Home » Nifty Futures,Stocks, Forex and Commodity Technical Analysis, Trading Psychology

Need of Trading journal for Successful trading

9 November 2011 3,170 views 12 Comments

Trading is a process of continuous learning. If a trader pays close attention to what was done wrong or could have been done differently in past trades, a trader can greatly improve future performance.
For example, a trader may notice that there is some commonality in certain trading situations. In fact, by doing a postmortem on all trades, a trader may be able to identify indicators with high degrees of confidence. Likewise, a trade postmortem may reveal a flaw or omission in proper trading procedures. In any case, a trader must make every effort to limit losing trades and a thorough trade postmortem is an important part of each trade.

The trade postmortem and analysis is the final step in closing out a trade. A trade has not been completed until this vital step has been accomplished.

Your Losing trades are your weakness where you were defeted by markets.Do not let your loss go for nothing.Learn from it,Analyse your mistakes.

Most Profitable Traders talk to themselves.Spend time with urself ask Yourself question i have listed and be Honest with the answer.

You yourself are your best critics

  1. Did I follow my trading plan properly?
  2. Did I do anything wrong and if so, why?
  3. If I did follow my plan correctly but I lost money, I am not hard on myself. Sometimes this happens!
  4. If I didn’t follow my rules but still made money, however, that’s a problem.
  5. “Why didn’t I follow my rules?”
  6. Was it lack of confidence in the system?
  7. Was it Fear?
  8. Or did my ego want to be the hero that sold the high?”
  9. If I bought or sold too soon, I want to find out why.
  10. Be honest, and ask good questions:
  11. “What worked?
  12. What will I do differently next time?
  13. What was I feeling when I ignored that trade?”

The Trading Journal-your best friend.

Do let me know your comments on trading journal.

Interested in Learning How to trade in Nifty/Stocks Profitably Intraday/Positional

If you are Loosing Money while trading it is because of 3 Reasons

  • No Trading System -To Generate levels
  • No Trading Plan -To Execute Trades
  • Lack of Discipline
  • Not Maintaining Trading Journal

We can help you out in on the same bottlenecks and help you in trading profitably.

Call@09985711341

Email@bhandaribrahmesh@gmail.com

 

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

12 Comments »

  • hitesh said:

    Hi,Sirji,

    Can we have Trading System -To Generate levels…

    Thanks

    Hitesh Vasani

  • HEMANT PATIL said:

    DEAR BRAMESH
    WHEN YOU ARE SUCH A GREAT GURU (which i personally feels) in technicals why you dont conduct some trading courses or publish some technical refrence books which will help us.

    you are a wizard in technicals i really salute you

    HEMANT PATIL

  • Bramesh (author) said:

    Dear Hiteshji,

    I have sent you my course details plz have a look at that.

    Please let me know if you have any doubts.

    Rgds,
    Bramesh

  • Bramesh (author) said:

    Dear Hemantji,

    Thanks for your kind words. I am just a normal person no trading guru.

    I have started conducting TA courses.I have sent you details,Please have a look at them.

    I really appreciate your words,They have give me booster of keep moving forward.

    Thnaks

    Bramesh

  • Ratindra said:

    Hi,
    Plz send me details of TA.Wld definitely like to have a look.
    Thanks,
    Ratindra

  • Nikita said:

    Sir,

    Can you please send me the details as well.

    Thank You.

  • santosh said:

    hello sir

    Can you please send me the details

  • VAIBHAV said:

    hello brameshji — i m regular follower of ur blog — u ve indeed qouted wonderful insights– a must read for a trader — keep it up

  • sadashiv said:

    plsend me the course details
    thanks in advance

  • Bramesh (author) said:

    Thanks Sir

    Rgds

  • Bramesh (author) said:

    Hi All,

    I have sent the details as requested.Please get back to me in case of any clarification.

    Rgds

  • MANISH said:

    send me details.

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.