To evaluate my trading, I will answer these questions daily: 1) Did I put on high probability (A+) trades that I wouldn't be easily scared out of? 2) Did I trade to win or did I trade not to lose? 3) Did I have enough size in my conviction trades? 4) Did I break any of my rules? Why? 5) Was I mindful of what I was doing? 6) How many of today's trades would I make again under the same circumstances? 7) How many of my trades did I bail on before the stop or profit target? How did that work out? 8) How many of my trades today were placed out of fear of missing a move? 9) How many trades did I miss today because I wasn't paying attention or was working on something else? 10) How many doubles were there that I didn't have an edge for? 11) How do I feel about my trading at the end of the day? 12) What can I do to improve these answers? (Thanks to Dr Steenbarger's Blog)
1) Did I put on high probability (A+) trades that I wouldn't be easily scared out of? YES 2) Did I trade to win or did I trade not to lose? to win 3) Did I have enough size in my conviction trades? want to trade this new strategy with small size 4) Did I break any of my rules? Why? No 5) Was I mindful of what I was doing? eh, yes 6) How many of today's trades would I make again under the same circumstances? all 7) How many of my trades did I bail on before the stop or profit target? How did that work out? i don't really work with profit targets. i like to try and take the maximum profits in my predefined timeframe 8) How many of my trades today were placed out of fear of missing a move? none 9) How many trades did I miss today because I wasn't paying attention or was working on something else? none 10) How many doubles were there that I didn't have an edge for? 11) How do I feel about my trading at the end of the day? took a small loss. It's better than take a big loss, but worse than taking a profit 12) What can I do to improve these answers? not sure