Knowing when to "stop" is crucial.
What would one consider "losing"? 1 day? few days? a week? -$1000?
All of this is subjective.
One can also ease down and reduce their trading size.
Putting a halt/slamming the breaks depends highly on the intensity of the situation.
There could be a million reasons why you lose a trade. But how the real question is how do you stop making those losing trades?
Time, Size, Side, market conditions, indicators, etc.,
Sounds complex? Itโs not.
Read more ๐
https://t.co/9G6790n2sU
Search for trades with:
* tags starting with 'A'?
* tags that match multiple results?
* options symbols that have a particular expiry month?
* no tags?
* same underlying?
* any tag except for certain tags?
All of this is possible on https://t.co/2blWUckDu9! ๐งโ๐ฌ
So many new traders start out by taking huge risks, blow up their accounts and quit quoting many reasons.
A lot of these "failed" traders could have very much become successful traders had they started small and learned from their mistakes.
#psychology #trading
It's interesting to look at the seasonality chart for tickers during times like these... what is the damage we can expect going forward?
10 years $SPY seasonality ๐
Do more with your account - not just your trade analysis, but also learn the markets!
https://t.co/gnY7J1Kba6
If you want the learn the **simplest** and most **useful** way to analyze your trades, please take a look at this ๐
It's a very common problem faced by MANY new and experienced traders alike and a few mins of reading this can give you a great intro to effective journaling! โ๏ธ
Large divergences from yesterday: $LYV
How do we scan for this? Check out the easy-to-build unusual options pattern screener in your https://t.co/gnY7J21ec6 dashboard:
https://t.co/Cwu24zUpks
Another trend: Most sweeps bought with continuous increase in 5 days: $RIVN
Most traders already spend hrs staring at charts.
We are trying to make at least your journaling process fast! ๐
Examples:
* For all futures traders using NinjaTrader, use the TradesViz plugin to sync ๐ your trades in real-time!
* 1-click-sync for popular brokers!
If you are in need of a screener, look no further than @ezstockscreener!
Created by the same team that built @tradesviz so you know it's going to be good! ๐ค
Advanced indicators, super-flexible, and easy query-based screener construction + the analytics prowess of tradesviz!