Stocks and Shares · Building an equity strategy · lesson 5 of 9 · 6 min read · David Alexander
Expectancy per setup, across a universe
expectancy per setup
The per-trade worth of one defined setup, computed across every name in its universe that fired it - never per name, never per portfolio. The setup is the repeatable object; names are where it happens to occur; and mixing setups in one number, or crediting one name's outcomes to the rule, are the two accounting errors this unit of account exists to prevent.
This lesson is part of the advanced modules.
Modules 6 to 8 are included with a paid account. The definitional summary above is the whole of this page until then.