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TradersCALM - Skeleton Traders Log |
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In the experience of TraderCALM, most CALM traders maintain a traders log. Why is a traders log so important to success in the early development of a trader? Because it is one of the single most important sources of data from which to learn from mistakes and successes and the emotional side of trading. What does a typical traders log contain? There is no simple answer to this question, but they are some common themes that recur. The TradersCALM skeleton traders log provides a suggested contents below for you to tailor to your specific needs: • trading system ident., buy units, sell units, market name, trading vehicle, price, option strike, stop loss, date, time, open serial number, closing serial number, profit or loss, trading channel, contact person, reason for trade, trade time feelings, other comments highlighting any recognised error... If you need a lot of space for your feelings you probably need a traders diary, not a traders log - and this is turn is a clear indication that you probably need to calm down, stop trying to second guess your trading system rules and learn to develop more discipline in following your trading system. Please show me a skeleton traders log. |
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