Day traders' Anzac long weekend lounge April 22 - 25, page-69

Remove emotion from trading

The are no winning trades
How is a trade a winner:
did you get a trophy?
did you get a new car?
did you get ya photo taken and put in the paper or MSM site?
Did you get the best of the best trades on that winner for that time period?

So it is an Income Trade


Losing Trades:
What did you lose?
Was it money?
Did you lose all your money?
Did you lose money but stopped it due to a stoploss?
Ego?
Your shirt?
The trade details?

etc etc

So it is an Cost Trade


Now the trick is to then do hindsight analysis of all trades (or just current completed one):
Can there be be any changes made for next time
was it a FA or/and TA analysis approach?
Is there another stock like this
Can I use this approach again
Do I need to modify my trading plan
Was it all out of my control