// Resources
Trading Metrics Glossary
Learn key trading journal metrics: win rate, profit factor, expectancy, R-multiple, max drawdown, and risk of ruin.
Metric guide
Win Rate
The percentage of closed decisive trades that finished as winners.
Open resourceMetric guide
Profit Factor
How many dollars or R you make for every unit you lose.
Open resourceMetric guide
Expectancy
The average amount a strategy expects to make or lose per trade.
Open resourceMetric guide
R-Multiple
A normalized result that measures profit/loss relative to initial risk.
Open resourceMetric guide
Max Drawdown
The largest drop from a performance high to a later low.
Open resourceMetric guide
Risk of Ruin
An estimate of whether your risk per trade is too high for your win rate and payout profile.
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