It is important to carefully track the performance of each of your trade types as you will be in a better position to adjust the style to the market conditions because the markets are always very dynamic.

This section of the Trading Plan should outline all the necessary steps required for your record keeping of trading activity.  Comments on items, such as how new types of trades will be initiated with minimal share size, are essential for a test and learn approach.

Performance measures are critical for your progress, development, and improvement if they are accurately measured and reviewed.  Other considerations for review can be how often your trades reached the target or stop, how often you followed your trading plan, how often you deviated from it, were your emotions involved with the trade, etc.

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