At nearly all hedge funds, the first week of each month will have meetings and traders will share their trading performance statistics, their progress to achieve the title goal. out earlier, and the goals and plans for the next time. At these meetings, traders will self-evaluate their own good, bad and bad points against other traders, which will make them feel more responsible for their goals.


But individual traders can also do it without having to work for any hedge fund or trading team. It is entirely possible to share trading results and self-assessments with traders on the Internet, on trading communities, or online groups, just try to keep it regular and on time, on a regular basis. week or month.

At SMB hedge fund, Carlton Bryan is a manager there, and what is the first thing you ask traders you manage to do? It is to give themselves a rating for their last trading month and explain why for that rating.


Why is evaluating our trading ability beneficial?

The majority of traders entering the market are driven by so-called achievements. We all seek mastery, insight, and market success, just like any other sport. When we make our judgment publicly available for our trading ability, we are activating that competitive instinct. Once we have a number to evaluate, we will find ways to improve it, and once we have a good assessment of one trading skill, we will find a way to have a good rating on another skill. Over time, our increasingly improved series of reviews will reflect on returns. And consistently beating the market becomes possible.


Self-assessment helps you to cope with yourself: what you achieved and what you failed. And sharing that review with others helps you find ways to improve it.

Many traders evaluate their ability to trade every day, and it is not surprising that they can make a profit month after month, year after year. Great traders look for ways to improve even when they're doing well.