This month started so well and then it went straight down the tubes. I was disappointed that I wasn’t able to reach my goal of being profitable every week. I guess I have to go back to the lab and do more testing.
I had a win percentage of 48% and lost 3.8% of total capital this month. This is so frustrating, I just keep going back and forth, not making any headway!!
The good things this month were:
- I have instituted weekly reviews
- I am keeping better track of trades and the situation surrounding the entries and exits
- I also have another notebook for testing and I am recording all of the parameters and questions I have about a particular trade
- I did a much better job of posting my trades on this blog
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Hugh,
I also do weekly reviews of trades, but want it to become more productive. How exactly do you go over your trades each week?
Thanks,
Justin
Hey Justin,
I started taking notes in a notebook, reasons for taking a trade, moving of stops, confidence in the trade, etc. Then I look at my statement to double check the numbers. Finally, I take a screen print of my chart and actually mark off where I got in and out and everything. It helps me see what I did wrong/right. Then I put it all together into a blog post.
At the end of the week I compile all the trades and go over them to see any patterns.
You probably do something similar…what do you do?