Example of How to Write a Indices Trading Journal - Stock Indices Trading Journal Meaning

Track all your Stock Indices trades in a Stock Index trading journal. By following this simple, easy to follow tip, you can easily improve your Stock Indices trading results. Here is how you do it:

Step 1 - Write down WHY you are making a Indices trade BEFORE opening a Indices trade transaction.

Before opening a Indices trade position, write in a Indices trading journal the reasons why you are making the trade transaction. It doesn't have be long; it doesn't even have to be in compete sentences. Just write a few key reasons why you are making this Stock Index trade.

Be honest with this Stock Index trading journal. If you're honest, it will prevent you from making the biggest mistakes in your Stock Indices trading. If you see that you're making the Indices trade because of anything other than a sound Indices trading strategy. DO NOT MAKE THE TRADE TRANSACTION!

If you make a losing Stock Indices trade, do not open another Stock Indices trading transaction immediately so that to make profits to neutralize the losses you have made, this is known as revenge Indices trading, do not revenge against the Indices market. Shut off the computer, walk away, & take a cold shower. Remember that you'll never lose money that you don't put in. A winning Stock Indices strategy is not only about how much you win, but how much you don't lose.

Step 2 - Write down how you will exit the Indices trade BEFORE making the Indices trade transaction.

Do not get trapped with a great entry Stock Index strategy without an exit trading strategy. Your Stock Indices strategy should have both great entry & exit strategies. One is useless without the other.

But you ask, Why bother? I know my Stock Index exit strategy. Why do I have to write it down?

Well, reason is this: humans are at best irrational, impulsive, & emotional creatures. If you have your Stock Indices exit strategy written down, you have a frame of reference when you exit a Indices trade position. You will refer to your Stock Indices trading journal BEFORE exiting a Indices trade transaction. If you're closing a position for any reason other than your original Indices exit strategy, you must ask yourself why?

Your Stock Index trading journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why people lose money in Indices trading.

Step 3 - Write down why you exited the Indices trade position.

This should be the same reason that you wrote down in step 2. If it's not, it is up to you to analyze it. The most common reason why people deviate from their Stock Indices strategy is lack of discipline. Your Stock Indices journal will be looking back at you with glaring evidence of exactly why you are not a winning Stock Indices trader.

Step 4 - How to Analyze the Indices trading results

You must learn from your mistakes in Indices trading. This is the best way for anyone to improve their profits. Everybody makes mistakes, but the great Stock Indices traders are able to learn from them & not repeat.

And the best way to learn from your mistakes is to document them in a Indices journal. A few years down the road, you can still look back & realize that you're still making the same errors you were when you first began trading Stock Indices online.

This information cannot be found in any book or seminar. Your Stock Indices journal is personal & is uniquely you. Your personality will determine the type of Stock Indices trader you'll become, & will also determine the type of mistakes you will make.

Not only does your Stock Indices trading journal highlight your weaknesses, it will reveal the Indices trading transaction that are the most profitable. After a little while you will see the type of Stock Indices trade setups that make you the most money, & a Indices trading pattern will emerge. Do not let this information on your Stock Indices journal go to waste.

You should do every effort to understand why those Indices trade transactions went well & try to replicate it as often as possible. Profitable Indices traders know their strengths & weaknesses. They play on their strengths & try to minimize their weakness.

Do not get lazy & forget to write in your Stock Index trading journal. Documenting your thought process is the fastest and surest way to get better at Stock Indices trading. Do this consistently, & you will learn more about your habits than you can imagine.

Your Stock Indices trading goal is to identify & break the bad habits as soon as possible. If you notice that you always hang on to a losing Stock Indices trade transaction too long, you should do everything in your power to prevent this from happening again.

Summary

Your Stock Index journal is gold. It contains a wealth of information that will play a vital role in your success as a Indices trader.

We strongly urge you to use it for at least one month. If it has not helped improve your Stock Indices trading profits in thirty days, then feel free to stop.

But be sure to try it before deciding not to. It may be just the tool needed to push your Stock Indices trading to the next level to becoming a successful Indices trader.