Trading XAUUSD Review My XAUUSD Journal Trades
When it comes to reviewing your gold trades as a trader the first thing that you should have is a list of gold trades in your xauusd journal. The list of gold trades should have some winning gold trades & some losing gold trades.
What are the Aspects to Review in a Gold Journal?
After you have a list of winning xauusd trade and losing gold trades then the first thing that you will review is the win rate of your xauusd system. For example if you have a record of 20 gold trades in your xauusd you will first count your winning gold trades and then after that count your losing gold trades. If you have a total of 14 winning trades & a total of 6 losing trades then the win rate of your xauusd system is 70%. If using another example you have 10 winning gold trades and 10 losing gold trades then the win rate of your xauusd is 50%.
What this means is that if your xauusd strategy has a win rate of 70% it means your xauusd system produces 7 winning trades for every 10 trades - if your xauusd strategy has a win rate of 50% it means your xauusd system produces 5 winning trades for every 10 trades - The higher the win rate of your xauusd strategy the more profitable your xauusd system will be.
Therefore, as a trader the first thing to analyze is the losing gold 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 xauusd.
Then review the profitable gold trades and identify why the winning trades produced a profit and try to factor in these factors the next time you are opening a xauusd trade so as to improve your xauusd results based on the analysis that you will have done from the review of the winning gold trades from your xauusd journal.
The next thing that you'll review as a trader is the profit per trade - once you have reviewed the profits per trade you'll 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 xauusd 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 gold trades.
You'll also review the loss per trade and once you have reviewed the loss per xauusd trade you try to spot the factors which produce the losing gold trades that have more losses per trade. You'll then try to reduce these factors which are common in most of the losing gold trades and 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 trade transaction.
As a trader keeping a record of all gold trades in a xauusd journal and recording the details of the gold trades will help you to have a record of trades that you can later review and from the analysis of your recorded gold trades you can then find ways of improving your xauusd results based on the analysis you carry out using the review of the xauusd trading journal trades.
Trading XAUUSD Review My XAUUSD Trades - Trading XAUUSD Review My XAUUSD Journal Trades - How to Review XAUUSD Results - What are the Aspects to Review in a XAUUSD Journal
