Ideas for Building Your Personal Trading Journal
The #1 reason traders fail is due to lack of experience. The best way to speed up your learning curve is to keep meticulous records using a trading journal.
The #1 reason traders fail is due to lack of experience. The best way to speed up your learning curve is to keep meticulous records using a trading journal.
The Market Internals are similar to the instrument cluster on your car, without them you really donโt know which direction you are headed or how fast youโre moving.
What is the meaning of life, and what is the point of it all?
Two questions posed by author Tim Ferris in The 4-Hr Work Week.
A traderโs main job is to organize market information into an identifiable sequence, providing an edge. This edge is the result of a statistical advantage from a given set of trades over time.
Your current trading strategy blows; itโs time to search for a new one. Thatโs what a lot of traders think when they are not seeing consistently profitable results. What you probably donโt realize is that you have all the tools; itโs just a matter of fine tuning.
The first step to becoming a successful trader is developing a sound foundation of tools and knowledge in which to trade. Whether youโre new to trading or been at it for years, the tools and strategies outlined here provide a solid foundation for a successful trading career.