The FX Bootcamp Guide to Strategic and Tactical Forex Trading

Proof in the Pondering

Every Sunday evening, I printed out all the images from my trade journal so I could review them. This was usually about 20 pages, so it took a significant amount of my time. It was an investment.

This weekly exercise had two purposes:

1. It immediately tripled my trading experience. Now instead of living my trade once when I pulled the trigger, then living it again when I entered it into my trade journal, I was living the trade a third time when I reviewed it at the end of the week.

2. After reviewing the trades, I would identify my strengths and weaknesses as a trader. What was I doing right? What was I doing wrong? I would then write down one or two of the strengths and weaknesses I identified in my trading. These were my goals for the upcoming trading week.

 

I would continue to capture profits from fully realizing my strengths. More importantly however, I would make a conscious effort to improve my weaknesses.

If I was getting out of my trades too quickly last week, then this week I would work toward improving my exits and practice letting my profits run to more aggressive targets. It would be a clear goal and a focused objective in the coming week. Sometimes I even wrote the goals down on paper and taped them to my desk so I could always see them as I traded.