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SF, CA/USA
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ...uh..ES actually
Posts: 1,337 since Jun 2014
Thanks Given: 4,362
Thanks Received: 2,400
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Dear Corpus of Traders,
In an effort to improve my own trading from feedback as well as have the opportunity to give feedback to others, I thought it would be interesting to start a thread where folks can post their trades for commentary. Many times people don't want to comment on specific trades in individual journals out of respect. That sentiment, however, also hampers the education and progress of the struggling trader.
Occasionally, journal visitors are willing to comment on the approach in general, but the trader is not willing to listen as they don't want to change their approach. And I think I know why. A trading approach is very personal, and even when it doesn't work, it still feels like it's part of the trader. So any unsolicited criticism of the approach is paramount to a personal attack. People just don't want to hear it.
However, my thought for this thread is critiquing individual trades. I think it will help give the traders who volunteer their trades a fresh perspective on the trade, and possibly also help them change their approach in their own way to one that's more successful.
The rules for posting in this thread will be as follows:
1. Post any losing trade
2. Use a chart, with entry points and exit points
2. Write a short sentence why you took that trade
3. One trade per post, to make it easier for people to comment on each individual trades. No more than 3 posts per trader per day.
Anybody from the community can provide feedback. When providing feedback on the trade:
1. Quote the post that includes the trade chart
2. Post any comments on that trade, including but not limited to:
-why you think it's a bad trade
-how to improve entry, exit, or both
-you can use your own charts to support your argument (to give a fresh perspective to the original trader)
The whole of a community can be greater than its parts. Let's see if we can get a discussion going and help each other out.
| "It does not matter how slowly you go, as long as you do not stop." Confucius |
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