๐Ÿ˜ Stock Market Elephant/The Graveyard Series
The graveyard series ยท part 4 of 6

Win rate is a vanity metric

Aug 18, 2026 ยท 5 min read

Everyone wants a higher win rate. So we bought one, at every price the market offered, and recorded what it cost. Same strategy, same stops โ€” only the profit target changes:

Take profit atWin rateTotal profit
0.5ร— risk66%$4,543
1ร— risk55%$14,096
1.5ร— risk52%$14,557
2ร— risk51%$12,910
3ร— risk / ride to close51%$14,803

The 66%-win version makes less than a third of the money. Every extra point of win rate is purchased by selling a winner early: you keep all the same losers and convert the +2R and +3R days into +0.5R days. The equity curve gets smoother wins and the same rough losses.

Win rate tells you how often you're right. It says nothing about whether being right pays. A 35%-win trend system and a 90%-win option-selling system can both be excellent โ€” and both can be ruinous.

The honest structure of our table: everything from 1ร— to 3ร— is statistically indistinguishable (we ran the formal test; the differences are sampling noise), and below 1ร— is a cliff. So the target barely matters โ€” which itself is informative: this strategy's engine is holding to the close, and the target is decoration.

One real use for the win-rate dial: psychology. If you genuinely cannot sit through a 51%-win system's losing streaks โ€” and at 4 trades/week, losing 5 of 7 happens regularly by pure chance โ€” running 1ร— costs approximately nothing and wins 55%. Just know you're buying comfort, not edge, and decide before you start, not mid-drawdown.

Educational content only โ€” not financial advice; no performance promised or implied. All results are backtests on real CME MNQ data (2019โ€“2026, ~1,900 sessions, realistic costs) and backtests differ from live trading. Futures involve substantial risk of loss.