Giant steps are what you take, walking on the moon…
The monthy recap for April 2023 is here.
Each month, we share a recap for the previous month to give you an idea of theoretical performance. This monthly summary report can also help you decide which of our analysts ideas to use for trading crypto futures. The trading ideas in this recap are available in Filthy Rich Premium.
How we log community trading ideas
Many groups claim to have high win rates but not many can actually back up their claims. At Filthy Rich Futures, we log all trading ideas and review their results. Whether these results are satisfactory or not, we share them openly so anyone can get an idea of potential performance. This monthly recap is a great way to gain insight in potential return on investment.
Our scoring system is simple and intended to give a high-level overview. The following metrics are being used:
Number of trades and Win Rate
- Number of trades (and number of trades per day)
- Number of wins vs. losses
- Win rate
Profit and Loss (PnL)
- Average PnL percentage
- Highest win percentage
- Worst loss percentage
- Average PnL percentage ratio
We emphasize using good risk management. Part of that is smart use of leverage. When leverage is high, we say the analyst is difficult to follow (high risk). When leverage is low, we say the analyst is easy to follow (low risk). Easy and difficult are relative terms. There is no substitute for applying a risk management strategy.
None of this information is intended as absolute truth. Instead, it’s a high level indication of what is possible. There are many factors at play, like arbitrage, time delays (entering late), human error or the difference between isolated and cross margin mode.
In other words, this is not a promise of high returns. It’s a historic view at performance and it’s biased at best. Any measuring system’s output is relative, so please regard it as such. The use of this information is subject to our terms and conditions.