Reviewing your trades
- Thread starter bau250
- Start date
Look at the trades I entered, and why (what I expected could happen), then review how well the market outcome tracked my expectations and trading positions. See where I went wrong or could have done better, how to adjust my processed the next time. I do the same with opportunities I missed, or moves that I have not seen the like of before.
I review using a form.
In order of importance, I compare the following:
1. the type of turn and the specific end effect. They must be a possible match from my master list. I do not tolerate any exceptions.
2. the number of bars between consecutive events. I circle the longer values and recheck EVERY annotation and log entry. I am looking for possible rule violations that reveal "ommissions" of the E & O sort.
3. I check that all event bars have a lock in before the end of the bar. If not the bar must be a less than three part bar in price. No exceptions.
4. I look for check marks in my review fixed column. If I put in a check I was noting I am using a "fix" that is part of the rule set. I look to see where I did NOT check to see irf the chart has a "red" note there. All notes in red are to note rare occurrances that may need some drilling to assure my inference is up to speed (10 to 100 millisecond recognition elapsed time.)
5. I look at at my net totals compared to reversal frequency. They must fit into a specific hi/lo range.
This takes two pages of data and takes 20 to 30 minutes.
From this I type my open entry for the next day on my chart (I do not want to think of anything before open other than housekeeping chores).
In order of importance, I compare the following:
1. the type of turn and the specific end effect. They must be a possible match from my master list. I do not tolerate any exceptions.
2. the number of bars between consecutive events. I circle the longer values and recheck EVERY annotation and log entry. I am looking for possible rule violations that reveal "ommissions" of the E & O sort.
3. I check that all event bars have a lock in before the end of the bar. If not the bar must be a less than three part bar in price. No exceptions.
4. I look for check marks in my review fixed column. If I put in a check I was noting I am using a "fix" that is part of the rule set. I look to see where I did NOT check to see irf the chart has a "red" note there. All notes in red are to note rare occurrances that may need some drilling to assure my inference is up to speed (10 to 100 millisecond recognition elapsed time.)
5. I look at at my net totals compared to reversal frequency. They must fit into a specific hi/lo range.
This takes two pages of data and takes 20 to 30 minutes.
From this I type my open entry for the next day on my chart (I do not want to think of anything before open other than housekeeping chores).
I know whether or not I made a good trade immediately. I know if I missed the right entry or I got out too soon or too late. What's writing it down at the end of the day going to do for me? I guess it could be punishment.
Because it is all too easy to remember things incorrectlyâ¦. convince yourself of something that isnât fact/ didn't happenâ¦
OR
Simply lie to/ bullshit yourselfâ¦.
Not to mention you have an archive to reference later on to gauge your progress.... identify market, and/ or your - behavior patterns
Insightful
btw;
Donât mind me, Iâm just being a prickâ¦
Fact is;
Itâs your PnL â and your tradingâ¦. do with them as you see fit â always
RN
Chart of the day⦠and a journal
Search online and youâll find examplesâ¦
I hesitate giving you specifics of what goes in the journal because it really needs to be what you deem important
Potentially it could become the most insightful view â into you â you will ever have
You can also record your trading session (camtasia or other)â¦. for viewing eod/ over the weekend
GOC has some good suggestions
RN
I "screen capture" my chart
- after I place my limit order
- after the order is filled and my SL+TP is set
- when I move SL or TP
- after SL or TP is filled
- and then again later to let me know how it goes further
The next day before trading I go through my trades (captured pictures) from yesterday. On the weekend I do the same with the whole week of trades.
I use FastStone Capture for capturing active window (=chart) to file...just by pressing F9 button. I realized that PNG file format is better than JPG for capturing charts.
I grade the trade by how well I followed my trading plan.
If I didnât follow the plan to perfection I make note of what thoughts or emotions were running through my head that influenced my decision to deviate from the plan.
I try to find out why I change a supposedly well thought out course of action in midstream. Mostly it boils down to Fear & Greed. Just being aware of how I react helps a little.