How do you review a trade you shouldn't have taken?
Some trades are mistakes before they're losers: off-plan, oversized, or taken on impulse. The review that matters isn't "I lost" but "why was I in this trade at all".
How do you examine your bad trades?
- the questions you ask yourself after
- how you distinguish bad luck from bad process
- what you do to make the same mistake harder to repeat
The journal guide suggests the fields that make these reviews possible.
Background: How to keep a trading journal that actually improves your trading
A journal turns a pile of trades into evidence. What to record, the numbers worth calculating and a weekly review routine that takes less than an hour.
What should a trading journal include?
For each trade: the pair, direction, size, entry, stop, target, risk, the reason for the trade, how you felt, the result in money and in R, whether you followed your plan, and chart screenshots.
How do I calculate expectancy?
Multiply your win rate by your average win, then subtract your loss rate multiplied by your average loss. Measured in R, a positive result means the approach has made money per trade on average.
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