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One of the biggest steps you can do to improve your trading greatly is by journalling every trade you take.
Once you have a large list of trades, you can eventually mitigate new criterias to start detailling in which scenarios + filters give you higher success/returns.
Once you have a large list of trades, you can eventually mitigate new criterias to start detailling in which scenarios + filters give you higher success/returns.
Once you file down further & further into the rabbit hole, you'll then be able to remove certain trades to focus on the best of your setups.
This process will forever be on-going, making sure you are continously learnint & improving your strategy.
This process will forever be on-going, making sure you are continously learnint & improving your strategy.
Does it take a lot of time?
Yes.
Is it boring?
Yes.
But if you are serious about your trading, then these are vital steps to making sure you are working at the highest level you can possible be doing so.
Yes.
Is it boring?
Yes.
But if you are serious about your trading, then these are vital steps to making sure you are working at the highest level you can possible be doing so.
My original spreadsheet just showed the ticker, date, trade direction & a image.
Now it has over 20 different criterias which the strike rate & return v these criterias.
This enables me to find out which setup triggers give me the best probabilites.
Now it has over 20 different criterias which the strike rate & return v these criterias.
This enables me to find out which setup triggers give me the best probabilites.
It's a constant back & forth between 3 factors.
Trade
>
Journal (review)
>
Improve
Trade
>
Journal (review)
>
Improve
