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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: F Robert Simms who wrote (39571)10/29/1999 2:42:00 PM
From: Matthew L. Jones  Read Replies (1) | Respond to of 44573
 
Robert,

My reading indicates that the longer swings you play, the lower your win/loss ration (however, the larger the average trade). Quite a few very short term traders have high win/loss ratios, however the wins tend not to be as big. The slightest move against them and they bail out, often missing the remainder of the swing. Just today, I left over 3 points on the table on a winner because I stopped out.

Probably until I get very comfortable trading this market, I will keep extremely tight stops and play the very short term plays. BTW, 16 straight winners is awesome! Particularly with the larger stops he is using.

Thanks for your input. Matt



To: F Robert Simms who wrote (39571)10/29/1999 8:33:00 PM
From: Patrick Slevin  Respond to of 44573
 
I followed this back by chance. Somehow read the next post after mine and traced it.

A day trader needs roughly a 70% ratio. a good position trader can work off 40, 45%.

Daytraders use 68 and up.

The reason why the higher number is the fact that one is working off tighter margins.

Another thing about SnP traders? They have to have thick skin.