August 2009 Trading Profit is UP 129%. That's 16% per Month.
Trading Performance must be managed at 2 levels: Portfolio and Trade specific.
Portfolio Measure: Profit/Start of Year Cash Balance = $75,519/$58,381 = UP 129%.
Key Trade Performance Metrics:
Win/Loss Probability = 54/59 = 91.53%.
Average Win/Average Loss = $1,437/$413 = $3.48 Won per $1 Loss.
Performance Ratio = (Win/Loss Probability) x (Average Win/Average Loss) = 91.53% x $3.48 = 3.18.
Positive Expectancy = (Win Probability x Average Win) - (Loss Probability x Average Loss) = (91.53% x $1,437) - (8.47% x $413) = $1,280 per trade.