Keep track of your trades and analyze your performance from "summary" of Reminiscences of a Stock Operator by Edwin Lefevre
It is of utmost importance for traders to keep a detailed record of all their trades. By doing so, they can gain valuable insights into their performance and decision-making process. This record should include not only the trades themselves but also the rationale behind each trade, the market conditions at the time, and any emotions or biases that may have influenced their decisions. Analyzing this data can help traders identify patterns in their trading behavior, both positive and negative. For example, they may notice that they consistently make profitable trades during certain times of the day or week, or that they tend to hold onto losing trades for too long out of fear or hope. By recognizing these patterns, traders can adjust their strategies accordingly...Similar Posts
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