Value of Keeping a Trading
Do you all of know that how much
stock trader's keep a trading journal
on daily, weekly bases?
According to me no traders' have
the right idea that how much traders
keep a trading journal in stock market
business.
Even most of you reader's don't have
trading journal in your business right?
Same thing had happened to me when
I don't had a idea of keeping a trading
journal.
Couple of year's back I got some idea
about keeping a trading journal and since
then I am regularly following a trading journal
on daily bases. Keeping a trading journal can
bring a very good improvement in our trading
and it have so many great advantages for
trader's :
It does not matter how you keep active a
trading journal, its always have some
advantages for your, most of people who
know its value like to follow it on regularly
bases, they write down their daily trading
result on a notebook and start to pay proper
attention it. Our trading journal is great to
give us a clear idea about our trading mistakes.
In stock market so many trader's don't have any
idea that how they are buying and selling, and
what kind of trading style they are adopting.
But by keeping a trading journal we can easily
understand that how much improvement we need
in our business. It can tell us about our trading
strategy, trading plan, method, management etc.
Some of them are as follows:
1.Help Knowing Yourself:Keeping a trading
journal will help you to learn yourself deeply
as I have said earlier that it will help you to
understand your trading system, which
contain a trading plan, your trading system,
strategy management etc.
2. Up to Date:Keeping a trading journal can
also help to keep us up to date all the time
because we are writing every day trasanctions
in our trading journal so it will be easy to know
that what's going in our business and stock
market.
3.Innovations and experiments:By the help of
keeping a trading journal regularly we can also
do so many new innovations and experiments
and those can be good for our trading knowledge
and business. Who knows even we can find out
something great for the life time earning.
4.Correction in Mistakes:Its clear that if we don't
have a trading journal then we would not any
better correction in trading becuase a trader
can't remember all the things in mind without
making an trading journal. But if we have a trading
journal then we can remove our mistakes and
find out a better solution for them as well
5.Experience:We can also increase our level
of experience by keeping a trading journal
in stock market. If we will good correction
by learning from our mistakes regularly then
it will be very good improvement in trading and
it will surely increase or enhance the level
of our trading skill and experience in stock
market.
10.Right Idea of Market movements?
According to my experience
only the trading strategy and methods
alone can't explaine you that what
is the right time to enter and exit in the
live market. Personally I have tried
so many time to enter in the exit by the
signals of my trading strategy when there
was less volatility or when there was
poor movement in stock market.
I have learned from my experience
that volatility can be seen only time
to time and if you are working with a short
term goal or intra day trading goal then
it become so much important for you to
do trade with the right time.
Following are some of tips which will help
you to understande the right time of entry
in the stock market, but I can be wrong here
as well, because every trader have a unique
way of trading but in my experience I have
searched that there is a time in stock market
when there is a good movement and when
there is a slow movement. So lets start
discussion about it.
1. First 1 hour 30 minutes:According to my
experience first 1 hour and 30 minutes are
very important becuase almost we got
every day good movement in those 90
minutes. After that market go in sideways
or consolidation phase for a few more hours
I have seen so many time that when stock
market open then bigger or larger volatilty
can be seen in first 90 minutes.
2.Last 1 hours or 60 minutes:This is the second
seen of the market when a good movement can
be seen in stock market. I personally do trade
only in those two market timings, last 1 hours
of daily trading sessions is also so much crucial
because it have to decide the marker higher and
lower for the day. and so many time we can see
good volatility at the end of the day.
3.Climate Correction:Most of we have also
seen that when a market have a very large
movement for the day then it mostly reverse
to back and try to do some recovery in market.
A stock which have more than 3 to 5% increase
ment or drop for the day can show some reversal
movement next day, which can be also a good
time to enter in market, But here I am only talking
about the larger company stocks, you can
neglect the penny stocks from my comment.
Furthermore I will suggest trader's to gain some
experience about it and spend some time in live
market, I know that most of you have experinece
and have a long trading year's in stock market
business so you can understand it very well that
when there is a movement and when there is not
a good movement, but if you have still some doubts
about it then start to analyze the market from today,
and watch when good movement is there in market, I
am sure that my above words would not be wrong about
the movement.
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