1 min read

Journal Review #3

Journal Review #3

We had a lot of fun going through this user's journal. Analyzing it was especially interesting because the trader also reached out to us with some ideas and thoughts in mind. When requesting his journal review, he wrote:

"According to my analysis, my biggest issue is that my profits are not big enough. I don't know if I am placing my stops too far, but I think that is the problem, because I never seem to reach my Profit targets, and then end up closing trades for well below my targets. I don't know what to do, because my entries seem to be good. The trades seem to work well, but always reverse, and never get to my targets."

Although he seems to have a general sense of what's wrong with his trading, he can't quite pinpoint the issue. Can we help this trader move forward, and what other interesting revelations in his journal data can help us guide him towards new, positive trading approaches?

 

How to Optimize Your Trading: Insights from an Edgewonk Journal Review

How to Optimize Your Trading: Insights from an Edgewonk Journal Review

In our latest review video, we reviewed data from a profitable Edgewonk trading journal to help one of our users optimize his strategy. His trading...

Read More
The Top 5 Trading Books Every Trader Should Read

The Top 5 Trading Books Every Trader Should Read

As a trader, continual learning is a must for staying sharp, refining your strategies, and developing the psychological resilience necessary to...

Read More
Economic News for Traders: The Most Important Reports You Need to Follow

Economic News for Traders: The Most Important Reports You Need to Follow

In financial markets, economic news is one of the key drivers of price movement – or rather, how traders and institutions react to these news. For...

Read More