Sunday, January 4, 2009

What do I need to measure?

There are 6 important metrics I intend to keep on a daily basis:

1. No. of trades available (i.e. trades that fit my entry rules)
2. No. of trades taken
3. No. of winners
4. No. of losers
5. Dollar amount of winners
6. Dollar amount of losers

I would like to get to the point where I consistently take 80% or more of all the trades that fit my entry rules. One of the hardest things for me so far has been to take the next trade after taking a loss. I know that if I keep taking the trades I'll come out a winner overall.

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