Expectancy is the map. The path is survival — and only those who can survive it endure. Expanding on Expectancy vs. Survival In our recent post, Expectancy vs. Survival — Why the Outlier Hunter Thinks Differently, we challenged the industry’s...
Ask most traders how to measure an edge, and they’ll point you to expectancy: Expectancy = (Win% × Average Win) – (Loss% × Average Loss) It feels neat, logical, even scientific. If the number is positive, you supposedly have an...
