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. TRADING PLAN & RULES
Look at numbers – not charts, check daily price trends
Time Element – Critical aspekt to find pivotal points/major swing
Numbers & Time Element – Crucial for major swings
Survival – trading is all about survival
Inventory – You hard earned cash is your inventory, never stockout, apply risk management rules
Getting rich Plan – mean repeatable trading proces plotted into months, no days, go towards swing trading
Market has no feelings – you cannot persuade it easily, that is why doctors, CEO, sales people cannot become profitable
Consistency – Sticking to plan is the only way to become consistenly profitable trader
Todays market price – has already factored all news and economy
Technical Aspects – Be inline with technical aspects to increase probability
Smart Money – follow smart money and supply/demand zones
Indicate Support and Resistance
Do not chace the price, stay patient
3. Weekly summary
- Learning more patience, reading books, entering position in 4x batches instead one, risk management at first
- Sometimes still too bullish bias while all is clearly falling down, learn how to sell instead buy, you bought already MET and PORT shit so now need to store it down to zero. Fucking shitty investing, all is scam really, 99% goes to zero in 5y