Stocks Journal Book

trading journal will track all your trades in a stock journal. By following this simple, easy to follow stocks journal writing tip, you can easily improve your stocks results. Here is how you do it:

Step 1 - Write down WHY you are making a trade BEFORE opening a trade transaction on your stocks journal.

Before opening a trade position, write in a journal the reasons why you are making the trade transaction. It doesn't have be long; it doesn't even have to be in compete sentences. Just write in the journal a few key reasons why you are making this stocks trade.

Be honest with this stocks journal. If you are honest, it'll stop you from making the biggest mistakes in your stocks. If you see that you are making the trade because of anything other than a sound trading strategy. DO NOT MAKE THE Stocks TRADE TRANSACTION!

If you make a losing stocks trade, don't open another stocks transaction immediately so as to make profits to neutralize the losses you have made, this is known as revenge stocks, don't revenge against the market. Shut down the computer, walk away from your PC computer Desktop PC Desktop PC, and take a cold shower to cool down and chill. Remember that you'll never any lose money that you don't put in. A winning trading strategy is not only about how much you win, but how much you don't lose.

Step 2 - Write down how you'll exit the trade BEFORE making the trade transaction.

Do not get trapped with a great entry stocks strategy without an exit strategy. Your stocks strategy should have both great entry and exit strategies. One is useless without the other.

But you ask, Why bother? I know my stocks trade exit strategy. Why do I ought to have it written down?

Well, the reason is this: humans are at best irrational, impulsive, and emotional creatures. If you have your stocks exit strategy written down, you have a frame of reference when you exit a trade position. You'll refer to your stocks journal BEFORE exiting a trade. If you are closing a position for any reason other than your original stocks exit strategy, you must ask yourself why?

Your stocks journal will save you more money than you can imagine. It will stop you from making impulsive moves, which is usually why people lose money in stocks.

Step Three - Write down why you exited the trade position.

This should be same reason which you wrote in step 2. If it is not, it's upto you to interpret it. Most common reason why traders deviate from their stocks strategy is lack of discipline. Your journal will be looking back at you with glaring evidence of exactly why you are not a winning Stocks trader.

Step 4 - How Do I Analyze the stocks results

You must learn from your mistakes in stocks. This is best way for anyone to improve their profits. Everybody makes mistakes, but great stocks traders are able to learn from them & not repeat.

And the best way to learn from your mistakes is to document them in a journal. A few years down the road, you can still look back and realize that you are still making the same errors you were when you first began trading stocks online.

This information cannot be found in any book or seminar. Your journal is personal and is uniquely you. Your personality will determine the type of stocks trader you will become, & will also determine the type of mistakes you'll make.

Not only does your stocks journal highlight your weaknesses, it'll reveal the transactions that are the most profitable. After a little while you will see the type of stocks trade setups that make you the most money, & a pattern setup will emerge. Do not let this information on your Stocks Trading journal go to waste.

You should do every effort to understand why those trade transactions went well and try to replicate it as often as possible. Profitable stocks traders know their strengths and weaknesses. They play on their strengths and try to minimize their weakness.

Do not get lazy and forget to write in your stocks journal. Documenting your thought process is fastest and surest way to get better at stock trading. Do this consistently, & you'll study more about your habits than you can imagine.

Your stocks goal is to identify and break the bad habits as soon as possible. If you notice that you always hang on to a losing trade transactions too long, you should do everything that is in your power so-that-toso-as-to stop this from happening again.

Summary

Your stocks journal is stocks. It contains a wealth of data that will play a vital role in your success as a trader.

We urge you to use it for at-least one month. If it hasn't helped improve your stocks profits in thirty days, then feel free to stop.

But be sure to try it before deciding not to. It might be just the tool needed to push your stocks to the next level to becoming a successful trader.