Info!! The Importance Of Keeping Score

How much produce yous know nearly your trading?

* Take the absolute value of your daily gains in addition to losses in addition to dissever them past times your full portfolio value. How much of your portfolio are yous putting at opportunity each twenty-four hours on average? 1%? 3%? fifty solid set down points? How has this changed over time? How does this alter when you're making money? Losing money?

* Take a await at the 10% of your largest trades (i.e., when you've taken the largest positions). Have those tended to survive winning trades or losers? Do yous lead maintain a greater border when you're to a greater extent than aggressive or less?

* Take a await at your trading results every bit a constituent of twenty-four hours of calendar week in addition to every bit a constituent of fourth dimension of day. Do yous merchandise improve at for sure times than others? Take a await at how yous initiatory off a day, week, or month: does this impact how yous merchandise subsequently, in addition to does that impact your overall profitability?

* Take a await at how long yous concord winning trades vs. losing trades. Do yous become out of winners quicker than losers? Do yous lead maintain a small-scale pose out of large losing trades that yous concord good beyond your average asset fourth dimension per position?

* Take a await at your trading results after a downwards twenty-four hours or a downwards week. Does beingness downwards impact your trading? Do yous merchandise improve or worse when you've lost coin the twenty-four hours or calendar week before? How nearly trading results after an upwardly twenty-four hours or week? Do yous merchandise improve or worse when you've been making money?

As I emphasized In my recent post, I mentioned ii real overnice resources for tracking your performance. Another tool yous mightiness desire to reckon to rail your functioning is the Trade Performance programme developed past times Steve Geringer. In add-on to helping traders rail their functioning every bit a constituent of appointment ranges, safety types, symbols, etc., Trade Performance doubles every bit a tool for journaling, merchandise planning, opportunity management, in addition to describe of piece of job organization planning.

Steve is making Trader Psychometrics
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