Use 'R Value' to unify your risk language
Many people, when discussing trading, only say 'made 200U, lost 500U', but this is not helpful for strategy optimization.
I prefer to use 'R Value' to measure:
1R = the maximum planned loss for this trade;
Stop loss hit = -1R;
Profit 3 times stop loss = +3R.
By compiling this data, you can see:
What is the average profit R value?
What is the average loss R value?
Is the total R value for the month positive or negative?
As long as you achieve:
The average profit R value is significantly higher than the average loss R value,
even if the win rate is average, your system still has the potential for positive expected returns.
This is 'using a unified unit to manage all trades'.
#ProfitLossRatio #RValueManagement
