When you first start trading, especially quant type trading, you learn about Win Rates. This is the percentage of time you have a winning trade. If your trade is successful half the time, your win rate is 50%. What you quickly learn is that you don’t need a big win rate to be a great trader. Sometimes you can win 20% of the time and still be God Tier — the key is making your winners big and your losers small. This is why it’s important to measure your progress with different metrics. How much...