Do You Track Your Trades?

I’ve noticed recently that I’ve been selling too early once I’ve entered a trade and have a paper profit. I’ll have a plan going into the trade, and a target, but I’ll sell the second half early. I did it today in trades involving QID and AGU.

I held a short overnight in AGU, which was weak from the start. I covered everything clearly too early at 90.5. I’d should have used a trailing bar stop. There were lower highs down to 87. So I left 3 1/2 points on the table.

I entered the trade in QID at 42.76 with a .30 R risked. My plan was to sell 1/2 at 43.06, and the second at 43.36. I sold the first 1/2 ok, but then sold the 2nd 1/2 near the same area prematurely.

These trades tell me I need to evaluate all my trades by taking screenshots of them at the end of the day for review. I’ll also go over them all again on the weekend.

Spotting problems and identifying why trades are losers can only lead to one thing… more winning trades.