What Is A Trading journal?

Binary options diary. Studio Di Florio Blog

I know, it sounds sooooo boring, but please, bear with me.

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When I read about the importance of keeping a trading diary the first time, it sounded so meaningless and dull. So I chose to ignore this great advice and later even forgot about it. Before I answer to those questions let me ask you one, what do you do after a trade has expired?

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I know from personal experience that after a failure a newbie trader most likely behaves in one of the following ways: A. Keeps jumping in more and more trades in order to make up for the losses immediately. Blames everything on bad luck and leaves, very pissed, to do something else.

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If you think these behaviors describe you — keep reading. How would you behave this time? Here are a couple of typical behaviors: A.

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Okay, I know my examples are awful. But come on, you get the point… right? Because each trade, winner or loser, has a binary options diary lesson to teach you. This is where keeping a diary becomes useful.

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Writing down each step that made you confident enough to execute a certain trade is the best way of organizing and enhancing your memory. The next time you are faced with a similar trade opportunity your mind will act precise and methodical.

Conclusion A trading journal is the number one tool that helps traders improve and make money with binary options. It helps them identify strengths and weaknesses and improve both.

Therefore, your celebration and anger can wait, first you need to write down your trade while your memory is still fresh. Awareness of those weaknesses should soon lead to overcoming them.

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Carr, Trend Trading for a Living. Simply create your own thread and use it as your personal trading journal. Since trading means binary options diary with charts, it is best internet earning strategy use pictures in your diary.

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The more detailed your pictures are, the less you need to write down and explain things. I recommend that the screenshots of your charts include:.

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