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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

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How Can Traders Improve Their Trading Discipline

 

Discipline is undoubtedly one of the most important character traits a trader needs to have in order to trade successfully. A lack of discipline often the cause of the most common trading mistakes such as breaking trading rules and executing trades prematurely, making impulsive trading decisions, violating risk management rules, revenge-trading and over-trading, just to name a few. And, all of these things inevitably result in losing much more money than what a trader had originally anticipated and what would be necessary.

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Developing discipline is usually not an easy task and discipline in trading can come in many different forms which most people are not even aware of. In the following article we explore what discipline in trading really means and how a trader can develop more of it by following a few simple tips.

 

 

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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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