This is a must for serious traders out there...
Here are a few basic notes you should put in when doing your trades. Document your trading activities...
1. Market Conditions - volatility, trends, etc...
2. Entry Reason, Time and Price - without a reason, you shouldn't be in that trade.
3. Exit Reason, Time and Price - same
4. Long or Short Trade - mostly this is long for the Philippine Stock Exchange. we don't do short trading.
5. Conditions during the Trade - What happened to the market during the trade... was it favorable or not to your trade...
6. Money Management - position sizing, etc..
7. Chart Attachment - Attach the charts you used when you made the decisions.
8. Day's Weaknesses - Recognize the patterns in the day that made things hard for you. Where there a lot of distractions that kep you from trading properly?
9. Day's Strengths - Recognize the patterns that made things work for you. What made you focus etc.. that made you do well.
10. Any other thoughts - anything you feel worth noting.
(43-681) 10 262-546
No comments:
Post a Comment