When I worked in the social service field as a clinician; the first point of contact with a potential client started with an assessment or an intake. Assessments varied in form from agency to agency but the overall premise was the same. That is; it was a tool used to gather information about a potential client. Questions on the ‘assessment form’ encompassed among other things a client’s medical, educational, occupational and psychiatric history. Why was this information important to gather as a clinician? As the form suggests, its purpose was to assess the client and/or make an assessment. Assessment, defined by Oxford Dictionary, means “the evaluation or estimation of the nature, quality, or ability of someone or something”
The purpose of assessing then was to gather information (or data) to gain an understanding of the person I would be working with. To treat; I first needed information to have a better understanding. This skill; learned in both undergrad and grad studies was coincidentally transferable to the world of trading.
In order to ‘understand’ myself as a trader; I had to undergo an ‘assessment’ of myself as a trader.
Do you understand yourself as a trader? If you do; great! If you don’t; how can you then treat or improve yourself as one? It’s not possible.
Unlike the assessment performed on potential clients in a therapeutic setting; you don’t necessarily need to evaluate your medical, educational and/or occupational history. But you do need to make an assessment of your trading. What questions should you ask?
I will list a few I’ve asked myself along the years; but I want us all to help each other out, so go on and list the questions you ask yourself below in the comment section.
Assessment Questions For Trading
What were my last 10 trades?
What set-ups did I trade?
How do I generate my trade Ideas?
Most profitable day, week, month, year?
What do I do when a trade goes against me?