Learn how to conduct a performance review of your ‘actual live performance’, vs. your ‘trading plan’s mechanical benchmark’.
1. Backtest the previous month, quarter, 6 months... and build a performance benchmark for that period of time.
2. Review actual performance compared to the benchmark and find any insights, lessons, flaws, adjustments.
3. Review and catalog insights so you have a list of all the trading insights, lessons you’ve ever gained.
4. Decide if any of those insights need to be added to your current trading plan (making sure you have enough data… if not, move the insights over to the next review).
In this lesson, Irek discusses the importance of knowing what you are trying to achieve and why!
Main discussion points:
- Your goals
- Time limitations
- Manifestation
Recommended exercise:
- Morning visualization of desired lifestyle
During this lesson, you will be able to observe exactly how Irek performs an in-depth journal review. 14 trades are analyzed and fully broken down during this lesson, showing where the errors in analysis were and how the actual execution could have been improved.
Irek kicked off the first half of this live event with an important mini-lesson on tolerating risk, and 'how to manage risk in the initial stages of your live positions'. He also discussed the pros and cons of entry orders vs. live entries.
The last half of this event was an open Q&A where I...
