Keeping records and statistics is a CRITICAL aspect of trading...
Not only to be aware of what you have accomplished but to help you to grow
and adapt to changes into the future.
Ignoring your statistics will lead you to ruin
Understanding your statistical results can help you enhance the odds of being profitable.
Even incremental improvement to things like Win/loss ratios or $ Won-vs-$ lost per trade
make huge differences. That's where keeping true records comes into play. Learn to know how they can help, for example -- understand why you can win only 1 trade out of 3, yet still not lose your shirt...
Managing your stops and targets will allow for a positive bottom line... Attempt to take out 2.5 to 3 times
more on the winning trades than what your stops give back. For example:
Even with a only a 50% win/loss ratio, on every 100 trades taken:
Winning $60 on 50% of them grosses +$3000
............................. Nets you a positive +$2000
(less after including commissions of course)
Trade management, Money management and Statistics management ALL come into play in this business.
There are a multitude of ways that each can be useful for enhancing your trading bottom line.