We all know that we need to fill in a strict and detailed transaction statistics form in a timely manner when doing transactions, but which items in the statistics form should be recorded in the form, and some traders rely on their feelings. Trading diaries are important, but if you can convert complicated text into organized, systematic, and planned statistical tables, this is the ability that everyone should have.
In today's article, I mainly introduce the entry content items in the transaction record statistics table.
When doing statistics on entry content, we have two key contents, one is entry strategy conditions, and the other is fixed stop loss.
1. Pre-market content
1. Entry strategy conditions
When counting the pre-market content, our key point is why we want to make this transaction, which is what we often call "entry conditions". There may be more than one trading strategy for each person, including unilateral market, volatile market, single-chasing market, intraday short-term market, etc. Therefore, it is necessary to clearly mark in the table what strategy this transaction is, and write a detailed description. Entry conditions, list 1, 2, 3, 4, etc., and then check them one by one in the table. Every time an entry condition is met, tick it before the label, because the entry conditions are often not met at the same time. Trading strategies include trend conditions, timing conditions, and kinetic energy conditions. If you tick the entry conditions that have already been met, it will play a role for the convenience of your own follow-up.
2. Fixed stop loss
The fixed stop loss points of the variety come from the statistics of the maximum retracement points in the process of holding positions. This is to help us clarify the specific fluctuations of each variety, so as to set the stop loss points and the manual closing conditions. Some people think that this is not important. There is a saying, "Entering the market depends on courage, and exiting the market depends on ability". The best way to understand a variety is to grasp the pulse of the variety through the points of retracement of the variety in the position. Some people always say that their stop loss points are not well grasped. The high probability is that this point is not done properly. I once met a trader who had a gold stop loss of 15 points and the goal was to gain 100 points of space. Profit, although this situation will happen, the probability of stop loss is higher than the price.
3. Conventional items
This item includes conventional elements such as time, variety, fixed stop loss, etc., in preparation for distinguishing other varieties. Trading is a game of real money, spend every money as wisely as possible, and spend every money clearly.
4. Summary of admission content
· Variety
· Admission time
· Periodogram
· Original principal
· Margin ratio
· Proportion of funds used
· Admission policy conditions
· Fixed stop loss points
· Fixed stop loss point
· Cost point
· Handling fee
· Spread
· Overnight fee
...
The above are commonly used elements, and other elements can be added according to your trading habits.
epilogue
In the high-risk foreign exchange market, if a complete set of strategies can be formulated for each transaction, the risk will naturally be minimized. Follow the above principles to formulate strategies. If there is no strategy, you will not enter the market. After that, you should not change it arbitrarily due to temporary market fluctuations, and you must exert an incomparable spirit of self-discipline to strictly abide by it. Everything is difficult at the beginning. Only by laying a solid foundation and making detailed plans can this transaction lay a solid foundation for the next position and exit. The most important thing in trading is to get out of your body as much as possible. In a complete transaction record statistics table, you will find that the most occupied pages are precisely the content before the market. Trading strategies can achieve a closed-loop effect, and pre-market planning is the most important thing.
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