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Chicago IL
Experience: Advanced
Platform: SierraChart
Broker: Transact, SC
Trading: ES, NQ
Posts: 11 since Aug 2012
Thanks Given: 7
Thanks Received: 38
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For those of you who actively day trade through out the day:
Do you keep "Model Data"?
And Do you compare your actual activity to this model?
Is there such a thing as a "perfect" trading day for you? What i mean is, can there be a day where you followed all your rules/guidelines, took advantage of every opportunity the market presented. A day with no errors, no interruptions, sold focus?
Surely we can scroll through a day and pull out this "Model Data". I do, or try to, as part of my homework. I then compare my actual activity to that Model and see what my efficiency is.
So my question to my community is what is your, or what should your efficiency be as compared to this perfect Model? Few, if any of us are going to perform perfectly to this Model on a consistent basis - it is virtually impossible. There are countless unavoidable distractions throughout most of our trading days. And if you're an active short-term trader, our ability to focus intently is limited.
So what is acceptable? Perhaps it depends on our individual approach. Those who scalp continuously would expect a different percentage purely due to scope alone. Those who look to take one or two trades a day have a much better chance to hit 100% efficiency.
Comments?
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