Documenting your trades

You'll soon be able to...

1. Document & record your trades to provide valuable insights into your trading efficiency
2. Quickly identify your trading strengths & weaknesses

You'll learn

1. What to include in your trade log / journal
2. How to document it
3. How to analyse the valuable information it dispenses

Why should you learn this

To improve your trading skills, you need to analyse your trading performance

• Promotes discipline
• Helps mental well-being
• Invaluable performance metrics

If you don't learn how to document your trades

1. You'll be less disciplined as a trader
2. You'll be trading semi blind
3. Your confidence will erode when you have a losing run

What it will be like, you can..

1. Analyse trading performance
2. Elevate you trading to a new level
3. Become comfortable & fully accepting of a losing run
4. See system isn't broken & winning trades prevail

Steps

1. Select metrics
2. Open and name spreadsheet
3. Input metric headings
4. Populate with trade details
5. Analyse

Step 1: Decide what metrics to include

• basics
  • Date
  • Day of week
  • Time
  • Instrument
  • Pattern
• Other metrics
  • Factors that add value to the trade
    • Divergence
    • Value zone
  • Factors that adversely affect the probability of success
    • Road block
  • Results
  • Notes
  • Link / Pic