Friday, September 21, 2018

Key Areas


I started reading the Project Seed Batch Eternus mini-book that was given last ZFT rift weekend.  The booklet deep dives on the mind and on the experience of the ZFT members who completed their 3-month training.  To succeed in trading, it has been advised that I will need to focus and make a solid habit on the three key areas below:

Back Testing
They say back testing may take hours to complete.  I think back testing is synonymous to dissection of trades.  It allows you to pinpoint indicators of could have been and should have been trade setups.  Probably it can also define the DNA of the stock

Paper Trading
Paper trading builds your muscle before you play in the market battlefield.  You simulate your trade setups and exercise execution of you trading plans.  Building confidence in executing trades is key to profitable gaming.

Journaling
Journaling allows you to assess and reflect your trades down to the deepest level from the planning stage, execution stage up to the selling stage.  You are building a historical data of yourself which will aid you in your future trade plans and execution

In this early stage of my pursuit in trading, I really did not have hands-on experience on the three key areas above.  I am yet to find out so good luck to me. 

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