How to Build a Tagging System That Actually Improves Your Trading
Tagging trades in your trading journal is one of the most effective ways to uncover strengths and weaknesses in your trading approach. In fact, it’s...
As announced previously, we brought back our free journal review service. And today, we published our first review.
Although the submitted journal was a relatively new one with only 50 trades over a few weeks, we were able to identify some interesting data points to hopefully help the trader improve his system.
The overall net return of the journal is negative, but some parts of the trader's approach performed really well. Such insights are very helpful because they show to the trader that by focusing on the profitable parts of his trading, he might be able to turn around his performance.
At the same time, there are also a few heavily underperforming aspects in the trader's system. Looking for negative outliers is a very important step in the review process because it allows the trader to understand where the majority of his losses comes from. Finding single points of failure enables the trader to work targetedly on his system.
If you want us to review your journal, you can submit your request here if your journal meets the criteria.
Watch the whole review to see our complete review process:
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