considering how difficult it is to write posts traders here are extraordinarily helpful
Why keep a journal?
- Thread starter padutrader
- Start date
really tough teaching trading....
just talking to relations about it and you get a 100 questions before you can say trading is...!
The reason you maintain your trading journal is to review your mistakes as well as the things you did right! How much of an improvement would you have in your trading if you cut your mistakes to a bare minimum. We are all human and will make mistakes at times. One top trader said if you get things right 80% of the time, you will be okay. I reviewed my trading journal and saw the same mistakes I made more than once! The worst one was allowing losses to grow larger. That wasted $4,800.00 in profits I had in my account. This was all on directional option trades. I was complacent and made a number of bad trades, allowed losses to grow, been impatient waiting for the setups before entering the trade. As Mark Minervini says in his book, "harvest profits not mistakes."
Your annotated charts are your best trading journal (pic is worth 1000 ...) - text journal\send to\Recycle Bin
yep i am keeping a journal.
I have solved some issues and am now concentrating on managing trades better.
It is easy to have a strategy but it is how you manage the trade that can turn a good strategy into a great one.
This is not easy because a strategy is what you force onto the market while managing a position entails having an in depth understanding of market and all it's indiocracies.
ADD TO THIS THAT YOU ALSO HAVE TO MANAGE YOUR OWN EMOTIONS AND INDIOCRACIES.
If you consider all this, success in trading , is really a daunting task and it is hardly surprising that 95% supposedly fail at it.
I have solved some issues and am now concentrating on managing trades better.
It is easy to have a strategy but it is how you manage the trade that can turn a good strategy into a great one.
This is not easy because a strategy is what you force onto the market while managing a position entails having an in depth understanding of market and all it's indiocracies.
ADD TO THIS THAT YOU ALSO HAVE TO MANAGE YOUR OWN EMOTIONS AND INDIOCRACIES.
If you consider all this, success in trading , is really a daunting task and it is hardly surprising that 95% supposedly fail at it.
Yes, to manage emotions and improve the strategy. I found journals to help me to shape my subocnsiousious into being succesful and costant trader. We are coming from unusual start - big capital, zero knowledge and Suisse banksters brainwashing. Thanks to the journals I was able to build me back. At one point I used coloured oensils to difine emotions which made me lose a good or wrong entry, the emptions I had once in position. And this also helped to clear the water. I no longer using colours and my new trading jounal is simple ans short....it"s changing shapes along with my own transformation.
fortunately, i did not have a lot capital when i started out 10 years ago what i had did the famous vanishing trick.
I noticed you are a woman they are better with managing money though they may enjoy spending-who does not
Suisse gangsters or banksters is that on purpose; bankers should not they be called. Managing your own money is wonderful and feels so.
do you have a journal here...it does take some time especially if you scalp like me.
you can check the later trades i made in the last two days.