Regardless of what level of trading experience you have, there are bound to be moments when you feel that you are stuck and can’t get a breakthrough. Today we discuss some ways to help you bring your trading to the next level.
A trading journal is one of the most underrated tools in trading. A well-documented trading journal will enable you to track your progress and review your mistakes. Hence it is important for you to record down every single trade that you have transacted. These are some of the information you should include in the journal:
Instrument namePrice of entry and exitDirection of tradeReason for entry and exitDate and time of entry and exitPosition sizeCommissionCharts or video recording (optional)
At the end of each week, look back at your trade journal and examine what are the trades that consistently causing you to make or lose money. For