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Trading Binary Options: Strategies and Tactics by Abe Cofnas

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CHAPTER 10

Evaluating and Improving Trading Performance

Evolving and improving your trading performance for binary options requires an ongoing commitment to evaluate one’s own performance. Up to this point, this book has navigated through many strategies and tactics for trading binaries. The challenge is whether you have improved your skills. This chapter reviews key performance metrics that can guide you as you evolve your trading.

Key Performance Metrics

There are many variables involved in such evaluations. The following are some useful categories to keep in mind.

Win/Loss Ratio

As discussed earlier, the ability to become profitable is really a two-part equation. All levels of profitability ultimately relate to a win/loss ratio and an average ...

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