Thread by @MapleStax

How I review charts to improve my trading! The key to my success.

🧵 A THREAD 🧵

I will simply explain my process when reviewing my trades/charts each day. This is how you will acclimate yourself for quick analyzation and execution during your trading session.
#ChartHashira

1. I review each of my trades each night to identify what I executed incorrectly and what I traded well that day. This has been my biggest influence in trading that led me to the consistency and success I have today. Screen time is green time. Study yourself.

2. I start off by looking at the chart from a top down approach by timeframes. I look at the Daily, Hourly, 10m, and 5m. I draw the trends and formations I see on the chart to show the bigger picture trend I may have missed during market hours. S/r, S/D, pivots, flags, etc.

3. Keep in mind I’m not wasting time going through every little formation. I want to identify the most obvious patterns and signals that I would be able to replicate during a live trading session. This trains your speed during analysis rather than waiting on a callout or tweet.

4. After plotting all of the necessary formations/signals, I will then place all of my entries and exits on the chart. This is very important as it will display to you if you were trading along the trend. Most times traders are fighting the trend or chasing due to weak emotions.

5. Actually seeing what trade executions you took in comparison to larger participants in the market will be an awakening moment. You will see what trades were foolish or taken with haste in addition to see what executions were done properly and with precision.

6. To enhance your chart review, you should take notes during your trade while you are in it live. This brings more value to your psychological analysis when reviewing. TA is not everything, psychological understanding of yourself is 90% of this game. The ability to enter trades.

7. You must also take into account during your review exterior influences of the market. Indexes, News, FOMC, OPEX, etc. and how it affected price action.

8. Take notes on how you could improve your executions. Ask yourself: Are you chasing? Did you enter because of FOMO? Are you respecting stops well? Did you chart this live or are you waiting for too much confirmation?

9. You will start to realize that the questions will never end and that goes for improvement. Always be a student. Remain humble.

10. Also, shed light on what you did well during your trading session. Identifying your strengths allows you to hone in on what works well for you and how you can take advantage of it. Sharpen those tools and be ready to execute when your niche is presented to you.

11. I could go on and on so this will likely have a Pt. 2 next week. I hope this helps someone out there. This thought struck a chord with me: Every day I trade, the answer and winning trade is right there in front of me. I must either acknowledge it or continue to fail.

12. I will experience losses, but I shall never fail if I don’t give up. Keep working, you are so close.

My links:
Patreon Daytrading Education:
Patreon.com/MapleStax
Patreon.com/MapleStax

Daily Daytrading livestream:
Twitch.tv/MapleStax join us tomorrow 9am EST!