I always spend Saturday mornings working on tracker feedback for our traders. Here's a common theme from this week (besides too many "other" trades):

We've been suggesting, since about the start of earnings season, that we are in a "sell more sooner" environment. Why? In short, not as many Setups are setting up, let alone following through:

Those who quickly realize things have changed and adapt to the change will continue to do well. You'll hit more singles but they add up. Those who don't will struggle and likely spin their wheels from a P&L standpoint.

ONE small but important data point we look at here is "R of your first sells" on the trades that work. Ideally and over the long haul, one's average should be around 1. This is based on our process and philosophy on DAY trading and scaling out.

Here's a trader's data point from his previous tracker when we were seeing more A+ trades set up and follow through. Rock-solid and nicely above 1.

Here's his data point from his most recent 50 trades:

While some would look at the "BIG" drop as a bad thing. I suggest it's a GREAT thing. He adapted to the change in the market. Exactly what all of us need to do. #DayTrading

Finally, if you're NOT tracking your trades, you likely will not realize ANY of this and be way too slow to adapt. Track your trades! Dig into the details and listen to the data. #math http://bit.ly/TrackYourTrades