What is Performance Tracking?
Performance tracking is the systematic measurement and analysis of your trading results over time, including win rate, profit factor, drawdown, and other metrics to evaluate and improve your trading.
Performance Tracking Explained
Without tracking, you can't improve. Key metrics include win rate, average win/loss size, profit factor, maximum drawdown, Sharpe ratio, and expectancy. But tracking goes beyond numbers — it includes emotional states, time of day, market conditions, and strategy variations. The traders who improve fastest are those who review their performance data weekly and adjust their approach based on evidence.
Real-World Example
Your monthly review shows that your morning trades (9:30-11:30 AM) have a 55% win rate and $200 average profit, while your afternoon trades (2-4 PM) have a 35% win rate and $50 average loss. This data clearly shows you should focus on morning sessions and reduce or eliminate afternoon trading.
Related Terms
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