How I measure myself.

What gets measured

Three things, in this order:

1. R-multiples per setup. Every trade is sized in units of risk (R). A 1R loss costs 1% of starting capital; a 3R win earns 3%. This normalises position sizes across products and timeframes.
2. Expectancy across rolling 100-trade windows. Win rate × average win minus loss rate × average loss. I want this number to be positive and stable; I do not care if any individual month is up or down.
3. Maximum drawdown. Peak-to-trough on the equity curve. A profitable year with a 25% drawdown means I sized too big. The job is to compress drawdowns, not to maximise gains.

What I do not measure

• Daily P&L. Not actionable. Distracts from process.
• Win rate in isolation. A 90% win rate with terrible R-multiples is a losing system.
• Anything I cannot reproduce next quarter.

Verified statement

A third-party verified statement (Kinfo / Myfxbook / IBKR PortfolioAnalyst) will live here once integrated. Until then, the published trade reviews — including the losers — are the public record. Read every trade review →

The losers

A non-cherry-picked sample of trades that did not work and what I learned from each one. As trade reviews are published, this section will link to the worst of them. The losers are the more useful posts. Trade reviews →

The current month

A short status note for the month-in-progress will appear here on the first trading day of each month. Today this section is in seed state. Subscribe to the weekly briefing and it will arrive there first.