I used to refresh the scorecard when something felt wrong. Now it is a ritual: spreads, rejects, uptime notes, and whether the prop venue still deserves capital next to the personal raw account. Prop rules change the weights — a slightly wider spread may still win if the firm’s other constraints fit my metals ladder.
Ritual contents
- Same session samples as last quarter for fair comparison
- Prop-specific friction: news rules, lot caps, payout maths
- Explicit keep / reduce / drop decision written down
How often do you update a broker scorecard when prop and personal venues both sit in the mix?
Under prop I weight rule friction nearly as high as spread. A beautiful raw quote I cannot use around my real news windows is a museum piece. The scorecard job is capital allocation, not brand ranking for its own sake.
After the ritual I change allocations slowly — one step per month — so a single noisy sample cannot yank the whole book.
