How can I improve my trading?

[qwB]

I am a 10 month old trader. I've been struggling with my trading skills lately, so I recently started keeping a trading journal and realized that I don't have much of a basis for my entries.
What should I do to overcome this?

 

[zdreg]

Write down your thoughts as they occur. Ask why trades succeed or fail.

 

[zghorner]

1. Edge
2. Execution

 

[Handle123]

Stop trading till you have well backtested trading plan. Risk is most important than profits.

 

[toucan]

I am a 10 month old trader. I've been struggling with my trading skills lately, so I recently started keeping a trading journal and realized that I don't have much of a basis for my entries.
What should I do to overcome this?

hi qwB... a couple of questions...

are you daytrading
do you trade futures
if you trade futures, then which ones do you trade

thanks
toucan

 

[qwB]

hi qwB... a couple of questions...

are you daytrading
do you trade futures
if you trade futures, then which ones do you trade

thanks
toucan

I'm a day trader, mainly trading Bitcoin futures.

 

[zghorner]

I'm a day trader, mainly trading Bitcoin futures.

What sort of leverage do btc futures offer?

 

[SimpleMeLike]

I am a 10 month old trader. I've been struggling with my trading skills lately, so I recently started keeping a trading journal and realized that I don't have much of a basis for my entries.
What should I do to overcome this?

Good Morning qwB,

Well, here is a good tip : Don't take trading advice from Losing Traders like myself.

Other than that, throw that trading journal away, it doesn't help.

Full Disclaimer : I am currently a Losing Trader so far of about -$1,100 on the fiscal year of 2023. Let's see how the next 2 months go. My comments are not worth a penny with a hole in it because I am losing trader right now

 

[mikeriley]

I am a 10 month old trader. I've been struggling with my trading skills lately, so I recently started keeping a trading journal and realized that I don't have much of a basis for my entries. What should I do to overcome this?

You must outgrow your lack of competence.

The first element to being consistent, is being
consistent in a trading approach.

An approach that follows effective market analysis
that gives you an idea where the market is going
directionally, and that helps you stay in sync
with the AI-driven algorithms that's driving price.

Growth in essential knowledge is a necessity
and starts with trading education. All of which
is an invaluable foundation and framework
for trading plan development.

The trading game is a transfer of wealth from the
uninformed to the informed who've learned how to
capitalize their knowledge of institutional order flow,
market imbalance, risk management, etc etc.

RULE #1 Stay away from gamblers (the uninformed)
RULE#2 Learn everything (leave no stone unturned)
RULE#3 Find and follow a competent trading Mentor

To your trading success.

 

[tomkat22]

I am a 10 month old trader.

They're starting younger and younger these days.