Ever since my first losing trade, I steadily increased my use of processes for investing. As my knowledge of process development grew, I learned that you can’t measure progress if you don’t have a stable starting point (current state).
Measuring your success and failures is required if you want better results, investing or otherwise.
So it was great to read the following blog post at The Reformed Broker: Trade School: If It Can’t Be Measured, It Can’t Be Managed.
If you’re not measuring both successes and failures, how on earth can you manage your portfolio or trading account?
Start 2011 off on the right foot and get things stabilized.