Posts: 1,036 since May 2012
Thanks Given: 1,244
Thanks Received: 1,326
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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.
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