Saturday, March 12, 2011

Tracking my progress 10 Trades at a time.

Im going to start an excel sheet on Monday. It is going to aid me in the trade analysis part of my trading. currently i am using Ninja trader trade analysis that is built into the program. But i find that i am only using it to track my PNL over a week, month or YTD. Im not really seeing how my trades are progressing in terms of how they are executed by my trading methodology.
My objectives:
1. To see if I am trading in line with my expectations of my edge.
2. To notice if i am trading by my rules.
3. To be able to make necessary adjustments to my enteries and exits based off of my findings.
4. To see if i am sticking to my entry/exit and target/stop that i lay out before i take a trade.
5. To know my percent of winners and losers for every ten trades.
6. To see when i get stopped out if it was the correct action to happen. After stop, did market keep moving in that direction.
7. To see what time and how long i take a trade for.
8. To see how far a trade moved against or for me before getting out. (MAE-MFE)

Im sure i will refine this as i go on but i have determined that i need to see how my trades are playing out on paper so i can take notice of any trends and make the adjustments i need.

Trade review 3-11-11 friday

I wanted to do this post to show how i completly over looked today trading. Im mad at myself because i should have saw this in my morning analysis. Oh yeah i didnt do a morning analysis because of work lol any way i can clearly see now that i screwed up.