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This is 100% applicable to trading!
Do not forget about your losses and do not ignore your wins.
Everything matters! Everything can be a learning experience!
Want to be a more informed and disciplined trader?
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What is your trading study plan this weekend?
Here are some suggestions:
- Compare your performance in previous quarters
- Screen for symbols and make watchlists (@ezstockscreener)
- Review your losses and winners of last week and take notes
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As a trading journal, here is a list of things we think that are important to ANY trader:
1. Performance comparison across timeframes
2. Volume/# Trades/PnL analysis vs All trade attributes (price range, time of day/week etc.,)
3. Risk statistics(MAE, MFE, R-value etc.,)
(1/3)
Learning to take punches is harder than learning to throw a punch.
If a small loss tilts you for the day, then you still have ways to go before you become a successful businessman.
Remember ➡️ Trading = A Business. Treat it like one. Get used to the ups and downs.
#trading
📢📢 New feature 💡
We already have: ✅
Trade expectancy, Risk/Reward cumulative stats all your trades
Now, we have Van-Tharp's R-value charts 📊 as well as part of the general statistics!
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Difficult to navigate current markets.
Golden rule: If you don't have a plan, don't trade.
Visit your old trades and analyze how you performed during similar market conditions.
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