Trading journal

 

Many say, study the history, and review and learn.

 

The following points are actual snippets from my trading journal

  • Only trade when there is a definite signal
  • Keep a crystal clear and an unemotional (unperturbed) mind when;
    • analysing chart
    • entering and
    • exiting
  • It is definitely manipulated
  • SL is definitely chased – be smart about it
  • I want to be sure (100% certainty) that I will profit when entering
  • Monitor at entry and exit, my preference is manual (regardless of auto order)
  • Always trade following the long term trend
  • Always be ready to trade at the right market sessions
    • London time
    • Close all trades before peak NY time
  • Know know know my chart
    • end of day and weekend: do my chart, my prep and my review
  • Taking profit too early is fine, it is still a profit
    • small things surely and regularly will add up
    • forego too little profit
    • profit is still a profit
  • Keep it away from unsupportive people
  • Learn to trade long term trades (1000+ pips)
  • RM (risk management) is important
  • MM (money management) is important
  • Choose your broker carefully
  • Learn from others constantly