Use a stock Trading Journal for successful Investing

Thursday, December 23, 2010

The market changes each time and it is extremely important to keep track of everything you do in a stock trading journal. Have a few different records where I track I monitoring strategies and future concepts I developed. In fact, I am one of those who have a place of all during and at the end of the day gather and document those are important so the idea or the symbol isn't lost.

Even in the habit of taking screenshots of charts you can come back to a folder on the desktop and the date and what specifically was looking at. This proves to be a useful reflection strategy that allows you to look back to a window in the previous paragraph and psychological processes, where you can then take that experience and convert it into future learnings to see how it reacts to certain indicators shares in some key moments. Your having the static image with comments really helps to develop into a major technical chart.

Now before you get overwhelmed with the idea to record or take notes on your traded, remember that you must be a daily activity. To each his/her own, and do what feels comfortable, but at least try it for 30 days to see if you can find value, even if you only notes 2-3 times per week. I am quite sure you will be able to see growth in what areas you are making progress, or what you're probably stuck in regions. I don't know how many times can I recall a symbol and I go back and look at, and if I don't have my notes could just as easily lost.

Another key point to be made here is you can't compare yourself or your return to anybody else. This is a primary mistake you can make a trader that causes other plan, whether they are achieving results in either want or believe they should have. You're job is to you, that involves determining what type of trader you want, and creating a marketing strategy around personality. Do not copy intelligently other models role negotiation style, as everyone is cut out to be a momentum trader or a long-term trader. Should become the best trader you can rest, because If you try to trade away from business style will eventually sabotage your trading results.


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