Traders Laboratory - View Single Post - Best stats for tracking progress?
View Single Post
  #2 (permalink)  
Old 12-13-2006, 10:34 PM
Kiwi's Avatar
Kiwi Kiwi is offline
Kiwi is a dweller in stochastic darkness

Trader Specs
 
Join Date: Oct 2006
Location: Gold Coast, Oz
Posts: 191
Thanks: 28
Thanked 26 Times in 19 Posts
Re: Best stats for tracking progress?

I dont rate by dollars at all.

I rate every trade with 3 numbers (1 is a break of my rules, 2 is slightly faulty, 3 is as it should be). The first number is for the entry. The second for the stop. The third for managed exit.

So a great trade is 333. A very bad trade has a 1 in it.

Anything to do with money takes your focus away from where it should be. Use money measures for weekly reviews etc (IMHO)

Reply With Quote