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July 17th, 2005 by eyal | Filed under General rant. |
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Been doing tons of reading this weekend (as you can see from the last few posts below). I’ve also been standardizing and re-checking my SF scans. I’ve also loaded all historical trades for the year into Quicken but I don’t see any benefit in doing that. Instead I just went over the data in Excel and looked at what worked and what didn’t and where I need to improve. The good news - many of my trade ideas did work well, the bad news - in most cases I was either shaken out or missed out on the trade all together. My focus for the next several is:
1. Trading according to plan
2. Record trade ideas and trades executed diligently
3. For every single trade derive: what worked and what didn’t.
4. Use more simplistic and qualitative approach - trade with the trend, let the profits run, you can’t capture the whole move, set stop loss based on eye-balling instead of strict technicals.
