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30 thoughts on “The metrics of a profitable trader – behind the trades – ep. 8”
  1. Avataaar/Circle Created with python_avatars @chrch3218 says:

    I’m new and don’t have the money to buy a scanner yet are there any good free one to recommend?

  2. Avataaar/Circle Created with python_avatars @smokeypeatesp3636 says:

    Just get a Lambo Ross get it over with.

  3. Avataaar/Circle Created with python_avatars @smokeypeatesp3636 says:

    In my book your an 18.

  4. Avataaar/Circle Created with python_avatars @smokeypeatesp3636 says:

    Well said i understood everything clearly. I pause look at the charts then hit play repeatedly.

  5. Avataaar/Circle Created with python_avatars @philipjohnson3579 says:

    does paper trading count?

  6. Avataaar/Circle Created with python_avatars @theotherkevin5642 says:

    Are all these numbers the same for the Profit Trifecta? Or have you tweaked them over the years?

  7. Avataaar/Circle Created with python_avatars @Michael-yb5md says:

    so far after 13 trades…69 percent number of winning trades…but my p/l ratio is poor…63.50 average winning trade, compared to minus 72.50 losing trade…i want to have a 2:1 profit loss ratio per warrior trading! so i will cut my losses at 15 cents a share, and my target is to gain 30 cents a share, until i can have more buying power in my cash account (still papertrading)

  8. Avataaar/Circle Created with python_avatars @benjaminzitaner7174 says:

    Love this thank you ross!

  9. Avataaar/Circle Created with python_avatars @vixor2443 says:

    Shut up

  10. Avataaar/Circle Created with python_avatars @jcliff8692 says:

    What is your average hold time? Thanks

  11. Avataaar/Circle Created with python_avatars @eyeofsauron5189 says:

    I think there are two missing factors in the metric which is risk and number of trades. Even if you have good risk to reward and win rate, if you don't size your position correctly one losing trade can wipe out a lot of gains which happened to me before having a rather heavy position size to a losing trade.

  12. Avataaar/Circle Created with python_avatars @He1boy says:

    But really, it's the Tesla Roadster 2.0 that really gets your goat. Right?

  13. Avataaar/Circle Created with python_avatars @alwayshumble6827 says:

    Sir,
    I am making profit every morning, but I am getting carried over and I lose everything after 10. AM. There is a problem for me that I am making small profits in the morning. That is why I am getting carried over. Plz help me sir, I am from India.

  14. Avataaar/Circle Created with python_avatars @jslang7653 says:

    what type of mutual fund do you suggest Ross?

  15. Avataaar/Circle Created with python_avatars @peterfiorella8456 says:

    First, Ross is great trader given his style of trading. Granted it's not for everyone and I trade differently and is the reason for this post for new traders trying to get their legs underneath them to build a foundation to trade successfully.

    With that in mind, my trifecta score is 18. My winning percentage is 84%. My profit loss ratio is 3.26 with 8 consecutive winning weeks. My KEY is patience and waiting for a trade to set up. In order for that to happen effectively, you need to slow things down.

    For example, if you feel things are moving so fast that you just can't see what's happening OR are chasing trades to end up losing money, then you need to practice more but slow the time down where you can see visual a clear pattern and entry and exit point is the difference. For example, in professional sports, the game slows down once you learn what to look for and practice repeatedly.

    With that said, using a 5 minute chart helped me tremendously even thought now I primarily use a 2 minute chart. I still cannot use a 1 minute chart and do not think that is where any new trader should start. Slow the stock charts down and then utilize MACD and Stochastic to help better inform you as to entry/exit points.

    Listen to Ross too. He provides practical advice as I watch his videos regularly even though I trade differently.

  16. Avataaar/Circle Created with python_avatars @miketeacherabc9508 says:

    What is the best account to trade if you are based in UK?

  17. Avataaar/Circle Created with python_avatars @smore8868 says:

    G day, For ur style of trading, ur winning ratio gets higher ? If let's say u trade with Daily charts only -long term trade.

  18. Avataaar/Circle Created with python_avatars @stockspicker says:

    I have 2 questions: 1. I have purchased a stock at lets say $1.80 going into the close and it goes to $1.90 by the end of the close and I hold overnight. The next morning they have a 10 million share offering at $1.50. Do you hold stocks overnight? 2. Do you ever buy or sell before the market opens or after it closes? Thanks!

  19. Avataaar/Circle Created with python_avatars @thaiiexpat10 says:

    Question – To get to $300 / day avg profit..with experience… training..
    Based on your strategies / stocks you go after..

    How much cash do I need to invest to get to such an income?
    ( I will be living in Thailand. My goal of $300 is more than enough to live well in Thailand)

    $20,000; $30,000, $40,000 ? or more..

  20. Avataaar/Circle Created with python_avatars @AnthonyJames7 says:

    Ross, one of my current goals is to provide results so good that you'll have to feature me as well 🙂 I'm getting there!

  21. Avataaar/Circle Created with python_avatars @chrishansen5513 says:

    Hi Ross!
    Continue to enjoy the chat…your daily lessons…and the members' comments…great stuff…
    Question: I'm using TC2K…I really like this software…mainly from the programmable perspective…
    This platform have quite a range of time frames…I'm using the 3 min…I like it very much…and too…it is not nearly as common as the 1 or 5 minute tf…

    What do you think of the 3 minute time frame?

    First "official" week in the TC2K sime…I'm 2nd level beginner…hoping to be intermediate by end of 2nd month…we will see…

    Thanks in Advance,
    CH

  22. Avataaar/Circle Created with python_avatars @lt_trades2829 says:

    Could you tell what office chair you use? or would recommend? Because we spend most of our time on them. Thank you for everything you do! please

  23. Avataaar/Circle Created with python_avatars @steveh4595 says:

    In a trading system which has a positive expectancy (i.e., a winning system), the average win/loss ratio and the winning pct are inversely related to one another over the longer term. They are not related to trading experience level.

  24. Avataaar/Circle Created with python_avatars @nicsantarpia8119 says:

    Would you consider Thinkorswim a good platform for beginner traders?

  25. Avataaar/Circle Created with python_avatars @eestivanquisher says:

    hi i am really curious about this because i struggle with this. if you have a small account, it takes 3 days for the funds to settle on my account before i can make another trade. how did you make 25 trades with $500 in a week?? should i be using a different account? i currently use an individual brokerage account with e-trade.

  26. Avataaar/Circle Created with python_avatars @mattportnoyTLV says:

    I figured I'd be a 6 at best, but surprisingly enough I'm an 8. I still have TONS of self improvement to work through. Psychology and self discipline are my two biggest weak areas.

  27. Avataaar/Circle Created with python_avatars @jackielynn2820 says:

    I have been studying the charts and level 2 data as orders are going in and I have noticed that on some stocks it seem to me that going up or down is not balanced, in other words I have seen orders that move a stock down and the same amount of orders will not move the stock up the same amount and vice versa. Do you know why, Ross. Any explanation will help me to understand the phenomenon.

  28. Avataaar/Circle Created with python_avatars @NerdistAquarist says:

    Do you factor in commissions when calculating your P&L ratio?

  29. Avataaar/Circle Created with python_avatars @travisirion says:

    Can you review on how to read the medium average and how to know that the trade is going to be potentially profitable from reading the medium average?

  30. Avataaar/Circle Created with python_avatars @mesh475 says:

    Please tell me you bought 10,000 shares of whole foods today.

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