Commodity Trading Review My Commodity Trading Journal Trades
When it comes to reviewing your commodities trades as a trader the first thing that you should have is a list of commodities trades in your commodities trading journal. The list of commodities trades should have some winning commodities trades & some losing commodities trades.
Aspects to Review in a Commodity Trading Journal
After you have a list of winning commodity trade and losing commodities trades then the first thing that you will review is the win rate of your trading system. For example if you have a record of 20 commodities trades in your commodity trading you will first count your winning commodities trades and then after that count your losing commodities trades. If you have a total of 14 winning trades and a total of 6 losing trades then the win rate of your trading system is 70%. If using another example you have 10 winning commodities trades and 10 losing commodities trades then the win rate of your commodity trading is 50%.
What this means is that if your commodity trading strategy has a win rate of 70% it means your commodity trading system produces 7 winning trades for every 10 trades - if your commodity trading strategy has a win rate of 50% it means your commodity trading system produces 5 winning trades for every 10 trades - The higher the win rate of your commodity trading strategy the more profitable your commodity trading system will be.
Therefore, as a trader the first thing to analyze is the losing commodities trades and find the factors that made these trades to produce losses - then after that try not to repeat the same mistakes next time when trading commodity.
Then review the profitable commodities trades and identify why the winning trades produced a profit and try to factor in these factors the next time you are opening a commodity trade so as to improve your commodity trading results based on the analysis that you will have done from the review of the winning commodities trades from your commodities trading journal.
Next thing that you'll review as a trader is the profit per trade - once you have reviewed the profits per trade you will then identify the factors that are common for the trades that produced more profit per trade - you will then try and include these factors in your commodity trading so as to improve the average profit per trade for each trade that you will open. This will try to help you to improve your trading results as you continue trading and including more of the factors that help to produce winning commodities trades.
You'll also review the loss per trade & once you have reviewed the loss per commodity trade you try to spot the factors which produce the losing commodities trades that have more losses per trade. You'll then try to reduce these factors which are common in most of the losing commodities trades & this way if you can identify factors which are producing more losing trades then you can help avoid making these mistakes the next time you open a new commodity trade.
As a trader keeping a record of all commodities trades in a commodity trading journal and recording the details of the commodities trades will help you to have a record of trades that you can later review and from the analysis of your recorded commodities trades you can then find ways of improving your commodity trading results based on the analysis you carry out using the review of the commodity journal trades.
Commodity Trading Review My Commodity Trades - Commodity Trading Review My Commodity Trading Journal Trades - How to Review Commodity Trading Results - Aspects to Review in a Commodity Trading Journal
