Today we had an SMB Tradecast reviewing a play for the SMB PlayBook. A trainee records their best trade of the day in our SMB PlayBook template form and then sends me and the desk the trade. I choose the plays that I want to review for future SMB Tradecasts. An idea was shared that you might was to co-opt.
A trainee placed note next to his Level II and on his trading platform about the stock he was trading. I am paraphrasing here but examples were something like:
LVS is very weak
Momentum is not working
What a wonderful idea!
Doing so will make you less likely to take a position against your self interest. Doing so helps you internalize the trade. Doing so helps you remain in a calmer state while trading as you are recording more what you are observing from the market. Doing so helps you make better trading decisions.
I was very impressed with this idea. Perhaps you can use this to help improve your trading.
Bella
One Comment on “An idea to help improve your trading”
i do this all the time with stickies on my monitor….i have guidelines i always follow and i read them off before i place a trade, to make sure the trade meets all my rules…as it is hard to keep a mental track of all your rules as youre watching a very volatile market.