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Journal Suggestions for those wanting feedback - Keep It Simple
I find I enjoy helping newbie traders with their journals. I can provide a "big bang for the buck" with just a few comments on my part, furthermore I see a lot of traders are putting tons of effort to communicate their thoughts, BUT sometimes the ideas and charts are not explained well or just too hard to read.
I propose standardizing by posting trades using charts (graphics makes analysis more efficient). Just posting a PL with comments and a fuzzy chart with no data doesn't give enough information to comment.
Please use a standard bar chart including:
a. your bar time period (this gives some sense of your hold time)
b. use symbols on the chart (or numbered with an explanation underneath) your entry price, stop, target, exit close price, direction; maybe use triangles and a code (especially if the trades are not consecutive, for example you are long and then going short while the long is still open, so these are really two separate trades)
c. remove irrelevant indicator graphics to make the chart easier to read
Any notation is ok, but if it could at least be something specific and simple without a lot of verbiage it would help a lot. Without specifics no one can contribute any concrete suggestions for improvement, too confusing no one is able to properly assess your hard work.
I'm not meaning to be critical but as a new person here, perhaps you should at least post an example (i.e. chart) showing the "big bang for the buck".
I've checked all of your posts and they don't seem to have any charts, images, or anything showing your trades, your method or your 'automated' system.
(did I miss them?)
Traders with knowledge that is so valuable in helping newbies (such as yourself), should perhaps share their knowledge, system and charts instead of just words.
"A picture is worth a 1000 words"
This post should not be seen as negative, just a suggestion for those giving feedback
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Hey Northernlimit I would be honored if you could take a look at my journal to see if it is a kind of jurnal that describes what it is said here. And if you think I should change something then please post it directly there. Many thanks. Obviously I mostly look for feedbaks but any comment is well appreciated.
Hi guys im here to learn and to share my work with the big guys and also with everybody whos starting like me. I am doing demo testing futures since a month, maybe less but i was trading forex and binary options (currencies) for 4 months. Eventually got …
You have a good point. I'm new to this site and I'm still learning how to post and the purpose of these posts.
On the one hand I don't want to influence new traders in a negative way, everyone has their own style that needs to be developed and my style may not suit others as there are so many different ways to get to the goal but your point about my credibility is a fair comment.
I want to help because there are certain basics principals that should be followed that took years of hard learning and relearning the hard way, but how they are applied can be different, so who am I to say? There are plenty of people on this site with all sorts of knowledge and I'm sure more than me and I only have so much time to make maybe 1 or 2 posts a day. Since I'm new I just fell into providing comments because I wanted to contribute, and as site member it seems to be a requirement, then I realized I was spending a lot time trying to understand what people were saying in their journals, yet I just don't have the time and i felt that others might be thinking the same things because I was noticing there aren't a lot of comments in some cases about the journals that people are posting and it's obvious people are committedto learning by posting extensive journals with a lot of work.
As for me I don't have the time, my posts are ad hoc. Even now I'm up at 6am on Saturday morning spending 30 minutes writing this when I'm supposed to be packing up my kids to go skiing for the weekend and yet I feel compelled to post this because I started this thread, so I guess I'm obligated.
You have a good point about my posting charts with some principals, but they are probably the same as you would find in any good book. As for my previous posts those were specifically for those individuals, if they wanted more details about my comments I figured they could ask me directly.
I'll have to think a lot more about what I'm going post and starting threads in the future. In fact now that I have written this it obvious to me I'm not going to post an education thread, but I do take your comment to heart, so when I do comment I will reference my comments to posted journal charts more clearly with more specifics and maybe some examples of my own trading.
I know how it is to be too busy to spend much time doing this type of posting.
(Lately, I barely get to scan the threads).
I hope my comments were not taken as negative.
That was never the intent.
I know what you were trying to say and I appreciate your attempt to help.
I love to see new posts by experienced traders such as you and hope to see more from you soon as time permits.
Time with family is much more important that any forum, so do what is important.
Have fun on the slopes.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
