Metrics

A record of your trading history can be one of the best indicators you have at your disposal. Perhaps the metrics include what you traded or perhaps when you traded it. Here are a few questions that should give you an idea of the value trade metrics can provide:

• Was the market trending up/down or chop at that time?
• What was the sector that the stock belongs to doing at that time?
• What time of the day, day of the week, month, and year did the trade occur?
• How many shares (lots) did you trade?
• What does your equity curve look like?

Metrics like these are invaluable to the market masters as they know what style and strategies are working for them. As an example, metrics could show that Monday’s and Friday’s are your worst trading days. In addition, the afternoons are especially taking a toll on your equity curve. Examples like this are woven into your trading history and I’ve designed a way to gather that information, process it, and learn from it.

Your trading metrics report contains both a narrative and graphical representation of your winning days v. losing days, winning trades v. losing trades, hour of the day and day of the week winners v. losers and more.