Become a profitable trader Learn How?

29
Jan

0

Break-Even Trades In The Edgewonk Trading Journal

With one of our latest updates, you can now also track break-even trades in your journal.

Being able to distinguish between winning, losing and break-even trades can be very helpful because it allows you to get new insights into your trading behavior.

Break-even trades and psychology

Besides being able to differentiate between the different outcomes of your trades, it can be even more interesting to understand how your break-even trades are created.

Although break-even trades can be a part of one’s trading strategy (moving the stop loss to break even after price moved a certain amount in your favor) emotional decision-making can also be an issue.

Especially when traders are in a losing position, many just hope that the price will return to their point of break-even to get out. This clearly shows emotional trading and is mostly not the optimal approach.

23
Jan

0

Reducing Variance To Improve Trading Profitability

In this week’s review, we will understand how to improve an already profitable system and what to be aware.

What really stood out in this journal is the impact of variance and being able to find specific components of a trader’s performance that are responsible for a significant amount of variance can be worth a lot.

Finding such specific areas in one’s trading is only possible through journaling when your trading journal allows you to break down individual components of your trading strategy.

08
Jan

0

The Edgewonk January Update Is Here

Welcome to 2018!

We just released a quick update with a few fixes. The new version of Edgewonk is now 2.0.27 and you can check your version number under Settings > Your License.

This time, we mostly made a few changes, improvements and worked on things in the background:

– The 2018 year filter is now available
– You can change between monthly and weekly running statistics in the Home tab
– The currency symbols are now working again for all journals and platforms

03
Jan

0

The Power Of The Custom Statistics – Edgewonk Journal Review #3

This week, we have received a journal from a trade who is barely breaking even with his trading system.

When reviewing his journal, we found a few areas that could make a huge impact in his way of trading.

At the same time, the way he used his Custom Statistics to track very specific aspects of his trading will help him when tweaking his system and shows how effective the Custom Statistics can be.

19
Dec

0

How To End The Trading Year And Get Ready For A Great 2018

The time between the years, when markets are quieter and everyone is in holiday mood, is the perfect time to prepare yourself for the next trading year and get ready for a fresh start.

“I wish I had been more committed this year and taken trading more seriously. I did not reach my last year’s New Year resolutions and made little progress” is a phrase that many people will say during this time of the year.

Don’t let another year pass by without taking the actions you know will bring you closer to success. We show you how to make the next 365 days count, so that on December 31st 2018 you can look back satisfied and with improved trading results.

08
Dec

0

The Edgewonk December 2017 Update – What Is New?

Hello and welcome to the latest Edgewonk update,

with the latest update in 2017, we have packed this new version with new features and improvements so that you can start into the new year in the best possible way.

Here is a list with the features that we have included:

– Crypto compatibility – Edgewonk now supports journaling of crypto-currency trading
– 4 screenshots can now be attached per trade

09
Nov

0

The Reason Why Traders Never Succeed! How To Become The Trader You Need To Be

The most dangerous trading mistake any trader can make is “system hopping” and we believe that it is the single biggest cause for failure in trading.

System hopping means that a trader keeps changing his trading method, his indicators, entry signals and strategy all the time. While looking around for new strategies is normal in the beginning, when a trader still hops around systems after months, his chances to reach profitability in trading are slim to none.

Why do traders change systems?
Traders are always hoping to find the Holy Grail that will make them a lot of money without putting in a lot of work. But when does it ever work that way in life?

07
Nov

0

Edgewonk Journal Review #1

In our last post we announced that we’re starting a new video series where we review your Edgewonk trading journals.

Today we’re starting with our first video and thank you again for all the submissions so far. We look forward to your journals!

To sum up the most important findings, we have compiled a list for you:

– The trader is going into the right direction. His equity graph is trending profitably towards the top right
– His focus should be on the process. His data shows that he loses most of his money when he is breaking rules

Page 1 of 7

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close