5 Trading Metrics to Add to Your Trade Journal


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There other statistics that tend to be overlooked but can provide critical insight on one's trading.

1. Holding time

Do you tend to hold trades for more than a day? Or do you only hold your trades open for hours at a time? Knowing how long on average you hold your trades will tell you what trading techniques and styles you're most comfortable with, and it will help you determine whether you're a short-term trader or a long-term trader.

Scalpers tend to jump in and out of traders very quickly, while position traders may hold on to trades for months or even years! Knowing which type of trader you are will help you make the proper adjustments to optimize your personal trading strategy.

2. Holding time of winners vs. holding time of losers

Now let's go one level deeper (Inception?!) and compare holding time of winners versus holding time of losers. Doing so will tell us whether or not we're cutting trades too early or holding trades for too long. As much as possible, we'd like to avoid holding on to losers and low-yielding trades as they tie up precious capital!

3. Winners and Losers broken down by session

Another time-based metric that you can take note off is WHEN you actually trade.

Breaking down your trades into which session you are trading could help you determine the best session for you to trade. You might reside in Asia but realize that all your winning trades come during the London session. It might be advisable to clock in a few extra hours to squeeze those pips!

4. Winners/Losers broken down by market conditions

This metric will help determine whether you are recognizing the shifting market conditions and taking advantage of it. You will see whether you've been able to take advantage of the recent trend by hoping in on retracements or if you've been stubborn, getting burned trying to pick tops and bottoms.

It could also reveal your optimal trading conditions. If the metric shows that you've been having more winners in ranging conditions, it may indicate that you prefer to play consolidation behavior with support-and-resistance levels. Or if you've been making money by playing breakouts, it could mean that you prefer to trade the news or take momentum setups.

5. Winners/ Losers broken down by position size

Unlike the sports cliché, when it starts getting serious in forex trading, SIZE DOES MATTER. I've seen many traders trade like a champ when handling smaller position sizes, but once the time comes to start scaling up, they come up short like Lebron in the 4th quarter!

Keeping track of how big your positions are could provide valuable insight as to how you react when positions sizes change. It could reveal whether or not you are taking advantage of strong trends by increasing your size, or doing a poor job of recognizing choppy markets and not scaling down.

There are just some of the many performance metrics that traders tend to overlook. In the end though, it is up to YOU to decide which ones will be the most useful to you. Just keep in mind that the more detailed your trading journal is, the better the chances are of you determining what is the key difference between winning and losing.

Most importantly, you have to always remember to update your journal CONSISTENTLY and HONESTLY. Keeping a trade journal is a tedious task but it must be done because it is the only path towards improvement.

Remember, the difference between an ordinary trader and an extraordinary one is that little EXTRA effort, done day-in and day-out!

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Editors’ Picks

EUR/USD extends losses on dovish remarks from ECB members, trades near 1.0780

EUR/USD extends losses on dovish remarks from ECB members, trades near 1.0780

EUR/USD continues its downward trend for the fourth consecutive day, driven by a stronger US Dollar influenced by the hawkish market sentiment surrounding the Federal Reserve and expectations of prolonged higher interest rates. 

EUR/USD News

GBP/USD trades sideways above 1.2600 amid quiet session

GBP/USD trades sideways above 1.2600 amid quiet session

The GBP/USD pair trades sideways around 1.2622 during the early Friday. The market is likely to be mute in light trading on Good Friday. Later in the day, the US Core Personal Consumption Expenditures Price Index will be released.

GBP/USD News

Gold ends Q1 2024 at record highs, what’s next?

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Gold is sitting at an all-time high of $2,236, lacking a trading impetus amid holiday-thinned conditions on Good Friday. Most major world markets, including the United States are closed in observance of Holy Friday, leaving volatility around Gold price highly subdued.

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