Is it important to keep records on trading performance?

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As soon as we start to practicing trading on a simulator we should be keeping trade logs with trading metrics, Chris and I believe this was crucial to our success as  traders,  and this is how I taught the traders at Mercury Derivatives ( Mercury Derivatives is a Prop Trading group with over 500 traders and trades in excess of 250m contracts a year). 

By engaging in end of day data logging, journaling, and reviews, we can start to get insight into our trading and figure out where we need to focus our practice – where we need to be more deliberate in our practice. 

Without the metrics we are prone to psychological biases that can cloud the way we think about our own performance in the market. Sitting, navel gazing on your trading day is not productive –  Metrics are objective !

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Post performance analysis is critical in improvement in any performance related field, it’s as relevant in Trading as it is in something

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