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Trend Trading For Dummies by Barry Burns

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Chapter 25

Reviewing Your Trades — Always!

In This Chapter

arrow Learning from your mistakes

arrow Approaching perfection

arrow Reviewing your history so you don’t repeat it

In Chapter 24, I show you how to document your trades. In this chapter, I show you how to use that information to turn yourself into a better trader.

Many traders are looking for the magic indicator or trading “robot” that will make them money. In reality, documenting your trades and doing the exercises associated with it will be the thing most likely to bring you success as a trader.

tip.eps This documentation and review requires a bit of work that most people aren’t willing to do, but your willingness to work harder than others is exactly what will bring you the profits that elude so many.

Looking for Your Mistake Patterns

Successful trading is largely a matter of not making mistakes. Although no one ever completely eliminates all mistakes, the closer you get to that ideal, the more profitable you become.

remember.eps Your goal isn’t to become perfect. ...

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