Comments on: Why do I do monthly review, and only monthly?

By: Monthly results « the 3500

Monthly results « the 3500 — Sun, 11 Nov 2007 16:08:21 +0000

[...] 11, 2007 in trading results After reading Trader Gav’s post on reviewing trading results on a monthly basis I realised that the way I report my results is sub-optimal and is in need of a [...]

By: Gav

Gav — Sat, 10 Nov 2007 05:34:30 +0000

Hey Caravaggio,
Nice to hear from you again. Though I agree monthly review might be a better for me, and maybe you as well, I still hope to see you post a little bit more frequent on your blog.

I am reading it regularly. Have a good day.

By: Caravaggio

Caravaggio — Sat, 10 Nov 2007 01:54:13 +0000

Interesting stuff Trader Gav. I’ve been posting weekly results because while I also believe that weekly numbers are close on meaningless, the behavioural aspect of trading requires closer, more frequent monitoring.

I settled on weekly reporting as a happy medium, but after reading your post, it is true that it doesn’t really make sense. Better to report the month end figures, and keep a running tally of the behavioural assessment for each trade, perhaps calculating an average at the end of the month.

Thanks amigo.

By: Chuck

Chuck — Fri, 09 Nov 2007 00:13:17 +0000

Solid advice for any aspect of life. I really do feel that if you desire to improve any aspect of your life, you need to be tracking it. Trading journal, workout journal, writing goals and evaluating/updating are all important parts of a successful plans.

Chuck

By: Gav

Gav — Wed, 07 Nov 2007 20:19:39 +0000

Hey Dave, nice to hear from you.
I agree with you that we should review every trade to determine if we followed our rules.
But for overall performance, we need a little bit more inputs to construct the statistics. That’s why I feel monthly review is pretty adequate for this purpose