By . Tracking Spreadsheet. At Friday, April 30th 2021, 08:29:52 AM.
After being rejected and coddled by the market one too many times, I came to the realization that I was literally spinning my wheels with no chance to succeed unless I could figure out exactly what was adding to my bottom line and conversely, what was keeping me from being just another "break-even" trader. I had already created a simple trading spreadsheet that told me the basics, but I had no way of tracking the overall performance of my trading activities. I finally resolved never to take another trade unless the primary reasons for taking it could be analyzed over a sample number of trades. The result? I created a multiple categorical performance tracking sheet that would soon have me climbing the ladder of success. Lots of work and planning went into this project, but afterward I had concrete evidence that told me when I should step on the gas, or when to put on the brakes. What I created told me key statistics in six different categories, which led to a confidence boost that cannot be described.
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