Firstly, thanks for the commentary on your trading while live. I know it must be an overhead for you, so the spirit is great!
Also, I liked the way you mark each set of trades on a whiteboard parallelly - Adam Grimes and many others emphasize putting down a journal in the non-digital world - something about writing engages the physical parts of the brain that are the same ones we use for executing trades.
(Adam Grimes goes into having a trader hand draw charts on a graph paper too but I'll reserve that discussion for a later time!)
thanks again, and it was great to attend your live trade-cast!
The following user says Thank You to iqgod for this post:
You mentioned yesterday that you were looking for some feedback on your blog posts to get an idea of whether you should continue them. I for one think they're excellent. I especially enjoyed the article on charting your win% against your win:loss size ratio. These are two of the many stats that I already keep in my trade stats spreadsheet but i've never thought of charting them like that. Although keeping stats are useful, it is in how we analyze and interpret them that we benefit and learn from them. The human brain generally responds extremely well to visuals (more so than pure data), so anytime there is an opportunity to visually represent data in a chart there is potential for increased learning. I will be incorporating this into my spreadsheet over the weekend.
Keep up the good work with the live webcasts. It's both inspiring and educational to watch an experienced trader walk us though his thought process. What im finding great is to see how losing trades dont affect your decision to take the next trade. You simply take the trade and manage the risk. Something i've been trying to improve on over the last few weeks.
How long do you typically trade for? I wasn't able to watch the whole of yesterday's webcast but the prior days you seemed to be done after a couple hours. Do you then move on to trading other instruments or are you done?
Do you find it best to apply complete focus for a limited time and stop trading as apposed to trading the whole day but potentially not having as much focus?
You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
The following user says Thank You to DarkPoolTrading for this post: