Expectancy
Posted on March 9, 2006
Tags: Day Trading, Trading Plan, Trading Resources |
I was looking at my stats yesterday and the calculated expectancy (TraderMike’s explanation is really succicnt) and I realised that I’m not quite sure what it means. Sure I can tell if it’s positive or negative but beyond that I have no clue what it “should” be or what’s the typical expectancy for stock day traders, is it 0.2, 0.8 or 2 or in a totally different scale? If anyone is willing to shed some light on this (anonymously or not) then I think that would be really interesting.
Comments
2 Responses to “Expectancy”
Leave a Reply
-
About
I'm a stocks and futures day trader. I trade for a living in Thailand (Bangkok) and this blog serves as an outlet for myself to record my musing, ramblings and occasionally trading activity.
-
Search
- Stocktickr- my trading journal
- QuoteTracker - My charting app
- InteractiveBrokers - My broker
- Recommended trading books
- TI Intraday Stocks Scanner
- dotServing - hosting this site
-
Archives
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005
- August 2005
- July 2005
-
Admin
Contact
Sponsored Links
InformedTrades filters and re-organizes information on the markets to help traders learn, and publishes original videos for beginners. See our simple explanation of the subprime crisis.
Get pay day loans upto $750 next day.An easy cash advance is the fast and easy solution to your immediate financial needs.
My Resources
When discussing expectancy in his book, Financial Freedom Through Electronic Day Trading Van Tharp made the comment that 0.75 was an excellent level.
Thanks Mike. So I still have a long way then ;)