Jan 5, 2017
In this Q&A episode, I discuss the process of making your trading strategy better and I also do a review of my trading year.
It is very important for any trader to look back at the year that went by to evaluate things that went well and things that didn't go very well.
Personally, I'm proud of the capital I've been able to collect in 2016 through a few investors. However, I'm not particularly happy with how I handled my July 2016 drawdown.
On the positive side, I see this drawdown as a great learning opportunity.
Personally, every strategy I currently trade is composed of 4 parts:
All those factors, when combined, create confluence. Making your trading strategy better involves looking at the 4 parts mentioned above and adding criteria to limit yourself to trading higher quality trades.
The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast.
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!