Wednesday, January 26, 2011

Staying on Track-by Keeping Track

As a day trader one of the best things you can do is keeping track of all your trades. I like to put all my trades on a spread sheet. I post all my live trades and all my trades that I do in simulation.

Each day as I keep track I can see patterns emerging on what set-ups are producing the best results and which ones aren't. The sample size of all my trades grows and grows. I have made changes in my trading as I see better on what works and what doesn't work in the long run.

What I have noticed too is growing my sample size keeps me from getting to emotional on each individual trade as I have a much more big picture look on my trading.

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