Review transaction logs

After a series of transactions, you have collected some gorgeous data, market and self observation records... How do you analyze it?

It's very simple:

1. Find feasible solutions and continue to maintain them
2. Find the infeasible and quickly abolish it

Identifying feasible and infeasible lies in careful observation and asking the right questions.

Divide your trading results into several subcategories for analysis, such as a day of the week or specific currency pairs.

Here are examples of questions you can ask yourself when reviewing your logs:

• Which mode or tool is most suitable for you? Which one is not suitable?
• How do you adjust indicators to enter trading early, or help you avoid double losses and false actions?
• Did you end the profit trading too early? Is it because you need to adjust your profit target, or are you worried that the target is not realistic?
• Did you stay on damaged trades for too long? How can you improve your stop loss process?
• How often do you follow the trading plan? Have you made any profits from the transactions you followed the plan?
• What are the transaction settings you missed or did not use, and why? Is there a legal signal or is it acting according to one's own methods and system?
• What different methods do you have to deal with your losses or expand your profits?
• Do you profit more when trading in multiple groups or when trading in a single group?
• In which market environment did you perform well? Trend or magnitude?
• Do your profits and losses only occur in certain currency transactions?
• Did that news event bring you the idea of wanting to trade or avoiding trading?
• Which trading period is most suitable for your trading style?
• How many days of the week are your damaged trades concentrated, such as Monday or Friday?

These types of questions can help you quickly find ways to prevent you from making money.

At the beginning, this concept aims to make you clearly understand which practices are suitable for you, so that you can only do the right things.

Once you understand the right thing, the next step is to constantly practice these practices until they become a habit.

Ultimately, continuous logging will help you achieve your best performance, helping you identify when the market is changing - indeed, the market is constantly changing.