Hi to all
I've got lots of P&L and BetHistory and other bf history. As there are so may ways to link them and analyze I was wondering what is the deepest level that some of you do analyze his activity.
For example I can broken down my P&L into months, weeks, dayOftheWeeks, hoursOfTheDay, averages, races traded: by distance, by geography ect. I can go even deeper like by volumes: MytradedVolume, FavoriteVolume, RaceVolume, SPs, Odds like: averageOdds of top 2,3 favorites ect.
So my question is how do you analyze your data, and what you pay attention to most?
Analyzing your trading activity
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Just daily P&L, average per race and losses as a percentage of the daily total.
What would be most helpful is somehow recording losses that were down to errors, rather than just trading losses, but that's not so easy to define. The kind of trades where you say to yourself, why the hell did I do that?!!
IMO the most important thing to record is how well you traded each day - what you were doing right when things went well, and what you doing wrong when things went badly.
What would be most helpful is somehow recording losses that were down to errors, rather than just trading losses, but that's not so easy to define. The kind of trades where you say to yourself, why the hell did I do that?!!
IMO the most important thing to record is how well you traded each day - what you were doing right when things went well, and what you doing wrong when things went badly.
Don't have any records so nothing to analyze. Don't see any point really, past is past, and I'd rather trade in present and do the best I can every single day 
I tend to write down causes of my biggest losses though, that helps a bit to remember all stupid things I did and not to repeat em.. In the end it's all about minimizing losses, right?
I tend to write down causes of my biggest losses though, that helps a bit to remember all stupid things I did and not to repeat em.. In the end it's all about minimizing losses, right? -
superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Not trading at all minimises losses.poklius wrote:In the end it's all about minimizing losses, right?
£300 profits with £100 losses is better than £50 profits with £2 losses.
I'd say it's more to do with minimising errors.
You are right, if I haven't traded and done any errors, I'd still be stuck in office jobsuperfrank wrote: Not trading at all minimises losses.
£300 profits with £100 losses is better than £50 profits with £2 losses
I'd say it's more to do with minimising errors.
There is nothing wrong doing errors, thats how we learn.
Real art is taking as cheap lessons from your errors as possible.. small losses is easy to deal with and profit comes after big ones are gone. At least it's something that works for me..