5 Things You Must Have In Your Trading Journal ??

Published on December 18, 2024

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Why you need a Trading Journal and 5 Things you must have in your trading journal. http://www.financial-spread-betting.com/course/trading-diary-journal.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! A trading journal or trading diary is dull but it will give you the biggest improvements in your trading and personal development as a trader. Most traders are focused on the next big trade but they are missing out if they don’t document their trading. Redoing.

1) Mental State – this is how you’re feeling on the day you’re trading. This will allow you to identify the mental states that you should be avoiding or periods where you should be trading.
2) Trade Performance – document every single trade during the period. Your entry, your position size, why you got into it, what setup, how the trade went, the amount of profit or loss you made or suffered and what the trade did before and after you got in.
3) Market conditions – trends? was it a news economic announcement? was the market choppy? ..etc
4) Positives + Negatives – be brutally honest about your trading performance. Positives could be ‘I analysed the market’, ‘I waited for the trade’, ‘I didn’t go too big’. Negatives could be ‘I closed the trade before my target’, ‘I traded in too much size.’..etc
5) % Goals Achieved. Making an X per trade is not an achievable goal. Are you sticking to your goals in your trading plan?

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5 Things You Must Have In Your Trading Journal ??, Forex Position Trading Journals

Forex Position Trading Journals, 5 Things You Must Have In Your Trading Journal ??.

Understanding Brief Settings.

When developing a brief setting, one need to comprehend that the investor has a limited capacity to make an earnings as well as infinite possibility for losses. That is since the potential for a profit is restricted to the stock’s distance to no. However, a stock can potentially increase for years, making a series of higher highs. Among the most unsafe elements of being short is the capacity for a short-squeeze.

A short-squeeze is when a greatly shorted supply all of a sudden begins to increase in price as investors that are short begin to cover the stock. One popular short-squeeze occurred in October 2008 when the shares of Volkswagen rose greater as short-sellers scrambled to cover their shares. During the short-squeeze, the stock increased from roughly EUR200 to EUR1000 in a little over a month.

What is a Short-Position.

A short, or a short placement, is developed when a trader markets a protection initially with the intent of buying it or covering it later at a reduced price. A trader may decide to short a security when she thinks that the rate of that protection is likely to reduce in the near future. There are 2 sorts of short placements: naked and also covered. A nude brief is when a trader sells a protection without having possession of it. Nevertheless, that technique is prohibited in the U.S. for equities. A protected short is when a trader obtains the shares from a stock finance division; in return, the trader pays a borrow-rate while the short position is in place.

In the futures or fx markets, short positions can be created at any time.

Recognizing Short Settings.

When developing a brief position, one need to understand that the investor has a finite capacity to make a revenue and unlimited capacity for losses. That is since the capacity for a profit is restricted to the stock’s range to absolutely no. However, a supply might potentially climb for several years, making a series of higher highs. Among one of the most dangerous aspects of being short is the potential for a short-squeeze.

A short-squeeze is when a heavily shorted supply instantly begins to increase in rate as traders that are short start to cover the supply. One renowned short-squeeze happened in October 2008 when the shares of Volkswagen surged higher as short-sellers scrambled to cover their shares. Throughout the short-squeeze, the stock increased from about EUR200 to EUR1000 in a little over a month.

  • A brief placement describes a trading strategy in which an investor sells a safety with plans to buy it later.
  • Shorting is a strategy utilized when a capitalist anticipates the cost of a security will certainly fall in the short-term.
  • In common method, short sellers obtain shares of supply from an investment bank or various other banks, paying a charge to borrow the shares while the short setting remains in place.

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Category: Position Trading Submitted by: MateoKarter

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