One Secret to Daytrading Success
This secret is so obvious but hardly ever used and not thought through
properly. The secret is to use a TRADING DIARY to record ALL of your
trades and comments. It's as important as any other aspect of trading
and here's why.
Because you need to know what is working and what isn't. Also your
personality and emotions can affect your trading, so you need to be
able to analyse your trades in the cold light of day at the end of every
week or month.
Your diary should record the date, time, market, setup, entry, profit target,
stop loss, exit, long or short, actual results, comments. Very important is
to include a chart of the trade at entry. Print it off and stick it in a lever
arch file. Become a chart saver and you will soon see where your going wrong.
Because at the end of the month print off a chart and compare with your entry
chart. You will learn many lession like entering at the top of the move or
entering to late or exiting to late. Whatever trading you do it will improve
a 1000% fold by keeping a diary and chart book and analysing your trades every
week or month. I do and it works.
If you have no stock market edge then just ask a GENIE!
Stockmarket GENIE trading system
|
|