The Power of Detailed Trading Analysis: 3 Tips for Success
When analysing the markets, it’s not just the high-level details we’re interested in. The finer details matter too. Succeeding in the markets is all about recognising and understanding the nuances in the price movements.
However, even when traders identify these intricate details, they often overlook them as their session progresses. It’s too much information to constantly keep in mind.
The tips I’m about to share with you solve that problem. They’ll help you gain an advantage from all the details in your analysis and have you organising it all more professionally.
Tip 1: More detailed prep to start the session
Most traders understand the value of a trading journal. Those who do keep journals usually take notes about their analysis and decision-making process after closing a trade.
However, on the occasions when they analyse an opportunity and decide not to take the trade, they have no record of it.
I realised that by doing this, I was holding back my trading in two major ways.
Firstly, I couldn’t look back and see where there were opportunities I was consistently filtering out that I should actually be trading (this one is a topic for another time).