http://slopeofhope.com/2011/11/your-trading-journal-market-sniper.html
- Did I follow my trading plan for the trade? If not, why not.
- At what point in the trade did I doubt the trade. If so, why
- What did I do right in the trade
- Where did I stumble in the trade?
When you make an error, make a statement of correction. An example: I did not honor my stop in the trade according to my trading plan. I moved it NOT according to plan…therefore, in my next trade, I will adhere to my trading plan as to stops. I will place stops and manage my stops according to my trading plan. This will demonstrate that I am a patient and disciplined professional trader.
Here is a more complex grading system and one I use.
A=I followed my trading plan and made good money.
B=I followed my trading plan and made some money.
C=I followed my trading plan and lost some money.
D=I did NOT follow my trading plan and made good money.
E=I did NOT follow my trading plan and made some money.
F=I did NOT follow my trading plan and lost money.
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