Kardec Trader walks through how to analyze losing trading days by reviewing past trades and asking specific questions: why you entered and exited, what your pre-market plan was, what actually happened, your position size, and your execution. Breaking down these areas helps you figure out what to improve.
So the first thing is to be able to identify why you had the losing day. Now, sometimes you have a bad read in the market, you have a bad read on the trade, you kind of have no idea what's going on and you take random trades. I'll go back into the trade and I'll put a big question mark, which is why they enter, why to exit. What happened in my pre market game plan? What was my game plan or outlook for the day? What actually happened for the day? What could I have done better? Was my size proper or not? And how is my execution? So I'll start looking at all these things and then I'll start breaking it down individually to identify what do I need to work on.
