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Judging success in your trading
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Judging success in your trading

  #1 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received

Judging success in your trading

Hi All,

How do you judge success in your trading?

Personally im always looking for things other than P&L to judge my success. A few examples would be:
- Did I follow my plan
- MFE vs points captured (ie: How much of the total MFE during the trade did I capture)
- Expectancy
- Win/Loss ratio
- Points potential (What I do here is at the end of the day ill look back over the chart with the benefit of hindsight and determine how many points were available had I traded my plan perfectly and taken every setup)

Ideally I like to record things that can be measured over time. So even though I think recording how I felt before/during/after a trade is valuable, I cant record that and plot it over time.

What else do you consider worth tracking over time to judge your trading success?

cheers.


Last edited by DarkPoolTrading; August 3rd, 2012 at 09:14 AM.
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  #3 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


Another thing I keep track of is what my average MAE is on my profitable trades. What this gives me is an idea of whether or not my winning trades tend to go in my direction immediatly or is there a bit of room needed. (eg: how efficient are my entries)

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