The Value of Keeping Score Religiously

What does the distribution of your trading returns reveal about your trading?

Are you aware of the distribution of your returns?

I recently wrote about some of the factors that separate successful traders from their less profitable counterparts.

I can think of several very successful intraday traders I know well. All keep score meticulously. All are on top of when they're doing well and when they're not.

When they're trading well, they identify what's working and aren't afraid to push on the accelerator. When they're trading poorly, they're quick to pull in their risk and figure out what's going wrong.

They have the ego to get big and take risk and the humility to get small and acknowledge weaknesses.

And what helps them do both is keep score.

Religiously.
.