Go figure

What kind of results can you expect from your trading each week? Do you know?

This week, I’d like to write a series of articles about how to find out what to expect from the method you use for your trading.

The starting point in getting an idea about what to expect from your method of trading is to gather some data through papertrading. Last week’s series of blogs dealt with that. This week, I’m going to write about what to do with that data.

To easily assess your method of trading using the tools to be discussed in this week’s series of articles, you’ll need to input them into a spreadsheet format as described in last week’s articles.

Then crunch number on that data. Here’s some numbers I like to crunch so that I can get an idea about what to expect from my method of trading. Crunching numbers will enable you to carry through with your intention of continuing to use your trading method despite losing streaks. Otherwise, you’ll give up after a series of losing trades, usually just before your method turns profitable again and thereby causing you to miss out on enormous profits.

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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