In the spirit of the recent transportation service on trading metrics, hither are 3 measures of trading surgery that mightiness go helpful for intraday traders:
1) Profit/loss per round-turn contract (for futures) or profit/loss per shares traded (for stocks). This tells y'all whether the coin y'all were making during the 24-hour interval was consistent amongst your degree of marketplace exposure. To brand $10,000 on 2000 contracts traded is a much improve surgery than making $15,000 on 10,000 contracts traded. Here you're bespeak yourself: did my extra activeness during the 24-hour interval interpret into enhanced performance?
2) Profit/loss per unit of measurement of marketplace movement. Here y'all await at the distance the marketplace has traveled during the 24-hour interval (say, the core of the ranges of the day's 30-minute bars) equally the denominator as well as the profit/loss equally the numerator. This tells y'all how your surgery varied equally a portion of short-term chance inwards the market. Making $10,000 inwards a narrow, attain marketplace is a improve surgery than making $15,000 inwards a volatile breakout market.
3) Number of shares or contracts traded per unit of measurement of marketplace movement. This would render an objective metric for how aggressively y'all traded, whether y'all undertraded opportunity, or overtraded a marketplace amongst pitiful opportunity.
As amongst all metrics, the sentiment is to run across how the ratios await when you're trading good as well as how they await when y'all are inwards drawdown mode. Keeping rails of the stats tin go extremely helpful inwards proactively identifying problems inwards trading earlier they toll y'all serious money.
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