|
Re: Holding Yourself Accountable
Torero, I like that idea since I believe it would add a lot of credibility and it would take the whole accountability idea to the next level. It also goes in with something I had jotted down, so here it is.
We could continue to use the community format, but have it broken down into private groups. That doesn't mean "Group A" or "Group B", but simply a network of people you trust. Therefore User A, could be in a network with User B and User D, but not User C. But User C could have both B and D. If that makes sense... This way the people you can work with could be unlimited, or as private as you wish. Some people don't wish to share a lot of their information with people, whereas others are more open about it.
On a day to day basis I used the template I posted earlier, and it worked out fairly well. There are a few things I would change, but I like the idea of journaling each trade, grading it, and having my P&L. From there, we could log it on the website or excel and have it automatically track basically everything. This way we could see what days we trade best on with each setup, how our overall performance is going, etc.
Then I took some of the ideas the trading blog had about the A-F system. I decided that the trader could grade himself on an A-F basis. He could use his overall trade grade, say a 4 for the day, to help determine his overall grade. But ultimately he could grade himself based on how well he saw opportunity, his emotion, or whatever else is bothering him. Then he could write down comments and possibly find patterns that affect his trading and immediately adjust/create goals to overcome the shortfalls.
|