Trading is a Journal

You may have heard the saying:

”Trading is a Journey and not a Destination” 

 We at Tekton couldn’t agree more with this statement, trading is truly an ongoing journey to learn about what works and what doesn’t in the Markets and in the process you will learn a heck of a lot about yourself as well. 

Obviously, the END GOAL is to Make Money and to be truly independent.
This doesn’t happen overnight; it does take time but at Tekton we are trying to make it easier  

It’s often said that one of the most important things that you can do to improve your trading is to BUILD a ROUTINE and part of that routine is to keep a TRADING JOURNAL of why you entered or exited trades.   

You may have heard us talking about decision making processes in the past or using the term trading logic, that’s because we all have our own process, but many times are not truly aware of it. The simplest way to start doing this is with a Trading Journal… 

The main aspects of a trading journal are as follows; 

  • Date of Entry / Exit 
  • Trade Stop / Target 
  • Risk Per Trade 
  • Trade Size 
  • Trade Result 
  • Screenshots of Equity Charts after testing your trades and dare we say it maybe even a description of the DECISION MAKING PROCESS (Your Trading Logic) 

I know what you’re thinking…..I have heard it all before. 

So we decided early on when developing Tekton to do what we preach and have built this capability into Tekton so you are able to document your decision making process and all aspects of the list above. 

We’ve taking the boring aspect of keeping your own journal and built it in to Tekton so you can reference it whenever you want and it automatically keeps a track of all the trades as they happen. 

At the end of the say, you shouldn’t be trading for excitement, you need to be trading to MAKE MONEY. 

And if you want to MAKE MONEY trading the markets, then you REALLY do need to consider having access to  a trading journal, it will help you to keep tabs on your thought process before, during and after each trade in Demo or Live. 

This is about improving your trades through Algorithmic trading using Tekton. 

It will help you to IMPROVE your BOTTOM LINE, NO DOUBT about it. 

You should start using Tekton to maintain  your Trading Journal, starting Yesterday. 

Click the button below to sign up to a Demo account and get started.

Demo Tekton

 

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We get asked a lot of the same questions

“There is no “Secret Formula” that will grant us 100% Win Ratio.”

But the Good News is that, depending on the type of Strategy or System you are trading, you can have a Win Ratio of 40% or less and still be profitable.Trading by plan lets you know when to get into a trade and when to get out. (It isn’t an angel’s voice whispering in your ear every time you’re about to get greedy, friends. It’s the plan.)

If you’ve got a plan, it’s easier to stay objective and avoid revenge trading if things go south, as they will from time to time. And you’ll keep your mind focused and decluttered. No emotion allowed when you’re trading, remember? (Unless you’ve just won a trade and it’s party time.)
So, discipline, good. Gut instincts, bad.
The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

Afraid of impulse trading? You should be

Not only does trading discipline keep you from doing stupid (i.e. greedy, angry, reckless) things, being consistent with your strategies also teaches you a lot about how the market works. And that’s how you build up the confidence you need to make a business out of trading.

So, discipline, good. Gut instincts, bad.
The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

Want real discipline? Start algotrading.

It’s true. The best traders stay disciplined by sticking to their trading plans.

Trading by plan lets you know when to get into a trade and when to get out. (It isn’t an angel’s voice whispering in your ear every time you’re about to get greedy, friends. It’s the plan.)

If you’ve got a plan, it’s easier to stay objective and avoid revenge trading if things go south, as they will from time to time. And you’ll keep your mind focused and decluttered. No emotion allowed when you’re trading, remember? (Unless you’ve just won a trade and it’s party time.)
So, discipline, good. Gut instincts, bad.
The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

What’s missing from most strategies?

Have you ever noticed the one thing about all the information you find out there these days about trading, you know – the various setups, strategies and systems.

Well, they all seem to put a lot of focus on the actual ‘Entry’ and nobody seems to talk must about the other part of that equation – Which is the ‘Exit’ right?

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