Aug 2011 Trading Profit is UP 34.40%.
Trading Performance must be managed at 2 levels: Portfolio and Trade specific.
Portfolio Measure: Profit/Start of Year Cash Balance = $17,217/$50,000 = UP 34.40%.
Key Performance Metrics ...
Win/Loss Probability = 49/85 = 57.65%.
Average Win/Average Loss= $587/$321 = $1.83 Won per $1 Loss.
Performance Ratio = (Win/Loss Probability) x (Average Win/Average Loss) = 57.65% x $1.83 = 1.05.
Positive Expectancy = (Win Probability x Average Win) - (Loss Probability x Average Loss) = (57.65% x $587) - (42.35% x $321)= $203 per trade.
NO trade adjustments needed.
For more, visit: homeoptionstrading.com/consistent_results