Journal Trading

Is automatic, automatically, and once again automatically. Lucky discrete traders are rare. It is often natural talent – a mix of temperament, intuition and even motor skills, which most mortals lack. We have often admired as a master of making progress just by intuition or first impulse, but most of us can not sell. We're too emotional. We are all currently experiencing greed or fear, focusing on our emotional feelings.

We take profits too early and letting losses grow too long, too confident in our trading system and the ability to anticipate market. C On the other hand, anyone who has enough patience and willingness to work can develop a mechanical trading system that brings success. To be successful you must have the ability to rigidly set buy and sell signals, that can not be changed. Even a weak system, which should be better than perfect system, which is followed only occasionally. Easy to trade, even if it seems silly at this point leads to a much greater financial success than the game on a mixture of intuition and personal assessment of the situation. Automation is killing the momentum, because it pulls you out of the driver's seat.

If you spent time and energy to develop its own trading system you must first restrict ourselves to the orders of your system, like a robot. Keep a journal. In addition to tracking the usual things, such as entry and exit, the reason for trading and lessons learned, Journal of Trading can help you see how you follow your system.