Introducing the GPA

I am going to use a new metric for tracking my trading, I have started a spreadsheet on google docs which capture my trades and equity curve.  (You can view it here)  One of the stats I am tracking is my trade grade, from which I will be keeping a running 5 trade average to help determine when to slash trade sizes and try to catch bad streaks as they come up, and also when to recognize I am trading well and to step on the gas.

I will be rating my trades and give them 1 point for the following:

1. (default score is 1)
2. If it is profitable +1
3. If the % gains is more than twice the stop loss %
4. If there is a favorable size to risk ratio (some leeway here)
5. If I made the correct call (market feel)
6. Good entry
7. Good exit

Rules

• When my GPA is below 4.5 I will be cutting my trading size from now on to 2k max.  
• When above 4.5 to 6 I have up to 4k.  
• When above 6 (not sure if this will happen) than all trades are to be maxed out.