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
- Take only high quality trades (Ratio 1:3, be patient)
- Follow Smart Money and Supply/Demand zones
- Buy only at resistance / sell at resistance
- After three losses, stop trading
2. AVOID mistakes
- Do not chase the price
- Stay patient (wait for pullbacks)
- Max 3 trades a day
- Max loss a day 30 USD
- You are Trading Manager and Market is your Boss (he is your BE or NOT TO BE)
3. Trades Analysis
- Table
- Comments
- Charts
Table
[ninja_tables id=”174″]
Comments
- US30: Amazing entry, move did later on 300 points while i left after 74 because got scared of too many profits so far
- EUR/ZAR: Could get 2x more profit if i would be patient enough to keep 2:1 Reward To Risko Ratio
- Before/After i took series of small loosing trades because of overtrading with no set up, wrong stop loss and generally playing a game instead doing a real business
Charts
