{"id":18135,"date":"2022-11-28T13:19:32","date_gmt":"2022-11-28T21:19:32","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18135"},"modified":"2022-11-28T13:19:32","modified_gmt":"2022-11-28T21:19:32","slug":"trading-journal-trading-levels-for-11-29-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-journal-trading-levels-for-11-29-2022\/","title":{"rendered":"Trading Journal + Trading levels for 11.29.2022"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/span><\/div>\n
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https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Keep a Trading Journal!<\/h3>\n

By John Thorpe, Senior Broker<\/p>\n

You\u2019ll often hear us say \u2018plan your trade and trade your plan\u2019.<\/p>\n

I\u2019ll add to that \u201cand keep a detailed Trading Journal or Trading Diary\u201d.<\/p>\n

There are a number of important ways you can develop as a trader by documenting and reviewing your daily trading activity.<\/p>\n

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  1. Skill development \u2013 a diary allows you to see where in your analysis you were correct, but most importantly where you were wrong. Most of us find it difficult to admit when a mistake has been made. A conversation in the mirror is helpful to overcome this frailty. Not calling out your mistakes will hinder you as a trader, learning from your mistakes is one of the most effective ways of improving any skill set. Michael Jordan\u2019s secret to success was captured in his quote; \u201cI\u2019ve missed more than 9000 shots; I\u2019ve lost almost 300 games. 26 times I\u2019ve been trusted to take the game winning shot and missed.\u00a0I\u2019ve failed over and over and over again in my life. And that\u2019s why I succeed\u201d Fearlessness when it came to failing. Honesty first, with yourself.<\/li>\n
  2. Improves your trading strategy- giving yourself the ability to look back and potentially avoid making the same mistake more than once. You can identify the successful strategy whether it was due to a set-up, a particular way the market was behaving, before a report or after one or perhaps your risk management strategy.\u00a0After evaluating the success or failures of your trading strategy, you may conclude that you need to change that strategy.<\/li>\n
  3. Key elements to your diary-<\/li>\n<\/ol>\n

    Date and time<\/p>\n

    Position size\u00a0( in notional value relative to your account size)<\/p>\n

    Details of the transaction, Long or Short, entry price, risk management used (stop, option or spread) trade outcome. Keep notes of specific market behavior during times like holiday trading, specific reports ( CPI, NFP etc.)<\/p>\n

    Record your why, your rationale for the trade. Record your emotional state (well rested, anxious, excited) Was it a busy day?, did you monitor the trade?, did you go to the gym?, did you leave for a few hours? Why did you close the trade? Did you get nervous? Was the market beginning to change complexion?<\/p>\n

    Setting aside time to review your journal once a week is highly recommended to gain the maximum use out of the experience. A trading journal or Trading Diary is not just about the initial documentation, but the review is what will create a better understanding of triggers, both good and bad that you can learn from and improve your trading strategy for years to come.<\/p>\n

    A Cannon broker<\/a>\u00a0will be able to assist, provide feedback and answer any questions.<\/p>\n<\/div>\n

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    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n

    Futures Trading Levels<\/strong><\/h3>\n

    for 11-29-2022<\/p>\n

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    <\/div>\n
    \"#goldfutures
    SP500 #ES_FNasdaq100\u00a0 #NQ_FDow Jones\u00a0 #YM_FMini Russell #RTY_FBitCoin Index #BRTI\u00a0SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds\u00a0 #ZB_F Dec. 10 yr\u00a0 #ZN_F Dec. Corn #ZC_F Dec.\u00a0 Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F\u00a0October Sugar #SB_F Dec. Cotton #CT_F Sept.\u00a0 Euro Currency<\/figcaption><\/figure>\n

     <\/p>\n<\/div>\n<\/div>\n

    Economic Reports, Source:\u00a0<\/strong><\/h3>\n

    Forexfactory.com<\/a><\/p>\n

    \"\"<\/p>\n

    This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Keep a Trading Journal! By John Thorpe, Senior Broker You\u2019ll often hear us say \u2018plan your trade and trade your plan\u2019. I\u2019ll add to that \u201cand keep a detailed Trading Journal or Trading Diary\u201d. There are a number of important ways you can […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,76,230,30],"tags":[],"class_list":["post-18135","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-trading-2","category-day-trading-2","category-futures-broker-2"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=18135"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18135\/revisions"}],"predecessor-version":[{"id":18136,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18135\/revisions\/18136"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}