* How many of your trades today (or this week) had an explicitly defined risk and reward?
* How many of your trades today (or this week) did you execute according to the defined risk and reward?
* How many of your trades today (or this week) were based upon clear market patterns and a clear identification of how the market was trading?
* How many of your trades today (or this week) were placed out of fear of missing a move? Out of frustration following a loss? Out of boredom in a slow market?
* How many of your trades today (or this week) would you place again if you had the same circumstances?
* How many of your trades today (or this week) came from advance planning and preparation?
* How many of your trades today (or this week) were sized properly, given your level of confidence in your ideas and your desired risk management?
* What did you learn today (or this week), and how will you put that learning to work tomorrow (or next week)?
* How did you feel about your trading at the end of the day (or week)? Proud? Disgusted? Regretful? Satisfied?
* What can you do tomorrow (or next week) to feel proud of and satisfied with your trading?
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2 comments:
Thanks, very good questions to ask on every day!
Cheers,
M
Hello Brett, I followed your Bonus Post about Calculating Target and found out that If SPY Open outside High/Low Previous Day, then there are 87% chance the price will touch the Hi/Lo of previous day.(Ex: If Gap Up then the price will touch the yesterday's Hi) Is it something value to trade? Thanks for your bonus post
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