One Way to Review Your Trades

If you’re at all like me, every now and then certain aspects of your trading will stand out as having changed.  Sometimes that’s for the better, other times for the worse.

While it’s fun to see improvement over time, one key to trading success is the ability to modify one’s approach periodically in order to stay on track.

I think of it like that statistic you’ve heard about how much of the time an airplane is just a little off course when in flight, with the pilot constantly putting it back on line toward its destination.

As traders, we have the same responsibility.  We maintain our direction by reviewing (mentally or physically) how we’re doing, and then by making the necessary adjustments.

Well, last night I recognized that one particular strategy which I happen to trade has been off a little lately.

So what did I do?

I got up early this morning (that’s part of preparation) and spent some time going over some of my historical trades when this strategy was really on, and I compared what I found there to how I’ve been trading this strategy lately.  It was an eye-opening exercise, and so far, a profitable one.

This same clip is posted over on the Trading Videos site and perhaps you’ve seen it there, but in case you didn’t, I wanted to put it here on the blog.

Let me highly suggest clicking the “HD” on the video player and then going full-screen for best quality.

Thanks for stopping by and I’ll see you here soon with more. Until then…

Trade Like a Bandit!

Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com

[tags]Stock Market, Day Trading, Stock Trading, Investing, Swing Trading[/tags]