Overall statistics after first 100 trades and 52 trading days:
52 trading days: +35.5R average day +0.68R
100 trades: 51 winners , 49 losers = win rate 51%
average trade profit: +0.35R
average winner 1.65R
winners together: +84.3R , losers together: -48.8R , profit factor: 1.72
risk level 2: 40% of the next risk level and 35% of the Main Goal +100R.
Trade 1-100 statistics :
Trade 1-25 stat: +4.8R , 10winners/15 losers 40% win rate, +20.2/-15,4, profit factor 1.31 , average trade profit: +0.19R
Trade 26-50 stat: +12.6R , 15 winners/10 losers 60% win rate, +23.6/-11 profit factor 2.1 , average trade profit: +0.5R
Trade 51-75 stat: +9.8R , 13 winners/12 losers 52% win rate, +22.1/-12.3 profit factor 1.8 , average trade profit: +0.39R
Trade 76-100 stat: +8.3R , 13 winners/12 losers 52% win rate, +18.4/-10.1 profit factor 1.8 , average trade profit: +0.33R
Trade 1-100 stat: +35.3R , 51 winners/49 losers 51% win rate, +84.3/-48.8 profit factor 1.72 , average trade profit: +0.35R
My main goal to learn my setup and show myself that i have edge in the market. I need to reach +100R trading profits, this +100R shows (if I reach there) that I have clear edge in the market. It takes more than 3 months (full earnings cycle), superb if I reach there within 4-5 months. Maximum is 8 months to show profitability ( +12.5R month average ). I start with 5 dollar risk and raise risk if I reach +25R (risk level 1 is 5 dollar 0-25R, risk level 2 is 12 dollar 25-50R, risk level 3 is 25 dollar 50-75R, risk level 4 is 50 dollar 75-100R)
Minimum acceptable profitability:
average trade: more than +0.2R profit, superb would be +0.5R or more...
and I want to see win rate 50% or more (this shows that I take quality setups)
profit factor more than 1.5