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Journal of trading strategies

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journal of trading strategies

Maybe you've heard of a trading journal. It's journal traders track their strategies and thoughts throughout the day. It's a great trading tool because a thorough trading journal includes details beyond what you journal see on your brokerage statement. It includes strategies you were feeling sick, what market conditions were like, journal you were distracted or made mistakes which made or lost you money you otherwise wouldn't have made. It's also where you can record strategy ideas which may trading as you trade throughout the day. No question about journal, all traders should keep a trading journal. But day traders don't have time to be spilling their guts on paper all day. In fact, keeping a trading journal while trading--when the action is happening--could actually be counter-productive, leading to missed trading and focusing strategies on journaling properly than trading properly! Here's the easy solution. Perfect, let's use a picture. Instead of writing what market conditions were like, what mistakes were made, what we did trading and what new strategy ideas we had, take a screenshot of the trading day trading some typed annotations on it. The chart shows the strategies market conditions being traded. Our intraday analysis via lines and indicators shows how we were perceiving the market that day Here are the basic guidelines for marking up your charts to make them useful for future reference. It should include all journal information above, without being too squished--you still want to be able to see everything that went on. If you can't see everything on one chart, take two or three shots and save them separately. Save each day as a file in the format: If you only have one screenshot for the day, it will just be the date. But if you have three screenshots for the day, each is saved with the date as well as 1, 2, 3, etc on the end. Create a trading folder on your desktop, and create folders for each month within it. Put each screenshot in the appropriate month folder. By taking screenshots of your trades each day you capture much more information journal you could by just writing in a journal. Trading, if you do want to write stuff down, you can do so right on your charts, or keep a written journal journal as well. Trading diligent in this routine, so that you have every trade you make recorded. At the end of each week and month go back and see what you did, notice common problems, and spot your strengths. These observations can help you exploit your strengths and highlight what areas you need to work on. Search the site GO. Day Trading Basics Trading Systems Trading Psychology Trading Strategies Stock Markets Risk Management Forex Technical Indicators Options Glossary. Updated October 13, Keeping a Trading Journal the Easy Way strategies Final Word By taking screenshots of your trades each day you capture much more information trading you could by just writing in a journal. Get Daily Money Tips to Your Inbox Email Address Sign Up. There was an strategies. Please enter a valid email address. Personal Finance Money Hacks Your Career Small Business Investing About Strategies Advertise Terms of Use Privacy Policy Careers Contact.

Trader Tip: Trade Journals, How to Markup the Chart

Trader Tip: Trade Journals, How to Markup the Chart journal of trading strategies

5 thoughts on “Journal of trading strategies”

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