Trader's benchmark

[Strugglingtrader]

I'm not sure if anyone else feels this way, but days like today when I think I have done well, I find that I probably haven't and the days where I haven't done well I find out that I've done quite well.

I was wondering if there is a way we can create a benchmark. I know it must be the German in me and there are lots of potential issues with this, but I think if we focus on a monthly performance and on select exceptionally volatile days (like today or last Friday), this might be the way to go.

To start things off I managed a return of 4.4% on my trading capital today. The capital I risked today was never more than 2%.

I target 5% a month but with the VIX where it was today, it seemed each direction offered ample opportunities.

I would be happy to hear from others, I don't think it is relevant if you're a commodities, currencies, equities etc. trader, volatile days are volatile days.

If anyone has any better thoughts than mine (without doubt), happy to go along with that too.

ST

 

[tomorton]

Any format can bring you money. Any profit is a good thing. You can do what you like and always stay as positive as possible. All you need to do is pay more attention to how you act, at what points you manage to make the most accurate decisions, what you do, if something went wrong and what results it leads to.
You have to be attentive not only to the market, but also to yourself. Because it allows you to learn how to respond quickly to your own needs and tastes. And this is the only direct way to true professionalism. Don't worry, in time you will definitely come to a more confident position in the market.

What's your favourite trading strategy?