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BarroMetrics Views: The Art of Learning and Trading – The Journal
In all the years as a trading coach, one of the most difficult ideas to get across and have the retail client execute is the keeping of trading journals – psych and equity. The second? Getting them to learn from their failures and successes.
Part of the issue was the format I was using – somewhat clunky, and many of the routines had to have separate entries. A new software has some out that does away with these difficulties.
Once setup, the trading journal outputs the stats we need as well as insights into our psychological behaviour. Let’s look at some of these:
- Its ‘Emotional Analytics’ function pinpoints the emotion/emotions affecting your trading results.
- Its ‘Tilt Meter’ identifies the mistakes you are continually repeating.
- The ‘what if’ (Alternative Strategies) shows you how your trades would face fared using different entry and trade management techniques.
- It has all the stats we traders need, and the graphical displays are excellent.
That’s just a small sample of what Edgewonk does. The bottom line is you now have no excuse not to keep your journal and no excuse not to learn from it. Doing will improve your profitability.
Certainly, the designers have done all the can to make the software useful and supportive to the trader. I like it so much that I’ll be bundling it with my courses. By the way, if you have taken any of my courses, and would like a copy, let me know. We managed to secure a 20% discount for bulk purchases.
I like it so much that I’ll be bundling it with my courses. By the way, if you have taken any of my courses, and would like a copy, let me know. We managed to secure a discount for bulk purchases. Note that this offer is available for past and present students only.
Opps I almost forgot. The current cost is USD 169.00 and the URL:
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