When starting out, it’s easy to fixate on win rates and profits - PnL gain, the latter being important of course. But over time, shifting focus to expectancy and, more importantly, whether I’m respecting my defined weekly, monthly and account drawdown limits is what matters the most. It’s no longer about the outcome, it’s about the process that led there. If the path is sound and risk is contained, the results will follow. Example (not my actual stats) 30% gain, 5–8% DD = Excellent month 30% gain, 10–12% DD = Acceptable, if aligned with strategy volatility 30% gain, 20%+ DD = High risk profile: needs review and adjustment. The Calmar Ratio highlights how efficiently a trader can compound capital without suffering major setbacks. A 30% return with only a 5% drawdown (Calmar = 6.0) is more desirable than a 40% return with a 20% drawdown (Calmar = 2.0). Anyway just a personal aspect I continue to work on trying to reduce variance - the fine margins make the difference Hope it helps.

Probably a bad example but the crypto twitter brain would probs throw a 30% annualised gain with 8% max dd, out of the window.