Tuesday, August 14, 2012

Trading Process - Step 15


The Trading Process - Review and Monitor - Step 15

However you trade, make sure you review your performance regularly.  Some people do this every day, some every month.  The point, though, is to know where you stand, and once you determine something is seriously statistically wrong, make changes.  Don't wait until your account is empty before you take action, but also don't make changes after the first losing trade.

Have a scheduled "business review" and you'll be better prepared than 90% of traders out there.


Next: That completes the series on "The Trading Process"

1 comment:

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