Do you track your your trading performance?

[Richard0]

Tracking self trading performance is quite necessary for a trader because it shows a trader what’s his lacking. How do you do so?

 

[Hudson_]

I frequently track my own trading performance and it’s really useful for self-development.

 

[Oscar_0]

Tracking your trading performance is essential for several reasons. Firstly, it allows you to evaluate the effectiveness of your trading strategies and identify areas for improvement. By analyzing your past trades, you can pinpoint what's working well and what's not, helping you refine your approach over time. Additionally, tracking performance helps you maintain discipline and accountability in your trading, as you have concrete data to assess your progress and adherence to your trading plan. It also helps you manage risk more effectively by identifying patterns of behavior that may lead to losses. Overall, tracking your trading performance is crucial for becoming a more successful and consistent trader.

 

[Antho]

Tracking self trading performance is quite necessary for a trader because it shows a trader what’s his lacking. How do you do so?

Personally, I keep a detailed journal, noting my trades, strategies, and emotions involved. This helps identify strengths and weaknesses, paving the way for growth.

 

[Ravish Sinha]

Yes, I closely monitor my trading performance to make informed decisions and optimize my strategies.

 

[FXO_trader]

The most important component in a trader’s work is filling out and analyzing statistics. This is analytical work, namely: searching for errors or advantages, observing the whole picture of what is happening, dividing strategies into subtypes, identifying patterns. Without statistics, a trader is like a blind mole, crawling without seeing where to go.