Right now as I sit and write this article, it’s coming up to the end of 2008 and I’ll be shortly taking a well-deserved break from the markets and my website. Of course, as an admission that I’m addicted to trading, this won’t be a total break. I have some trading books to read and…
One of the greatest processes you have at your disposal, for maximizing your learning and fast-tracking your development as a trader, is your review process. Let’s have a look at how I recommend you carry out this often-neglected part of your daily trading routine… For too many traders, the review process is simply entering their…
As we come to the end of year you’re all hopefully spending some time to review the prior year and plan the upcoming year. Maybe you’ll even make some New Years trading resolutions! The following five steps will assist in making better plans and resolutions; hopefully allowing you to stick to them beyond the 2nd…
Last week we added some structure to our growth and development as a trader, exploring how we could use our review process to drive our progress along the development pathway. Check it out here if you missed it – https://yourtradingcoach.org/trading-business/its-time-to-fight-to-get-to-the-next-level/ The summary version of the plan was as follows: (1) Find where you currently reside…
In a previous article we discussed the various levels you need to pass through on the way to achieving your long-term trading goals: See here if you wish to explore this path in greater detail – https://yourtradingcoach.org/trading-business/its-time-to-fight-to-get-to-the-next-level/ And we also discussed the process required to drive your development through each of these levels: This has…
You might like to consider your review process as the vehicle which drives your trading business to its ultimate destination. Whether that destination is ongoing improvement and eventual success… or continued mediocrity, frustration and failure… is completely up to you. If you’ve got nothing in place, here is a simple process to get you…
Day Traders If you’re not currently profitable, or achieving the level of success you wish to achieve… Is your current situation something like this? WRONG! WRONG! WRONG! I know there is a LOT to be learnt through live trading. But it’s the review process which drives growth and development. You’ll see things during a…
Here is another way to track and review trades… with a classification system that makes it a little bit of fun! During your post-session review you classify them into one of three categories: The Good – Trade ideas which DID have edge and were well managed. The Bad – Trade ideas which DID have edge but…
Last week we looked at a simple method for classifying trades based upon a post-session assessment as to (a) whether or not the trade idea did offer edge, and (b) how well we performed in managing the trade. Let’s repeat the key points from that article (or click here to review it in full)….
I receive a LOT of requests to review people’s trades. Rarely winning trades. Almost always a trade which either lost or was scratched at or near breakeven. “Was this a good trade?” “Was I right to take this trade?” “Should I have (entered earlier / entered later)?” Or any other variation of these type of…
