 2014 8:20 am
Although I don't trade I'm interested you compare meeting by meeting ... wouldn't race type (or maybe even trade type) be more relevant or do you find that the meeting venue can affect the trading pattern more?
Personally, I couldn't distinguish trade types because not every trade is strictly a scalp, swing or otherwise. The market doesn't never behaves exactly the way you're expecting it to after opening a trade so I like a degree of flexibility to change plan.firlandsfarm wrote: ↑Fri Oct 23, 2020 5:20 amAlthough I don't trade I'm interested you compare meeting by meeting ... wouldn't race type (or maybe even trade type) be more relevant or do you find that the meeting venue can affect the trading pattern more?