Trading Discipline And The Trade P&l
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 669.62 MB
| Duration: 0h 45m
Trading discipline to improve your trading profits sustainably
What you'll learn
The success determinant in profitable trading
Building a trading system that suits your own style - that means, lower stress
Learning from your own trades - Identifying your own strengths and weaknesses in trading
Insights into forecasting of trading revenue and realistic target setting
Requirements
Basic understanding of profit and loss, execution of a equity trades - long and short positions.
Description
This is a course that focuses on data management pertaining to your trades, that enhances your trading, simply because you maintain the data that can help you derive the insights into your trades. Roughly broken into two types of documentation - pre trade and a post trade documentation. Pre trade documentation is your trading journal - that actually works as a decision engine basis the data you gather around the trades - simple pointers like expected P&L, time to realize the trade etc. This section also talks about how to select the best trade out of all the choice you have. The post trade document is your P&L that includes more than just the gross margins. We are talking about transactional costs, other costs and also the cost of capital - the metrics are responsible for the success in your trades. These metrics are thoughtfully designed which when synched with your trading personality type, can give a sustainable, reproducible and less stressful trading system. Students are encouraged to use the templates that have been made after months of research, steady improvements which capture the very core of the secret of success in trading - the discipline! Hope to see this course adding the value in one's trading journey, as this system is agnostic of the trader's strategies.
For the traders who are starting fresh,For the traders who are finding it difficult to be profitable in equity, commodity, crypto, options trading,For the traders who intend to build a steady trading system that runs on logic and not emotions
Trading Discipline And The Trade P&l
