Trading is a process of continuous learning. If a trader pays close attention to what was done wrong or could have been done differently in past trades, a trader can greatly improve future performance.
For example, a trader may notice that there is some commonality in certain trading situations. In fact, by doing a postmortem on all trades, a trader may be able to identify indicators with high degrees of confidence. Likewise, a trade postmortem may reveal a flaw or omission in proper trading procedures. In any case, a trader must make every effort to limit losing trades and a thorough trade postmortem is an important part of each trade.
The trade postmortem and analysis is the final step in closing out a trade. A trade has not been completed until this vital step has been accomplished.
Your Losing trades are your weakness where you were defeted by markets.Do not let your loss go for nothing.Learn from it,Analyse your mistakes.
Most Profitable Traders talk to themselves.Spend time with urself ask Yourself question i have listed and be Honest with the answer.
You yourself are your best critics
- Did I follow my trading plan properly?
- Did I do anything wrong and if so, why?
- If I did follow my plan correctly but I lost money, I am not hard on myself. Sometimes this happens!
- If I didn’t follow my rules but still made money, however, that’s a problem.
- “Why didn’t I follow my rules?”
- Was it lack of confidence in the system?
- Was it Fear?
- Or did my ego want to be the hero that sold the high?”
- If I bought or sold too soon, I want to find out why.
- Be honest, and ask good questions:
- “What worked?
- What will I do differently next time?
- What was I feeling when I ignored that trade?”
The Trading Journal-your best friend.
Do let me know your comments on trading journal.
If you are Loosing Money while trading it is because of 3 Reasons
- No Trading System -To Generate levels
- No Trading Plan -To Execute Trades
- Lack of Discipline
- Not Maintaining Trading Journal
- Emotional Quotient not upto to the mark due to mental blind spot.
THANK GOD.Everything is fine.We missed ur updates very much. Actually mkt and ur blog, both complement each other.
Dear Bramesh Sir,
M Sure That everything is fine with u as people like u would not face any issues because of lots of love & good wishes of ur fans r there with u. And specially people like u who r spreading a light of knowledge to so many traders, God will take due care of u and will bless u.
Here’s wishing to see u back with a bang with ur views on the Market.
Dear Sir, All well thanks for ur warm wishes had some urgent work blog will be updated regularly from today.. thanks for ur concern.. tc
I think we can have our own discussions until bramesh returns on this page.
I believe market in the last minute was on 7767 and this was below bramesh’s anchor point of 7777. It seems the technicals should sound bearish.
However the final calculated closing is done on 7783.
Who else has any other info. What are your views.
close is calculated by the avg of last 30 ticks thats why the difference..
Sirji r u well what happened we all r worry about u
Dear Sir, All well had some urgent work blog will be updated regularly from today.. thanks for ur concern.. tc
Dear Bramesh,
I didnot see any post from last 2 days. I hope you are all right.
yes sir all well.. thanks for ur concern blog updated from today..
I hope all is fine. Take Care.
God Bless You & your family.
thanks sir ..all well how are u doing..
bramesh ji..we are missing you badly
Dear Sir, blog updated from today..
Dear Sir
Are you all right….Hope everything is fine….
Kindly update blog if time permits sir…
Thanks
Ya, I am worried as well.
He never skips even a single day without informing in advance.
Hope he is all right.
Dear Sir, All well had some urgent work blog will be updated regularly from today.. thanks for ur concern.. tc
Please update nifty and bank nifty
Sir please update nifty
Hi….no updation today????
can u give an example of trading journal ?? either in excel sheet or word doc.
thx.
still waiting sir.. !!
Dear bramesh rightly said.not only for traders for any player in market maintaining a portfolio ( example moneycontrol.com portfolio) will throw lot of info to player resulting in a positive behavioral change .this is working for me now.