Win rate is the percentage of your trades that close at a profit. It's calculated by dividing the number of winning trades by the total number of trades you've taken, then multiplying by 100. Traders track win rate because it reveals how frequently their strategy produces profitable outcomes, which helps assess consistency and refine entry and exit rules.
Mantis tracks win rate automatically — log each trade once and the number is calculated for you on iPhone.
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Win rate = (Number of winning trades ÷ Total number of trades) × 100. For example, if you took 50 trades last month and 32 of them closed in profit, your win rate is (32 ÷ 50) × 100 = 64%. This means roughly two out of every three trades were winners.
Win rate shows how often you're right, but it doesn't tell you how much you make or lose on each trade. A 70% win rate sounds strong, but if your average loss is three times your average win, you'll still lose money overall. Win rate is most useful when paired with metrics like average win size, average loss size, and profit factor to understand the full picture of your edge.
There's no universal "good" number—it depends entirely on your risk-reward ratio. Day traders using tight stops might need 55–65% to stay profitable, while swing traders risking less per trade can succeed with 35–45% if their winners are much larger than their losers. A sustainable win rate is one that matches your strategy's reward-to-risk profile and keeps you net profitable over many trades.
Not necessarily. A 90% win rate means little if your few losses wipe out all your gains. What matters is the combination of win rate and how much you make when you win versus how much you lose when you're wrong. Many profitable traders have win rates below 50% but let their winners run much larger than their losses.
Win rate only counts how many trades were profitable, not how profitable they were. Profit factor divides your total gains by your total losses, showing whether you're net profitable overall. You can have a high win rate but a profit factor below 1.0 (losing money), or a low win rate with a profit factor above 2.0 (making good money).
Absolutely. Win rate fluctuates with market conditions, your discipline, and how well your strategy fits the current environment. Tracking it over rolling periods—like the last 30 or 100 trades—helps you spot whether your edge is holding up or if you need to adjust your approach.
Yes, whether you day trade, swing trade, or invest long-term, win rate measures the same thing: the percentage of positions that closed profitably. The benchmarks and importance vary by style, but the basic calculation remains consistent across all approaches.
Important: Mantis is a trading journal and analytics tool. This page is not investment advice, not financial advice, and not a recommendation to buy or sell any security or instrument. Trading involves risk; past performance does not guarantee future results. Consult a qualified professional before making financial decisions.