DeefMan

What are some of the better stats to track for day trading futures/e-mini's? Here's some that I've been using: Daily/weekly profit/loss (after commissions) win/loss ratio daily/weekly net tick gain/loss daily/weekly total trades max daily winner tick gain. Here's a stat that they use in pristine e-mini chat room: Sharpe ratio (modified) = daily avg gain/avg loss They recommended a goal of around 50% win/loss ratio, and around 1.47 sharpe ratio. Recently I've been using a daily goal of 25 to 50 net tick gain per day, 5 to 15 trades per day, 60% win/loss ratio. That has generally worked well with my trading style. However sometimes due to tracking stats, I've gotten focused too much on the keeping good daily stats and possibly missing out on proper execution, and/or a good setup near the end of the day. Any ideas on what other stats to track that might better keep the mental focus on proper execution, and provide the best way to track progress? I've seen some traders' excel spreadsheets where they track each and every single trade, with specific details of the setup/entry/exit/etc. However I haven't refined my trading strategies and setups enough to do that sort of record keeping. Anyone using R's with day-trading futures? I know tracking R is popular with those dummy type opening gap stock day trade setups.

Here is an article written by Michael Jardine (enthios) for Ensign's newsletter, describing how he uses POC & Virgin POC.