Timothy Sykes
@timothysykestrader·479K subscribers·3.4K videos
The Good And Bad Of My Recent Trading
Posted
September 26, 2021
Views
5,486
Likes
223
Comments
34
Engagement
4.68%
September 26, 2021
5,486
223
34
4.68%
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Being honest with yourself is underrated as a lesson for becoming a consistent trader. But it’s actually CRUCIAL. If you don’t recognize or document your mistakes, then you definitely can’t stop making them. Not sure what to look for when reviewing? Watch this to see what I have to say about my recent trading day!
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🔴 FULL DESCRIPTION:
I’m not very proud of this video lesson, but I had to make it either way…
I’m here documenting my wins, losses, trading mistakes, and other things that were part of my trading day.
It’s important to review your trading days because if you don’t, how will you improve?
Or better yet, how will you know when you DO improve your strategies?
Using profits as a gauge for your progress isn’t that accurate. Some days you could honestly get lucky with market conditions or perfect executions…
You could also just be at the right place at the right time.
But when you review everything about your trades, that’s when you can pinpoint exactly what you did right and what you did wrong...
Things to consider when you’re going over your trading day include time of day, emotions at the time of trading, position size, entry point, exit point, and your profit or loss from that trade.
Those are the best ways to see how you’re refining your process. But if you’re still unsure of how to review your trades properly, then watch this video.
I’ll tell you all about my recent trading day here, and hopefully, you can learn from what I’m analyzing about myself and apply it to your own strategy…
And for the mistakes I made, take notes on that too to remember what NOT to do — watch and learn!
Do you know why it’s crucial to be honest with yourself when you make mistakes in your trading? If so, comment below and tell me how you can improve your own strategies based on your review!
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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(All content on this website is intended for educational and informational purposes only.
The material on this website is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following the instructor’s strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by the instructors to adjust for those fluctuations may change without notice.
There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments.
You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.)
