👋 Hi, I'm Sam
I've been day trading for five years.
An important part of our trading journey is understanding where our weaknesses lie in order to address them.
I personally started to become consistently profitable once I began tracking my accuracy (Win %) and my risk-to-reward ratio.
My biggest weakness was that I would make a small profit for several days and then give it all back and more because of one trade where I would oversize my position and not respect my stop loss. This was due to poor risk management and a bad risk-to-reward ratio.
With this little program I developed, I'll be showing you a few important metrics and graphs about your trading that, unfortunately, TradeStation doesn't display.
Your objective is to stay in the profitable (green) area. Just by looking at where you position on the graph, we can determine if you need to improve your accuracy (Win %) or your risk management (risk-to-reward ratio).
I recommend you read my blog post on this topic
here.