Are you also struggling to find the time to establish a serious trading routine besides working your regular day job, following your hobbies, and spending time with friends and family? You are not alone. We know from first-hand experience that juggling all our obligations while trying to become a better trader is hard.
Establishing a better trading routine and being able to make the most use of your limited time will have a big difference on your trading. The problem is, 90% of all trading sites only focus on how to pick entries and discuss the newest indicators, instead of talking about how to build a professional and structured routine around your personal, daily life.
If your trading could need some structure and if you want to find a way to combine all the things that are important to you in your life, this article shows you how to achieve just that.
We just released our newest January 2017 update and it’s the first big step towards full automation in Edgewonk. We also, of course, worked on other features and improvements. Here is what is new:
You can import Metatrader 4, NinjaTrader 7 and Ninjatrader 8 statements now. Please read the documentation carefully. We will add new platforms one by one over the next few months and if you want see a specific platform integrated, feel free to reach out to us and assist us to speed up the process.
In this article we explain how to enter trades correctly where you have scaled in or out of the trade and taken multiple entries and exits. We also provide some tips around tracking such trades to help you understand your trading performance in new ways. Step 1: One row per trade portion Basically, […]
With the latest December update, it is now possible to easily export and import your settings and all your customizations with just a few clicks. When you have spent a lot of time customizing Edgewonk and you want to start a new journal you can now move your settings around and don’t have to redo the whole process. […]
The new Edgewonk 2 is now 10 weeks old and with the help of your continuous feedback – thank you for all the positive emails – we keep improving Edgewonk regularly. Today, we are releasing a new Edgewonk update which comes with a variety of new features and add-ons.
The sought-after backup feature is now available and you can easily create full database backups with just one click. You can also export your settings now and re-import them into new journals. Below you can find the list with the other new functions and improvements:
Doubts, uncertainty and fear are 3 common emotions and states of mind that accompany traders through their trading day and throughout their whole journey. It’s what keeps traders from becoming profitable and it also keeps them trapped in old behavioral patterns, repeating the same cycle and mistakes.
Traders doubt their trading method, the way they manage trades and their own abilities as traders. They are uncertain about how to approach the market, how to manage trades, when to exit trades or how to set a stop loss correctly. And all this uncertainty and continuous doubting lead to fear – the fear that they are doing something wrong or the fear that they are missing out.
Not all winning trades are good and not all losers are bad and whereas no other journal can quantify the implications of process-oriented trading, the Edgewonk Tiltmeter does just that. When your Tiltmeter is red, it shows that a trader repeatedly broke his rules and a green Tiltmeter shows that he made good decisions.
By combining performance metrics with emotional metrics, trading data analysis we take trade journaling to a whole new level.
Not all trades are created equally and there are good and bad trades – but it goes much deeper than this as we will see. The quality of your trades influences trading performance, account growth and volatility and directly impacts a trader’s emotional capital.
However, very few traders have a way of determining the quality of their trades or how to use this information. In this article, we will show you how to use Edgewonk’s features to easily keep track of the quality of your trades and why it’s so important.