Friday, 27 March 2015

Your Worst & Best Trade -20 Points

Your worst trade:
  1. Did you trade the actual price action or just your opinion?
  2. Were you trading with a stop loss? Did you honor your stop loss or let a small loss turn into a big one?
  3. Did you fight the trend in your time frame?
  4. Did you try to front run an actual signal before it triggered?
  5. Were you trading with a bias that made you see what you wanted to see instead of what was actually happening?
  6. Did you trade with a trading plan?
  7. Was your position size too big?
  8. Did you allow fear, greed, or ego to override your trading plan?
  9. Did you trade in a market you did not fully understand?
  10. How much did your stubbornness cost you?
Your best trade:
  1. Did you trade on a high probability setup based on a chart pattern or back tested entry signal?
  2. Did you enter with a great risk/reward ratio?
  3. Were you able to let a winning trade run as far as it would go?
  4. Did you trade on the right side of the trend for your time frame?
  5. Were you able to trail your stop to let your winner run?
  6. Did you trade in a market after doing your homework?
  7. Did you keep your opinions flexible but your trading plan firm?
  8. Did you react and trade the actual price action in your time frame?
  9. Did your discipline pay you a nice dividend?
  10. Did your small position size allow you to trade in a clear and logical manner?

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