A Few Thoughts.......

During the weekend, I was running a spreadsheet analysis on my trading to gain some insights into how to take my trading perfomance to the next level. I was looking to answer some specific questions such as

1. Are there certain day(s) of the week where I tend to be more successful?

2. What is my average winning trade look like? What does my average losing trade look like; and how do they compare to one another?

3. Is there a certain time of day where the market is easier to read than others?

4. If I had a independant review of my trading what would they see?

A lot of traders tend to fall into the habit of booking a trade, making money and calling it a day. I on the other hand understand that when the trade is over, is when the real work begins. We must constantly analyze our business, we must always understand ourselves and our habits. To ignore the post trade review process is to basically ignore history and in the words of George Santayana; "Those who cannot remember the past are condemned to repeat it."

Trade Smart....

~Duane Gott

Comments

[Bob Harris]

I always liked Errol Morris' (American filmaker, 1948- )take on this: "Those who cannot remember the past are condemned to repeat it without a sense of ironic futility."

[anthony]

1/ Do any mentors have any stats on either the GET type 1 or FSB stochastic trades in terms of success over a 1-5 year period.
2/ Also using the more agressive entry method ie: buyer's/seller's bar what does it do to the success rate ?
Two questions I forgot to ask at the recent Advanced 3 day seminar in Sydney, Australia which I attended.