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Trader Mike Toma discusses how he uses a simple spreadsheet to measure the success of his trading setups and promotes or dumps them based on specific numbers. Mike Toma started out trading during the “SOES Bandits” era before and during the .com craze. He then stepped away from trading and returned a few years ago to trade full-time. Here we talk about his 10 trading setups and how he uses them and tracks their success to gauge how well he is doing in the markets. We also talk about how he developed his confidence as a trader and the things he feels are most important aspects of his trading success. Mike and his trading partner post about their trading strategies and setups at: TWCFutures.com.

Listen to the interview with Mike Toma.