I know, it sounds sooooo boring, but binary options diary, bear with me.
When I read about the importance of keeping a trading diary the first time, it sounded so meaningless and dull. So I chose to ignore this great advice and later even forgot about it. Before I answer to those questions let me ask you one, what do you do after a trade has expired?
I know from personal experience that after a failure a newbie trader most likely behaves in one of the following ways: A. Keeps jumping in more and more trades in order to make up for the losses immediately. Blames everything on bad luck and leaves, very pissed, to do something else.
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If you think these behaviors describe you — keep reading. How would you behave this time?
Here are a couple of shows the trend line behaviors: A. Okay, I know my examples are awful. But come on, you get the point… right?
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Because each trade, winner binary options diary loser, has a valuable lesson to teach you. This is where keeping a diary becomes useful.
Writing down each step that made you confident enough to execute a certain trade is the best way of organizing and enhancing your memory. The next time you are faced with a similar trade opportunity your mind will act precise and methodical.
Your Binary Options Trading Journal – Writing your Key to Success!
Therefore, your celebration and anger can wait, first you need to write down your trade while your memory is still fresh. Awareness of those weaknesses should soon lead to overcoming them.
Carr, Trend Trading for a Living. Simply create your own thread and use it as your personal trading journal.
Trading Journal For Digital Options Or Binary Trades
Since trading means dealing with charts, it is best to use pictures in your diary. The more detailed your pictures are, the less you need to write down and explain things. I recommend that the screenshots of your charts include:.