Trading Commodities Review My Commodities Trades
When it comes to reviewing your commodities trades as a trader the first thing that you should have is a list of commodities trades in your commodity journal. The list of commodities trades should have some winning commodities trades and some losing commodities trades.
How to Review Commodities Results
After you have a list of winning commodity trade and losing commodities trades then the first thing that you will review is the win rate of your commodity system. For example if you have a record of 20 commodities trades in your commodity you will first count your winning commodities trades & then after that count your losing commodities trades. If you have a total of 14 winning trades and a total of 6 losing trades then the win rate of your commodity system is 70%. If using another example you have 10 winning commodities trades and 10 losing commodities trades then the win rate of your commodity is 50%.
What this means is that if your commodity strategy has a win rate of 70% it means your commodity system produces 7 winning trades for every 10 trades - if your commodity strategy has a win rate of 50% it means your commodity system produces 5 winning trades for every 10 trades - The higher the win rate of your commodity strategy the more profitable your commodity system will be.
Therefore, as a trader the first thing to analyze is the losing commodities trades and find the factors that made these trades to produce losses - then after that try not to repeat the same mistakes next time when trading commodity.
Then review the profitable commodities trades and identify why the winning trades produced a profit and try to factor in these factors the next time you are opening a commodity trade so as to improve your commodity results based on the analysis that you will have done from the review of the winning commodities trades from your commodity journal.
Next thing that you will review as a trader is the profit per trade - once you have reviewed the profits per trade you will then identify the factors that are common for the trades that produced more profit per trade - you'll then try & include these factors in your commodity so as to improve the average profit per trade for each trade that you will open. This will try to help you to improve your trading results as you continue trading and including more of the factors that help to produce winning commodities trades.
You will also review the loss per trade & once you have reviewed the loss per commodity trade you try to spot the factors which produce the losing commodities trades that have more losses per trade. You will then try to reduce these factors which are common in most of the losing commodities trades & this way if you can identify factors which are producing more losing trades then you can help avoid making these mistakes the next time you open a new trade transaction.
As a trader keeping a record of all commodities trades in a commodity journal and recording the details of the commodities trades will help you to have a record of trades that you can later review and from the analysis of your recorded commodities trades you can then find ways of improving your commodity results based on the analysis you carry out using the review of the commodity trading journal trades.
Trading Commodities Review My Commodities Trades - Trading Commodities Review My Commodities Journal Trades - How to Review Commodities Results - What are the Aspects to Review in a Commodities Journal
