Don't take it as I am trying to pick on a sick dude (but I am) I have had some serious health problems myself and do realize that life loses MUCHO of it's quality when you are sick. The only "problem" you need to solve is your health...good luck.
You'd think so..but I just looked on Google and the first 15 pages of results for Brandon Fredrickson are not sites that I have anything to do with right now.
Another example that I can suggest is to go through all your stocks at the end of the month and remove the ones you are losing money. Do it monthly and it will make a big difference in your trading. Brandon, get well because I still have a lot to learn from your posts.
Brandon, This is easily one of the best posts ever made on ET. Thanks from a fellow Iowan. Data mining one's own trading is the smartest move a trader can make. Regards, John
Brandon, A great post - thanks, and hope all is well. In the interest of actually contributing something of use to this thread, I journal the following: Time into the trade - i.e. 12:33:02 Time out of the trade Order Type - for both entry and exit Order sizes Execution - i.e. BATS, Arca, Inet, etc Reason for entry Reason for exit Follow-up commentary - what I did right/wrong/missed/saw - yes, hindsight is 20/20, but I think the analysis worth it My .02 for what it's worth...
Don't mean to hijack Brandon's thread, I'm eagerly awaiting his responses. Here are a few metrics I collect in my journal -- Duration of the trade in bars % of the move captured type of exit, stop used if any And for EOD -- # of trades + and - ( reliability ) avg profit of each ( expectation ) # of $x trades made and missed one thing I did right / one thing I did wrong
Brandon: I agree on your advice and keeping a journal is important. Also, holding good trades and reducing frequency are imporant and often hard to implement.
I pray your surgery went well and that you take time to recuperate fully. Am looking forward to see how you keep a trade journal - thanks
You are really a DOUCHE! Brandon has given back plenty to this community, which is more that can be said for a human spellchecking cunt. I hope you are in good health Brandon. pollo
Success isn't finding how to do it right. When your trading right you make money. Simple. Success is about finding and understanding what your doing wrong. Once you know what your doing wrong you can figure out how to do it right. Not as easy as it sounds. It will be easier if your very tough on yourself.