Determining Which Trade Setups Work Well for You

00:15 Ben [av]: Buffy, you mentioned previously about reviewing trades on a daily basis, and to see the average on a weekly basis to see if the week had been profitable
00:15 Ben [av]: so how do you exactly review this process?
00:15 @Buffy2: I don't review my trades to see if I was profitable
00:16 @Buffy2: I review each specific trade type
00:17 Ben [av]: what do you mean by each trade type (is that like MOFs or slings, etc)
00:17 @Buffy2: I watch my discipline numbers all the time but that’s a separate thing
00:17 @Buffy2: I’m referring to trades taken with the trend, those taken that were reversals, and those taken during chop
00:19 @Buffy2: I discovered if I "knew" the trade was high odds, it usually had a satisfactory result
00:19 @Buffy2: my small losses came when I was guessing who was going to win the fight
00:19 @Buffy2: the results of that review make it easier for me to know when I should sit on my hands
00:20 @Buffy2: trying to take the trades with lesser odds is just too much work

Google on evaluating your trading

Last updated 12/14/2007