I really liked your reply here. Optimization is great, but it's not just a stats thing...your head needs to be treated just as carefully.

You've referenced working on letting your winners run a little more. Have you experimented with tighter stops or getting more efficient entries? I came across an exercise by Mike Reed / Lance Beggs talking about training themselves to both enter at better points and limit risk by trading on demo, setting a stop of -3-5 ticks and manually exiting at -1-2 as soon as ideas weren't going their way. It's not meant to change one's system, just learn to get better entries and pull the trigger quicker (both on entries and defensive covers).

That may not necessarily fit you, but I can see your numbers improve dramatically with a slightly better W/L ratio (I'm really looking at July's expectancy). As you mention in a different post, there's a lot of variability across your months....but a few tweaks to your risk, especially defensively, might help.

Really enjoyed reading your journal and looking forward to more. It's great to see your numbers improving pretty steadily.

great journal John.May i ask where is your spreadsheet from?Ive never done a spreadsheet, and im thinking its time
Bob

Thanks, Bob. The spreadsheets I make myself w/ google docs. I'm no good compared to the average 25 year old but I had to learn some basics for my businesses. All of the are pretty crude, which is why I'm constantly updating them, trying to get something more durable that I can grow with. If you use Ninja 8 I can share them with you, you can cut and paste from there....though truthfully, Ninja has a pretty solid journal built in....the only problem (for me at least) is you cant separate out commissions...for where I'm at right now in the Micro the $ is just a distraction, it's all about building a positive expectancy in ticks.

i am using NT8.So, youre saying that ninja has a spreadsheet?I trade Forex for now , as it enables me to trade live without risking alot of $.After watching FT 71 webinar, i kinda thought it might be time to do a spreadsheet
Bob

The trade report. It gives all the stats just in a different form. Most of what my sheets do is just the same thing but separate commissions to give stats in ticks only.

I'd be happy to share any of those with you if you'd like. To make them work for FX they'll need a little tweaking but shouldn't be bad. I'd really recommend getting a handle on some basic excel, just a little goes a long way for something like this. I had no excel experience and over the last few years learned because I needed to created metrics for my business, and it's not too tough.