Usually hearing the term - Tracking - is in reference to some particular set up the trader wants to find some sort of edge in that they can play off of. Jack Kellog mentioned in one of his webinars how - Just because you find some sort of edge in data you have tracked, doesn't mean you will magically be able to trade it - This lead me to wonder how that could be fixed.

Long story short, I realized it's always taught to - Review your trades and see what you did wrong - (mostly focusing on the losing trades). But recently I have been finding more consistency and far less stress in general from tracking my winners and just going off those, vs tracking something I have never traded before. Some of the commonalities are expected, but found a ton of important things I never thought of.

Once you have uploaded or recorded enough wins and losses, gather the top 100 (or less if you don't have that many trades yet) and track them after the fact. I used Profitlys 30.00 subscription upgrade to filter my trades from biggest to smallest wins and then went from there.

Personally, I learned, to a ratio of 8:1 of my biggest wins were ALL anticipation swing trades. As in, there is a sector or stock I have some belief will breakout or breakdown soon, so long or short it before it even happens off some technical area. I learned the best technical area is more often than not, near the bottom of a handle in a cup and handle formation. I only had a couple on the list that were longed on the actual breakout day, and one of them was only after I stopped out for a small loss after trying to anticipate it two days too early. I also found commonalities in the market cap size, duration of hold time, etc. These are just examples.

Keeping it simple, I recorded  screenshots along with

MKT CAP / DURATION / 21Day ADR (average daily range) / Spy Trend (up, down, box) / % Gain / Type (short or long) / Ticker (Also finding that some of my biggest wins came from the same ticker multiple times)

And for stats I looked for the Average Mean and Mode, and then for spy trend and just a simple ratio (Spy trend "Up:Box" was 6:1 as example)

 

Moral of the story is pretty much to not just always focus on losses. I put BABA as the header for this post because that was one that I took largely because of this tracking. Even though it was half size cause I was taking a vacation, it was still in the top 50 of my biggest single win, from having far better sells than I was having before doing all this.