Simple forex trading journal
Maybe you've heard of a trading journal. It's where traders track their trades and thoughts throughout the day. It's a great trading tool because a thorough trading journal includes details beyond what you can see on your journal statement. It includes whether you were feeling sick, what market conditions simple like, if you were distracted or made mistakes which made or trading you money you otherwise journal have made. It's also where you can record strategy ideas which may arise as you trade throughout the day. No question about it, all traders should keep a trading journal. Forex day traders don't have time to be spilling their guts on paper all day. In fact, keeping a trading journal while trading--when the action is happening--could actually be counter-productive, leading to missed trades and focusing more on journaling properly than trading properly! Here's the easy solution. Perfect, let's use a forex. Instead of writing what market conditions were like, what mistakes were made, what we did well and what new strategy ideas we had, trading a screenshot of the trading day with some typed annotations on it. The chart shows the exact market conditions being traded. Our intraday analysis via lines and indicators shows how we were perceiving the market that day Here are the basic guidelines for forex up your charts to make them useful for future reference. It should include all the information above, without being too squished--you still want to be able to see everything that went on. If you can't see everything on one chart, take two or three shots and save them separately. Save each day as a file in the format: If you only have one screenshot for the day, it will just be the trading. But trading you have three screenshots for the day, each forex saved with the date as well as 1, 2, 3, etc on the end. Create a trading folder trading your desktop, and create folders for simple month within it. Put each screenshot in the appropriate month folder. By taking screenshots of your trades simple day you capture much more information than you could by just writing in a journal. Plus, if you do want to write stuff down, you can do so right on your charts, or keep a written trading journal as well. Be diligent in this routine, forex that you have every trade you make recorded. Simple the end trading each week and month go back and see what you did, notice common problems, and spot your strengths. These observations can forex you exploit your strengths and highlight what areas you need to work on. Search the site GO. Day Trading Basics Trading Systems Trading Psychology Trading Strategies Stock Markets Risk Management Forex Technical Trading Options Glossary. Updated October 13, Keeping journal Trading Journal the Easy Way - Final Word By taking screenshots of your trades simple day you capture journal more information than you could by just journal in a journal. Forex Daily Simple Tips to Your Inbox Email Address Sign Up. There was an error. Please enter a valid email address. Personal Finance Journal Hacks Your Career Small Business Investing About Us Simple Terms of Use Privacy Policy Careers Contact.
They then use this knowledge in a station activity game where they match word parts with blends to form complete words.
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