Don_xyZ wrote:Wizzlebizzle wrote:Don_xyZ wrote:
Wow, R below 1? Is that sustainable?
Hi Don, welcome
Who knows, so far it is just about sustainable
I don't really look at R:R, maybe only as a hindsight analysis of a larger sample of trades.
In and of itself a R below 1 doesn't mean anything. Only when u pair it with a win/loss rate can u get something meaningful out of it.
This particular stop hit my disaster stop. On most trades I will be about way before that point, and in this case I did also put on a counter so the loss was actually less.
Having said that, I'm just trading this way now to get two things consistent: 1. Accurately determining and adhering to a directional bias. 2. Finding and entering on Zlines. It might wel be an overal losing proposition, but so far it's doing OK and I have good faith in the approach.
I'm keeping track of the things I do wrong and im scoring pretty high on the "Got out too soon" so that is for me to work on..
What is your view on it?
Yes of course, Like Alias said, your win rate must be very high then. Good for you
Everyone left something on the table and that's normal. Also, you're doing counter and that's a plus. It's like a plan B.
In a 1R you need about 55% depending on style, spead, and commissions to be profitable. Thats not sniper territory. If you can get a 1.5R average with 60% accuracy then make space in your vault for the cash.
