Risk Management and Journaling To Increase Trading Profits
In this video, we discuss the importance of journaling when day trading in the financial markets. More so focused on the futures market
Some of the key points discussed are as follows:
Sample size required for an edge in trading
Risk Ratio ratio, Strike rate, tick-to-commission ratio, and how this impacts your profit factor
How to start thinking about max adverse excursion (MAE), and max favourable excursion (MFE)
I run over my results for June, and we discuss areas of improvement and food for thought going forward
Link to the Journaling Software I use - https://www.tradersync.com/?ref=mdrjyjc
Want to support the channel? https://www.buymeacoffee.com/mrorderflow
What futures products should you be trading? • What Futures Market Should You Trade?