After reading Trader Gav’s post on reviewing trading results on a monthly basis I realised that the way I report my results is sub-optimal and is in need of a change.
Until now, I reported my results on a weekly basis because I felt that I needed to be held closely accountable to my actions and more importantly, to my trading behaviour. However, reporting one’s trading equity on a weekly basis serves little purpose, especially now that my trading frequency is significantly lower.
From here on I’ll be reporting the change in equity (after expenses) at the end of each month. In order to be held even more closely accountable to my trading behaviours I’ll assign a behavioural score to each trade and present an average of these score along with the monthly results.