Wednesday, December 18, 2013

Learning to trade

 This is why it is so important to keep trading records so you can learn from your trades this will increase your chances of making money on a trade. You want to build on our success and stay away from trades in which you have not followed your plan. Weekly points Number of points for the day or week Return on investment did you win or lose Percentage of  profit for the week
The amount of commissions There are numerous columns you can create to gain important information about you and your trading. The key is to document every item that affects you while trading. Once you have collected this data on a regular basis, you will start to see patterns in your trading that are either helpful or need your attention to correct. When you start a Trading Journal you will ask yourself how you ever got along without it in the past. This may seem like a lot of extra work but remember, your competition most likely is trading out of boredom thinking that the trades are going to give them something. You should know that whatever you take from the markets is from hard work over the other traders.