TRADING JOURNAL
A trading journal is a powerful tool meant to help become a profitable and stronger trader. Essentially, it is a written record of what happened during a trade.
1. Follow THE rules
- Speculate what markets wants to do
- Be inline with technical aspects
- Follow smart money and supply/demand zones
- Buy at support and sell at resistance
- After three losses, stop trading
2. AVOID mistakes
- Do not chase the price
- Stay patient (wait for pullbacks)
- Max 10 trades a day
- Max loss a day 30 USD
- You are Manager of your trade and Market is your boss
3. CHARTS
25/04/2022 – 01/05/2022
4. Weekly summary
- This week i have slow down, i did not take 1000x mini overtrades, which is very good sign
- I have also understood how important time is to the price action, you need to be patient and leave space for price to move up/down, it always needs time
- I have discovered new way of shorting binance bounces ~+20%, so far i am positive on this strategy
- On the TD365 i have also release position on currency pairs, currently running EUR/USD assuming that EUR will get stronger anytime soon
- I have lost bit money on MET (metroverse) overall, but did not over trade or anything like that so no big issue.
