One of the best ways of agreement your trading--and your trading psychology--is to collect information on your trading. There are many metrics available for agreement your trading patterns (see the links below), only hither are a few odd metrics that I've works life to last peculiarly illuminating:
1) P/L for Your Largest Trades - When you're at your most aggressive, create yous brand coin or lose? Are yous aggressive because yous run across genuine opportunity, or are yous aggressive out of frustration?
2) P/L for Your Most Active Trading Days - When you're placing to a greater extent than trades, create yous tend to brand to a greater extent than money, or create the added trades detract from profitability? Are yous trading to a greater extent than because to a greater extent than is going on inwards the markets, or are yous trading to a greater extent than for reasons other than opportunity?
3) P/L every bit a Function of Market Condition - How much coin create yous brand inwards volatile markets? Quiet ones? Range days? Trending markets? Breaking downwards P/L yesteryear marketplace weather condition tin ofttimes highlight trading strengths every bit good every bit vulnerabilities.
4) P/L every bit a Function of Time of Day - Very often, traders perform differently inwards the morning, midday, in addition to afternoon, every bit institutional participation (and marketplace movement) varies alongside the clock. Tracing P/L every bit a component of fourth dimension catamenia tin likewise highlight strengths in addition to render guidance for when yous may desire to merchandise most aggressively.
5) P/L Following Winning in addition to Losing Days - How good create yous merchandise later a winning solar daytime (or week)? After losing days or weeks? Do yous transcend away to a greater extent than cautious later losing periods, to a greater extent than aggressive, or create yous merchandise the same? Do yous tend to lose coin later winning periods, or create yous merchandise alongside greater confidence in addition to flexibility later a light-green period? Patterns of winning in addition to losing ofttimes reverberate a trader's psyche: peril aversion, overconfidence, frustration, etc.
Coaching yourself begins alongside self-understanding. The to a greater extent than yous know nearly your trading patterns, the to a greater extent than able yous volition last to educate upon strengths in addition to right (or move around) weaknesses. The best means to non right a work designing is to last unaware of it.
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