🚨 Reviewing your day trades is an important step toward becoming a successful day trader. It enables you to identify what worked well and what did not, allowing you to make changes and improve your performance. #Reviewing #Review
1. Analyzing your entry and exit points as well as the reasons behind each trade should be part of a thorough review. This will enable you to spot any patterns or errors in your decision-making. Review, Review, and Review.
2. it's also important to review your risk management strategies and determine whether they were effective in minimizing losses and maximizing profits. Although a 1/2 R/R is typical, you should always aim for more return and decreased risk.
3. In addition to reviewing individual trades, it's also helpful to review your overall performance on a regular basis. This can help you identify any long-term trends or patterns in your trading. Focus on what is working, and get rid of what is not.
4. Some things you should be reviewing and journaling is Entry and exit points, Risk management, Trade size, Emotions, Market conditions, Your research, and your performance.
5. Remember, the most important thing is to learn from your mistakes and use that knowledge to improve your performance. Keep a trading journal and be honest with yourself about your performance, it will help you in the long run.
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