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Tactical Trader Day Trading JournalThe Tactical Trader Day Trading Journal was developed to be a daily teaching lesson where I can discuss some charts-trades from the day, in order to point out various trading setups and/or trading issues-problems that I am aware. I also like to use this to specifically answer questions that someone may ask, where it is more effective to try to answer with a chart-discussion, than it would be to try to answer by text only. To make this most effective, it is recommended that the charts-questions first be read-answered AND then go to the discussion page to study what has been written, along with comparing this to your own answers - don’t simply go to the discussion page and read what has been written. Day Trading Journal Objectives Understanding the day trading method, and especially how the trading method setups are related to the strengths and weaknesses of the base method. Understanding that discretion is inherent in a trading method BUT that this discretion can be repeatable -vs- non-random discretion coming from things like market bias or market opinion OR trying to indicator trade as a trading system. Understanding how to use indicator information as part of the trading setup -vs- being an indicator only trader. Understand mixed method [the trading method which will be entering at the same approximated time BUT in the opposite direction] AND the implications of these 'other' methods on our trading. Discussion of trading charts-setups, explaining why a setup is method base and comparing to similar setups that 'shouldn't' be traded - setups that could be regard as trading setup misreads. Discussion of opening emini russell trades and trading setup scenarios using previous price action prices. Discussion of trading setups related to method strengths and weaknesses AND in relation to market conditions such as directional-counter or continuation-congestion. Discussion of directional strength and maximizing the profits of these trading swings with addon trading. |
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