Trading Oil Review My Oil Trades

When it comes to reviewing your crude oil trades as a trader the first thing that you should have is a list of crude oil trades in your crude oil trading journal. The list of crude oil trades should have some winning crude oil trades and some losing crude oil trades.

How to Review Oil Trading Results

After you have a list of winning oil trade and losing crude oil 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 crude oil trades in your oil trading you will first count your winning crude oil trades & then after that count your losing crude oil trades. If you have a total of 14 winning trades & a total of 6 losing trades then the win rate of your trading system is 70%. If using another example you have 10 winning crude oil trades and 10 losing crude oil trades then the win rate of your oil trading is 50%.

What this means is that if your oil trading strategy has a win rate of 70% it means your oil trading system produces 7 winning trades for every 10 trades - if your oil trading strategy has a win rate of 50% it means your oil trading system produces 5 winning trades for every 10 trades - The higher the win rate of your oil trading strategy the more profitable your oil trading system will be.

Therefore, as a trader the first thing to analyze is the losing crude oil 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 oil.

Then review the profitable crude oil trades and identify why the winning trades produced a profit and try to factor in these factors the next time you are opening a oil trade so as to improve your oil trading results based on the analysis that you will have done from the review of the winning crude oil trades from your crude oil trading journal.

The next thing that you will 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'll then try & include these factors in your oil 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 crude oil trades.

You will also review the loss per trade and once you have reviewed the loss per oil trade you try to spot the factors which produce the losing crude oil trades that have more losses per trade. You will then try to reduce these factors which are common in most of the losing crude oil 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 crude oil trades in a oil trading journal and recording the details of the crude oil trades will help you to have a record of trades that you can later review and from the analysis of your recorded crude oil trades you can then find ways of improving your oil trading results based on the analysis you carry out using the review of the oil journal trades.

Trading Oil Review My Oil Trades - Trading Oil Review My Oil Trading Journal Trades - How to Review Oil Trading Results - What are the Aspects to Review in a Oil Trading Journal