Stocks Journal Book
stock trading journal will track all your stock trades in a stock trading journal. By following this simple, easy to follow stocks journal writing tip, you can easily improve your stocks results. Here is how you do it:
Step 1 - Write down WHY you are making a stocks trade BEFORE opening a stocks trade transaction on your stocks journal.
Before opening a stocks trade position, write in a stocks journal the reasons why you are making the stocks trade transaction. It doesn't have be long; it doesn't even have to be in compete sentences. Just write in the stocks journal a few key reasons why you are making this stocks trade.
Be honest with this stocks journal. If you are honest, it will prevent you from making the biggest mistakes in your stocks. If you see that you are making the stocks trade because of anything other than a sound stock trading strategy. DO NOT MAKE THE Stocks TRADE TRANSACTION!
If you make a losing stocks trade, do not open another stocks transaction immediately so as to make profits to neutralize the losses you have made, this is known as revenge stocks, do not revenge against the stock market. Shut down the computer, walk away from your computer, and take a cold shower to cool down and chill. Remember that you will never any lose money that you don't put in. A winning stock trading strategy is not only about how much you win, but how much you don't lose.
Step 2 - Write down how you will exit the stocks trade BEFORE making the stocks trade transaction.
Do not get trapped with a great entry stocks strategy without an exit trading strategy. Your stocks strategy should have both great entry and exit strategies. One is useless without the other.
But you ask, Why bother? I know my stocks trading exit strategy. Why do I ought to have it written down?
Well, the reason is this: humans are at best irrational, impulsive, and emotional creatures. If you have your stocks exit strategy written down, you have a frame of reference when you exit a stocks trade position. You will refer to your stocks journal BEFORE exiting a stocks trade transaction. If you are closing a position for any reason other than your original stocks exit strategy, you must ask yourself why?
Your stocks journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why people lose money in stocks.
Step 3 - Write down why you exited the stocks trade position.
This should be the same reason that you wrote down in step 2. If it is not, it is up to you to analyze it. The most common reason why people deviate from their stocks strategy is lack of discipline. Your stocks journal will be looking back at you with glaring evidence of exactly why you are not a winning Stocks trader.
Step 4 - How Do You Analyze the stocks results
You must learn from your mistakes in stocks. This is the best way for anyone to improve their profits. Everybody makes mistakes, but the great stocks traders are able to learn from them and not repeat.
And the best way to learn from your mistakes is to document them in a stocks journal. A few years down the road, you can still look back and realize that you are still making the same errors you were when you first began trading stocks online.
This information cannot be found in any book or seminar. Your stocks journal is personal and is uniquely you. Your personality will determine the type of stocks trader you will become, and will also determine the type of mistakes you will make.
Not only does your stocks journal highlight your weaknesses, it will reveal the stocks transactions that are the most profitable. After a little while you will see the type of stocks trade setups that make you the most money, and a stocks pattern will emerge. Do not let this information on your Stocks Trading journal go to waste.
You should do every effort to understand why those stocks trade transactions went well and try to replicate it as often as possible. Profitable stocks traders know their strengths and weaknesses. They play on their strengths and try to minimize their weakness.
Do not get lazy and forget to write in your stocks journal. Documenting your thought process is the fastest and surest way to get better at stock trading. Do this consistently, and you will learn more about your habits than you can imagine.
Your stocks goal is to identify and break the bad habits as soon as possible. If you notice that you always hang on to a losing stock trade transactions too long, you should do everything in your power so that to prevent this from happening again.
Summary
Your stocks journal is stocks. It contains a wealth of information that will play a vital role in your success as a stocks trader.
We strongly urge you to use it for at least one month. If it has not helped improve your stocks profits in thirty days, then feel free to stop.
But be sure to try it before deciding not to. It may be just the stocks tool needed to push your stocks to the next level to becoming a successful stocks trader.
