The document discusses Tradeslide Performance badges. [1] It is a measure of consistently profitable trading that adds strategic value on a risk-adjusted basis over time as a by-product of developing core trading skills. [2] The badge should only be pursued once other core trading skills are mastered, as sustained performance relies on skill rather than luck. [3] Traders should focus on internal targets they can control like developing skills, not external results, and accept that even good traders experience long losing periods as part of the process.

1. Pf Badge
www.tradeslide.com

2. TS PERFORMANCE
1. WHAT IS IT?
2. WHAT’S THE POINT?
3. HOW TO PROGRESS?
4. QUESTIONS?
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3. TS Performance – What is it?
A measure of consistently profitable trading
(Does this strategically add value, on a risk adjusted basis?)
1 The only badge that depends on performance
2 A goal to pursue ONCE you possess all other core traders’ skills
3 A welcome by-product of trading skill (NOT a GOAL in itself)
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4. TS PERFORMANCE
1. WHAT IS IT?
2. WHAT’S THE POINT?
3. HOW TO PROGRESS?
4. QUESTIONS?
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5. Which process would you rather invest in?
A track-record that proves SKILL?
Or a luckystreak?
? Works in the future? Works in the future?
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6. TS Performance – What’s reflected?
Factor Rationale
• Whether a position has been • Overcome “reporting bias”  Some
closed or not does not matter to traders choose not to disclose losing
MtM of
investors: what matters is what trades and hereby “manage” their
positions
investor’s money is worth NOW profitability
• How to account for the fact that • Every trader has his own style, and
some traders open & close none is a priori better than any other
Activity trades within minutes, whereas •TS looks at Performance from the
others have open positions for point of view of a “neutral” investor
weeks at a time? who picks strategies
• Deposits paid into and out of • Investors care about your trades,
an account whilst trades are not your funding decisions
Account
open can distort reported
events
profitability unless properly
accounted for
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7. TS PERFORMANCE
1. WHAT IS IT?
2. WHAT’S THE POINT?
3. HOW TO PROGRESS?
4. QUESTIONS?
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8. TS Performance – How to progress?
Focus on internal targets (i.e. targets that you can control)
You can control the skills you learn – not the results they yield
1 Performance only counts ONCE all other badges are proven
2 Even good traders spend LONG periods losing – controlled losses are FINE
3 A BIG shot is nothing other than a SMALL shot that kept on shooting 
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9. TS PERFORMANCE
1. WHAT IS IT?
2. WHAT’S THE POINT?
3. HOW TO PROGRESS?
4. QUESTIONS?
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10. Where to go from here?
• If you haven’t covered all other badges yet, you shouldn’t even CARE about performance:
• The only performance that can be sustained is a by-product of SKILL
• You can target skill, but you CAN’T target performance
• http://en.wikipedia.org/wiki/Alpha_(investment)
• You may want to check how risk is measured at TS RISK
• This article is a “stub” - Feel like you can improve it? – GREAT!
• Feel free to post your questions to the TS wiki – we’ll incorporate via improving its
content or on our FAQ
• Have suggestions? juan.colon@tradeslide.com can’t wait to hear them
• We’d love to credit you for improving it
• Contributing to the Q&A sections will boost your mentor score if others like what you post
(even questions do!) – helping out will reflect on your community standing
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