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Beat the Street: A Trader's Guide to Consistently Scoring in the Markets by Adrian Manz

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Chapter 15. Keeping Score

EVERY TRADER BENEFITS by knowing what happened, when it happened and why. The problem for most of us is that we focus on our results and not the chain of events that led to them. By the time we realise that there is a problem, the only way we can figure out the cause is to go back and attempt to reconstruct history with little working evidence to help us. This ends up being a speculative and largely fruitless exercise.

Contrast this with the practices of successful traders who have closets full of their log files for each and every trade. When something goes wrong, these people have an objective means of addressing the problem before it gets out of hand. When things go well, they can review their notes and create ...

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