Corey linked to this interesting Applet. It seems to have some built in assumption about the variance of the amount won or lost.
Plug in Win/loss ratio of 0.85 and Win per cent of 0.61 to see my performance so far trading NQ futures. If I stick to that I should do OK. This is especially cheering after another dumb trade this evening (in Australian futures). I knew my models weren't any good for trading the Aussie futures, but I still tried to do it instead of just doing a very short-term opportunistic trade based on very short-term technicals, which has worked so far. Within a minute I knew I was wrong, but hung on.... Can't seem to do anything right this month.
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