A journey of 1,000 miles begins with the first step. A trade journal is the key to long-term success. It is simple to maintain and perfect to use for improving your skill. The trick is to print a copy of the chart you use to enter a trade and a copy of the chart you use to exit the trade. Once this is accomplished, you take your notes directly on the chart. By writing on the chart, you diminish your paperwork.
If you are a swing trader or a position trader, it is easier to maintain a trade-by-trade trading journal. However, a day trader or active trader may find it difficult to document each trade, so a general sentiment of how he is maintaining his system and the overall sentiment on the day may be more appropriate. As you learn some of the various risk management techniques, it will become simpler to use a trading journal on a per-trade basis. Until then, let's take our time.
Transitioning from your everyday investor to a true speculator can be a difficult road. There is no magic word that instantly transforms you. It is a task fraught with its own dangers and perils. To be successful at it, you need the right set of tools and the proper mind-set with a healthy dose of desire to make it work.
The strategies utilized in this article are a sample of the many ways parents can make sure their child is developing strong mathematical skills. The number one way to help a child develop good math skills is to have their parents positively and actively involved with their educational journey.