Track your trading performance

loss is a very common things in this market place , we the traders cant avoid it in spite of having good knowledge and experience.

 

from last couple of weeks i did huge losses during news , news trading really a complicated issue

 

the trading performance depends on your money management , so we the traders should choose the perfect money management.

 

Tracking your trading performance is helpful to save from unwanted loses.

 

trader should at least track their trading performance on a monthly basis to know if their strategy is good enough for consistent profit or not.

 

@PeterNguyen
I totally agree! Knowing your trading performance enables your best trading strategy. Thus, is a crucial step you can take to enhance your profit.

 

Definitely! I never used to do it before, but I've lately started, and it's actually quite beneficial. I highly recommend it to all beginners.

 

Tracking your trading performance can significantly change your strategies and trading moves for the future trades because nothing beats self analysis and working in direction of our own shortcomings.

 

I personally track my trading performance by maintaining a trading journal. And it helps me a lot to keep a check on all the strategies that i follow.

 

If you keep track of your trading performance, you will know where you are failing. This will help you strengthen your weak areas and strategize future traders better.