Trading Reviews
By Dave Mabe
It's a new year and a natural time to review your trading results.
Some of the most productive ways to improve come from periodic analysis of your aggregate trading results.
Here's a list of ways to improve your trading by doing a review.
Figure out how to make more trades from an already profitable system
Take fewer but more profitable trades from a system
Automate your reporting so you don't have to collect and parse a lot of data to get it in a format to make smart decisions
Review your best trades to figure out how to take them with bigger size
Review your worst trades to figure out how to weed them out or minimize their impact
Take more size in the strategies that are working well
Look at trades outside your strategy's trading rules - are there ways to trade them profitably?
Look at the time it took to create your most recent profitable strategy - how could you reduce that time by 75%?
What are the bottlenecks in your trading business? How can you eliminate them?
Did you make emotional decisions in your trading in the past year? Did they end up helping or hurting your results?
Is there tail risk in your strategy that you might not be considering?
How often did you run out of buying power in the last year? If the answer is not very often, then consider moving some money to allocate elsewhere
What would your results look like if you added a strategy that traded more often and had better results? Create it.
If you could go back and get a redo of the last year, what would you have done differently?
What else did I miss?