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Austin, TX
Experience: Advanced
Platform: TradeStation, Think or Swim, NinjaTrader
Broker: DTN
Trading: options and stocks
Posts: 22 since Feb 2012
Thanks Given: 9
Thanks Received: 11
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My journal uses a tally mark system to track executed and passed opportunities that where either part of the plan or not.
This journal helps me evaluate how much I "trust" my plan. It helps me to turn the "shoulda, woulda, coulda" into If I could I would.
It highlights how my behavior is acting on the opportunity, or whimping out.
It measures how well may executed trades are performing, and how often I trade setups outside of my plan.
My plan requires, Good market structure, good trade location, and risk management. Additionally, there are three questions that I ask:
Does the trade meet the aforementioned qualities?
Is there an identifiable trend?
Is there a tell?
The matrix has been attached. The journal is only updated to result the outcome of an opportunity that presented itself and was either acted upon or passed up.
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