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
Numbers Instead 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
2. CHARTS
06/06/2022 – 12/06/2022
gst 08-06-22
us500 – 10.06.22
3. Weekly summary
- Going more towards what Mark Schawzin is saying and Zaorski is doing, they are no intradays, they hold on trades for minimum several days, up to weeks
- Still doing intraday trades, learning how to scalp etc while loosing entire picture from time to time still
