The Voodoo Trading Journal

Description

Trading journal overviewThe key to being a profitable trader is having a systematic trading strategy, with a positive expectancy, and the discipline to follow your system day-in and day-out.The Voodoo Trading Journal will coach you through the development of a written, systematic, rules-based trading strategy and provide you with a daily and monthly routine to ensure you consistently execute your strategy.Developing your trading strategyThere are hundreds of potential profitable trading strategies . The secret is to develop a trading system that fits your personality and is easy to repeatedly execute.The Voodoo Trading Journal will assist you in developing and backtesting your personal trading strategy that clearly identifies:- What markets to trade- Potential trade setup- How to enter the trade- How much to risk on the trade- Initial stop loss exit- Profit stop exitDaily RoutineThe power of a daily written journal and its benefits are well documented. Each day the Voodoo Trading Journal will provide you with a checklist of the steps you should go through to systematically execute your trading strategy. The 15 -20 minutes you spend each day updating your journal will instill the power of routine and make you a better, more disciplined, trader. Each day there is an inspirational quote from some of the world's most successful traders.The Voodoo Trading Journal is more than just a trading journal. The journal also provides space to document your daily goals, general journal entries, exercise and meditation routines and reflect on the days positive experiences.Monthly Summary For each month there is a monthly summary section where you can record your overall trading statistics and document individual trades.The monthly summary provides space where you can attach a stock chart showing a history of the trade and document lessons learned from the trade.