Silver Journal Book

Silver trading journal will track all your trades in a silver journal. By following this simple, easy to follow journal writing tip, you can easily improve your results. Here is how you do it:

Step 1 - Write down WHY you're making a trade BEFORE opening a trade transaction on your xagusd journal.

Before opening a trade position, write in a journal the reasons why you are making the trade transaction. It doesn't have be long; it doesn't even have to be in compete sentences. Just write in the journal a few key reasons why you are making this xagusd trade.

Be honest with this xagusd journal. If you are honest, it'll stop you from making the biggest mistakes in your trading. If you see that you're making the trade because of anything other than a sound strategy. DO NOT MAKE THE Silver TRADE TRANSACTION!

If you make a losing trade, don't open another silver transaction immediately so as to make profits to neutralize the losses you have made, this is known as revenge silver trading, don't revenge against the market. Switch off the computer, walk away, & take a very cold shower to cool down. And remember that you'll never lose money that you don't put in. A winning strategy is not only about how much you win, but how much you don't lose.

Step 2 - Write down how you will exit the trade BEFORE making the transaction.

Do not get trapped with a great entry strategy without an exit strategy. Your strategy should have both great entry and exit strategies. One is useless without the other.

But you ask, Why bother? I know my silver exit strategy. Why do I have to write it down?

Well, the reason is this: humans are at best irrational, impulsive, and emotional creatures. If you have your exit strategy written down, you have a frame of reference when you exit a trade position. You will refer to your journal BEFORE exiting a trade. If you are closing a position for any reason other than your original silver exit strategy, you must ask yourself why?

Your silver journal will save you more money than you can imagine. It will stop you from making impulsive moves, which is usually why people lose money in xagusd.

Step Three - Write down why you exited the trade position.

This should be same reason that you wrote in step 2. If it isn't, it is up to you to interpret it. Most common reason why traders deviate from their strategy is lack of discipline. Your trading journal will be looking back at you with glaring evidence of exactly why you are not a winning trader.

Step 4 - How Do I Interpret the trading results

You must learn from your mistakes in silver trading. This is best way for anyone to improve their profits. Everybody makes mistakes, but great traders are able to learn from them and not repeat.

And the best way to learn from your mistakes is to document them in a xagusd journal. A few years down the road, you can still look back and realize that you are still making the same errors you were when you first began silver trading online.

This information cannot be found in any book or seminar. Your trading journal is personal and is uniquely you. Your personality will determine type of trader you will become, & will also determine type of mistakes you'll make.

Not only does your journal highlight your weaknesses, it'll reveal the transactions that are the most profitable. After a little while you'll see the type of silver trade setups that make you the most money, and a pattern setup will emerge. Don't let this data on your journal go to waste.

You should do every effort to understand why those trade transactions went well and try to replicate it as often as possible. Profitable traders know their strengths & weaknesses. They play on their strengths & try to minimize their weakness.

Do not get lazy and forget to write in your silver journal. Documenting your thought process is fastest and surest way to get better at silver trading. Do this consistently, and you'll learn more about your habits than you can imagine.

Your goal is to identify & break the bad habits as soon as possible. If you notice that you always hang onto a losing trade transactions too long, you should do everything in your power so that you prevent this from happening again.

Summary

Your silver journal is silver. It contains a wealth of data that will play a vital role in your success as a trader.

We urge you to use it for at-least one month. If it hasn't helped improve your profits in thirty days, then feel free to stop.

But be sure to try it before deciding not to. It may be just the tool needed to push your trading to the next level to becoming a successful trader.