New here - trying to get a handle on actual risk-adjusted returns vs. % gain
Hey everyone, just joined. Been trading for about 6 months now, mostly small caps and some $QQQ options. I'm profitable, but I'm starting to wonder if I'm just getting lucky with market direction, or if my actual process is sound. I see a lot of people talking about risk-adjusted returns, but it feels like a really abstract concept when you're just looking at your account balance go up or down. How do you guys practically assess if your positive returns are genuinely good, given the risk taken, especially without a full year of data yet?