System turnover question

[Alpha322]

Can someone tell me I work a trading system where I aim for between 10- 20pts return. When I operate the system I prioitise on achieving the 20pts, so after 10 successful trades I achieve £200pts. So is 200 pts my turnover or is it 100Pts as I allow my stop losses at a max of 10pts in other words a 1-2 risk reward ratio


Thanks

[L.o.S]

I'm not sure if you can put turnover in terms of points, to me turnover is how much volume that you put through a market, not the points profit or loss, they are two separate figures.

A company may have a turnover of £1m in the year, and exit with a profit of £150,000 for example.

So if you put £200 through a market and achieved a profit of £5, your turnover would be £200, but your profit would be 5 pts, assuming £1pt.

That's my view, hope it answers your question!

[Alpha322]

I'm not sure if you can put turnover in terms of points, to me turnover is how much volume that you put through a market, not the points profit or loss, they are two separate figures.

A company may have a turnover of £1m in the year, and exit with a profit of £150,000 for example.

So if you put £200 through a market and achieved a profit of £5, your turnover would be £200, but your profit would be 5 pts, assuming £1pt.

That's my view, hope it answers your question!

Thanks for that so then it is what we put through the market, so if a shopkeeper spends say £100,000 in costs on his business and gets out say £125,000 , £25000 is his profit,so how do we know what we put through betfair a month, suppose through the PNL but it would take a hell of a long time to work out

[L.o.S]

I'm trying to work that out myself just now as well, it would take forever to go through the P&L so I'm sure there is a better way. You could try a separate post asking that question on it's own.

Worth finding out though, knowing %age profit on turnover must be a useful tool that I've largely ignored up until now!