Exit and entry points: Review your exit and entry points and then ask yourself whether you adapted the right strategy to the right market and whether you used the best possible method to protect yourself. Did you give yourself enough room to maneuver? For example, was your sell stop too tight? Should you have given the market more room?
Your charts: Go back and look at the charts you used to make your trade to find out whether the market you were trading is acting similar to the way history shows it has acted in the past. If it isn't, try to figure out what's different about the market. Did you let your own personal judgment ruin your trade because you thought you knew better than the charts? Always trade what you see and not what you think you know.
Fundamentals: Did you really understand what the fundamentals of the market were telling you? Did you understand the nuts and bolts of the industry? For example, did you pay attention to the part of the livestock cycle that the market was in when you traded hogs? Or did you check the weather reports before you shorted soybeans?
Market suitability: Are you really suited for trading in a given market? Perhaps it moves too fast or too slow for you. If you're trading currencies, for example, can you handle moves that last for several days and keep your positions open overnight? Or does that frighten you and make you lose sleep?
Market volume and sentiment: Did you consider ...
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