Posts Tagged Under: trading journal

How Lack of Trading Discipline is Killing Your Performance and the Steps You Can Take to Improve It

 

This article on Trading Discipline is the opinion of Optimus Futures.

Imagine, if you will, two traders. One trader holds a superior trading strategy and ample capital resources to make it work. But he lacks discipline. The other trader has a mediocre system, fewer capital resources, but superior trading discipline. The non-disciplined trader has everything going for him, except for himself; whereas the disciplined trader has a few things working against him, but his ability to remain disciplined serves as his core strength.

Who might end up becoming the more successful trader? The answer is that it all depends on a few other things: the ability to adapt to situations, the smarts to assess what’s working and what’s not, and the “discipline” to

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Follow this 7 Step Process to Effectively End Your Trading Day

 

trading day

How do you end your trading day?Do you just close your trading platform and then move on to other things in your life? The following seven 7 tips can potentially help you create a better trading routine and develop the discipline to be prepared for the next trading session.

Step 1: Keep an end-of-day trading checklist

Look back at all your trades and analyze how you approached them. It is important to avoid hindsight bias here and focus on objective criteria like trade entry, breaking vs. following rules,  FOMO vs. proper execution and so on. Keep this exercise as short as possible without overwhelming yourself. We recommend taking screenshots. Collecting screenshots of your trades over time can often be an excellent introduction to record-keeping. Used in combination with a checklist, a trader can improve

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EdgeWonk Trading Analysis Software For Futures Traders

This Optimus Futures Opinion of EdgeWonk www.edgewonk.com

In the last few years, we have been asked a number of times to assist with Futures and Forex Trading Analysis Software. There are a number of analysis tools, yet the challenge is to find software that could accommodate futures traders of all levels.  We have decided to add Edgewonk to trading analysis software. www.edgewonk.com

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please consider carefully whether such trading is appropriate in lieu of your financial situation. Optimus Futures was not paid nor is it compensated in any way 

In our opinion, a trading journal is probably the most recommended trading software for any serious trader. Whether you read a trading book, a trading website or talk to professional traders, a trading journal and a way

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