I'm new to the forum, but have been trading ASX ETOs for a little over two years with a break in the middle. I've been devoting more time in the last 12 months and have worked out the following for the current financial year:
Winning trades: 66, Ave win per winning trade: $2,056
Losing trades: 5, Ave loss per losing trade: $4,410
How can I measure 'success'? I guess what I'm really asking is how do I know if I can do better?
One measure might be profit as a ratio of capital utilised but, as most of my trades are naked writes (I know what the collective wisdom on this forum says about such trading, which is partly what has prompted this post), I find it difficult to calculate the margin used accurately as the ASX margin calculator is frankly a complete fabrication when compared to the actual OCH margin requirement. Obviously I can calculate it as an average over all trades for the year but how does that measure progress ie improvement?
Is there anything else I should be measuring to track improvements in trading?
NB To clarify, contrary to my name, I don't trade daily, more like weekly. It's more of an aspiration.
Thanks to all in advance.