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