Trading Gold Review My Gold Trading Journal Trades
When it comes to reviewing your xauusd trades as a trader the first thing that you should have is a list of xauusd trades in your xauusd trading journal. The list of xauusd trades should have some winning xauusd trades & some losing xauusd trades.
Aspects to Review in a XAUUSD Trading Journal
After you have a list of winning gold trade and losing xauusd trades then the first thing that you will review is the win rate of your trading system. For example if you have a record of 20 xauusd trades in your gold trading you will first count your winning xauusd trades and then after that count your losing xauusd trades. If you have a total of 14 winning trades and a total of 6 losing trades then the win rate of your trading system is 70%. If using another example you have 10 winning xauusd trades and 10 losing xauusd trades then the win rate of your gold trading is 50%.
What this means is that if your gold trading strategy has a win rate of 70% it means your gold trading system produces 7 winning trades for every 10 trades - if your gold trading strategy has a win rate of 50% it means your gold trading system produces 5 winning trades for every 10 trades - The higher the win rate of your gold trading strategy the more profitable your gold trading system will be.
Therefore, as a trader the first thing to analyze is the losing xauusd 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 gold.
Then review the profitable xauusd trades and identify why the winning trades produced a profit and try to factor in these factors the next time you are opening a gold trade so as to improve your gold trading results based on the analysis that you will have done from the review of the winning xauusd trades from your xauusd trading journal.
Next thing that you'll 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 will then try and include these factors in your gold trading 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 xauusd trades.
You'll also review the loss per trade & once you have reviewed the loss per gold trade you try to identify the factors which produce the losing xauusd trades that have more losses per trade. You'll then try to reduce these factors which are common in most of the losing xauusd 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 xauusd trades in a gold trading journal and recording the details of the xauusd trades will help you to have a record of trades that you can later review and from the analysis of your recorded xauusd trades you can then find ways of improving your gold trading results based on the analysis you carry out using the review of the gold journal trades.
Trading Gold Review My Gold Trades - Trading Gold Review My Gold Trading Journal Trades - How to Review Gold Trading Results - Aspects to Review in a Gold Trading Journal
