How to write rules for a complete trading strategy
For most struggling traders, everything in trading revolves around the entry. They believe that once they find the perfect signal, everything else...
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?
For most struggling traders, everything in trading revolves around the entry. They believe that once they find the perfect signal, everything else...
In this interview, we sat down with Jason Shapiro, a true trading legend and one of the featured traders in Jack Schwager’s Unknown Market Wizards....
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...