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Chapter 10: Evaluating and Improving Trading Performance > Strategy Scorecard
Binary option trading performance is not only a statistical outcome, it is a result of using strategies. This means that any performance review can be evaluated from a strategy point of view. The best way to do this is to distribute your trading results by the main five strategies used: at-the-money (ATM); out-of-the-money (OTM); deep-out-of-the-money (DOOM); in-the-money (ITM); and deep-in-the-money (DITM). Look at your trading history and determine which are your best and worst trades from a strategy point of view.
Your Performance Scorecard
To help you effectively evaluate your binary option trading performance, you can use a binary option trader scorecard as a key tool. It reviews your trading history and produces a report card on key parameters of your performance. Go to www.binarydimensions.com for more details.