Further to my earlier post regarding maintaining a Basic Trading Journal. See attached link
http://www.dukascopy.com/tradercontest/?action=post-read&post_id=12677
Here is how you could analyze your trading journal.
http://www.dukascopy.com/tradercontest/?action=post-read&post_id=12677
Here is how you could analyze your trading journal.
- Every 30-40 trades, do the full review of the journal.
- Look at each trade and assess its quality, and look at the chart to see what happened later.
- Look for common patterns of errors or things you can improve, such as: shall I place stops a bit wider, shall I take profits earlier or later, shall I skip some kind of setups, etc.
- Look at the currency pairs you were most profitable, the day of the week you were most profitable etc.
You have to know your setups and their probabilities. Then, once you see them you must act with
conviction and without hesitation
conviction and without hesitation