24 lines
1.3 KiB
Markdown
24 lines
1.3 KiB
Markdown
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# Chapter 9 Stragey Development - Goals and Objectives
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**SMART**:
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* **Specific**: specific goal;
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* **Measurable**: want to have a trading system with certain performance metrics.
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* **Attainable**: "I need to develop a trading system that will provide 500 percent annual return with less than 2 percent maximum drawdown" NOT REALITY!!!
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* **Relevant**: Heart and mind must be fully committed.
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* **Time bound**: Trading (creating strategies) cost time.
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Create first SMART goal, implement trading strategy, then re-evaluate it after trails
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Using a wishlist to create a SMART goal:
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| Like/Dislike | Item | Does System Meet This ? |
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| ------------ | ---------------------------------- | ----------------------- |
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| Likes | Trades e-minis only | |
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| | X % annual return, Y% max drawdown | |
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| | Calmar > Z, Sharpe > W | |
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| | No overnight exposure | |
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| | 2 or fewer indicator | |
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| | 100% mechanical | |
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| Dislikes | More than 2 trades per day | |
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| | Adds to losing positions | |
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