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When I first started trading futures at 1 contract per trade, I would measure good days/bad days by the number of points I made/lost. This works and is a good measure (I think) until you start scaling in/out.
Example: First two trades of the day at 1 contract per trade and you are down 6 points (3 points each trade). Third trade, you traded 2 contracts and made a 4 point move. You are up in money but down in the the net move up and down on the chart. So you are down in chart points but up in money points, if that makes any sense..
Question is, what is the best way to measure progress when this happens?
