If you tell someone you're trading, the first thing they'll usually ask is "Have you made any money?"
Most traders I've known are pretty obsessed with that question as well. Knowing the answer to that query isn't as important as you might think, since it's better to be focused on process than outcome, although I must admit I do check my own profit more often than I need to. Nevertheless it's necessary to have some idea of your profitability for a number of reasons. In this post I'll explain how I do it.
This is the fifth post in a series giving pointers on the nuts and bolts of building systematic trading systems.
Much more (because of ET's 10K character limit on posting), in the usual place:
http://qoppac.blogspot.co.uk/2015/08/systems-building-accounting.html
GAT
Most traders I've known are pretty obsessed with that question as well. Knowing the answer to that query isn't as important as you might think, since it's better to be focused on process than outcome, although I must admit I do check my own profit more often than I need to. Nevertheless it's necessary to have some idea of your profitability for a number of reasons. In this post I'll explain how I do it.
This is the fifth post in a series giving pointers on the nuts and bolts of building systematic trading systems.
Much more (because of ET's 10K character limit on posting), in the usual place:
http://qoppac.blogspot.co.uk/2015/08/systems-building-accounting.html
GAT
