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The Secret of Successful Trading - Trading Book

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Make your trading book (trader’s diary)

The log will help to improve your trading technique. The diligent consideration of your deals over and over again is what separates "lower divisions" from professionals. Seeing how each deal is being played, you may find weaknesses that can be corrected for further improve your strategy. The purpose of the log is that in bad negative series of transactions we can find the reason for this, so we do not repeat old mistakes again.

The log describes all deals - Order Number, Symbol, Date and Price of Entry, Stop Loss, Take Profit, Long / Short, Date and Price Closing Position, Profit / Loss, Volume, Comment and a detailed description of the criteria and reason for entry. The description of each transaction is not accidental. Here it is important to have strict discipline in order to be able to observe your trading rules.

How to make your perfect Trading Book you can see in the following file.


 Varchev Traders
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Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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