payroll, fomc, Crude oil inventory reports) and different holidays affected your trade. Customers do not wish to order other types of beers and hence choose to leave earlier for another bar joint for their favorite beer. You might have experienced losses for the first 3 months, but if you really analyze your trading behavior, you would better understand what went wrong and how it can be optimized. What thoughts were going through your mind when the trade went against you? What Is A, trading, journal, long gone are the days where you simply jot down your trade entry and exit price and calculate your profit and loss. Our TFA Trading Journal is much more comprehensive and can help you achieve so much more in improving your trading.
Most of the other trade tracking solutions charge recurring yearly or even monthly fees. The above examples are just a couple of ways you can optimize your trading. You can see that it gives a lot more information than a simplistic reward risk ratio (although it did calculate that as well). This is an example of an old excel spreadsheet trading journal, i used to use and what it looked like before becoming a little more high tech. I am now able to back every trading decision with statistics, instead of just placing a trade and hoping for the best. Like every successful business, you need to know what are the strengths you can build on and the weaknesses you can avoid to maximize your profitability and success of being a full time. There are a few reasons I picked. Currency trading has so many crosses and tracking which ones give you the bulk of your profits could help you cut back on the number of trades you take. I was looking for a proper trading journal for some time and finally found TradeBench. You can see from the table above that with an initial investment of 5,000.
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