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The red line is a slightly better represenation of how well you've done than the green line, because it eliminates one specific type of luck: the cards that come on the board after you and your opponent have moved all-in.
But there still remains a number of random factors which it doesn't take into account at all. For instance when you get dealt KK vs AA many times in a row, your red line will fall like a stone even though you probably didn't do anything wrong.
Following these lines and their difference etc. will quickly become an obsession and will create tilt. Here's an excercise: play 100 tournaments without following your results at all, whether in the tracker or in the cashier window. It requires some mind-power, but it will make you a better player.
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