Measuring your trading progress goes far beyond just looking at the profit and loss statement. True improvement is reflected in metrics like rule adherence, average risk-to-reward ratio (R), and maximum drawdown. Tracking these helps you see if your process is actually stabilizing over time.
In prop firm trading, this mindset is vital. Daily loss limits and consistency rules mean that managing your drawdown and keeping your sizing steady are what keep you funded, rather than taking oversized risks for quick wins.
How do you log your metrics? Feel free to share what works for your routine below!