Day Trading: 4 Books in 1: The bible of how the Market Works for Options, Swing, Forex and Futures. How to use psychology for a Living with the best tactics and strategies for earning Passive Income by Robert Stock

Author:Robert Stock [Stock, Robert]
Language: eng
Format: epub
Published: 2020-01-15T17:00:00+00:00

Apart from this information, you also need to record other things so that you make the most out of each entry:

The date: this shouldn’t be left out of the journal. Not only does it help you to track what you were doing and when you were doing it, but it allows you to go back and look at the performance of the stock on that date in future. Never assume that you will rack everything in your brain!

The Time Frame: do not just record the date, but make sure you know the perfect time for each entry. In the world of trading, minutes matter. Trading in the morning can make a huge difference compared to trading in the afternoon. For instance, the setup that works for you during the morning hours might not work the same way in the afternoon.

Price in: this is the point where the journal starts working well with the trading plan. When coming up with a trading plan, you set the key tactics such as the entry point, the exit and what you plan to gain from this trade. This helps you to stick to the plan and then keep emotions out of things. In the journal, make sure you note the price at which you entered a successful trade.

Price out: don’t just mark the time that you entered the trade – also take note of the price that you exit the trade too. The exit is also as vital as the entrance. Keeping this data allows you to analyze whether you are staying in a position for the right amount of time. Note any difficulties that you encounter getting out of the position, as this might affect the level of risk next time.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.