The ability to trade profitably using electronic front-end trading
systems is an elusive quality that has so far evaded full explanation
and quantification. Many experienced, less-experienced and novice
traders have attempted to trade electronically in a bid to outperform
their competitors but have seldom been able to maintain consistent
profitability as markets change. In addition, many traders have
little understanding as to why they trade in certain ways, and often
cannot articulate the basis for their behavior.
Sometimes failure is a result of employing
traditionally acknowledged bad trading habits, misunderstanding
visual cues, or the invasion of destructive emotional behavior.
Whatever the reason, often a trader’s mediocre
performance is not the result of a lack of talent, but rather of
an unawareness of the variables that affect his performance.
Diligent and thorough review of
past trading performance is imperative to continual improvement
in the markets. We firmly believe--and have seen first-hand--that from reviewing and better understanding their interaction
with the market, traders can make modifications to their methodologies and actions
that can have an immediate and profound impact on their performance and results.