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    • Regrouping Legs to Different Open Positions
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  • Wingman Concepts
    • All Metrics & Terms
      • Account (Brokerage)
      • Account Balance (Net Liq.)
      • Amount
      • Annual Expected Range
      • Badge - Expiring Soon
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      • Close Date
      • Closed Position
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      • Daily Expected Range
      • Daily Return
      • Days in Trade
      • Deposit (Withdrawal)
      • Entry Date
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      • Notes
      • Original Cost
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      • Strategy
      • Tag (Position)
      • Transaction
      • Underlying
    • Position Hierarchy (Group Structure)
  • Error Resolutions
    • Wingman Doesn't Accept Trading History
    • Formatting Trade History Columns (TD Ameritrade)
    • "Can't Filter Underlying by CSV"
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  1. Wingman Concepts
  2. All Metrics & Terms

Daily Expected Range

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Last updated 5 years ago

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The standard deviation of the last 30 Daily Returns from account balance entries. It is only "Daily" if account balances are entered daily. If you enter them weekly, for example, this would be your weekly expected range.

A standard deviation, or expected range, means the actual number should fall within the range 68% of the time. So in this case, based on your previous account movement, you can expect your to have a within this range on 68% of days.

Ultimately, it's a great risk measure to compare to other traders or across your multiple accounts if account balances are entered consistently. Just make sure whatever your comparing is also entered daily (same interval).

Account Balance (Net Liq.)
Daily Return