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
Trading is probability business – series of trades over singles trades
Think from market perspective – and stick to this plan by correct execution
Create and edge – put odds of success in your favour
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
13/06/2022 – 19/06/2022
btc 16.06.22
OGN 17.06.22 – 2
OGN 17.06.22
ONE 18.06.22
STORJ 16.06.22 – 2
STORJ 16.06.22
stx 18.06.22
3. Weekly summary
- Constantly learning about trading, mainly psychology
- Still making same mistakes
