Day Trading Education & Training - Trading Tools - How to see the adjustments you need to make

- SMB's Workshop on Trading Setups (free) https://bit.ly/3uhPSII #smbcapital #stockmarket #daytrading Garret Trade Log Show Notes Key Takeaways - The trade log is a processed tool that Garret created which helps him hone in on his areas of trading and the areas of the market he should be paying attention to - The trade log helps him with just about everything related to his trading; P&L based on good & bad trades, his process, key things that need attention, and necessary adjustments - Always look for new ways to get better - If mistakes are made, you need to catch them quickly before they become a problem - The Trade Log was developed for a more in-depth review compared to just looking at P&L or executions - You could trade well, allocate risk appropriately, execute well, keep yourself in check, etc. But with low opportunity days, could just end up negative - The Trade Log, with color coding, allows Garret to fully examine the trading (thesis idea, R:R, the executions, etc.) to see where he is doing well or where he needs to make the actual adjustments - Within The Trade Log, the “Play” column allows Garret to see which type of trades are working in the current market - Having the market supporting or bringing down a trade on an individual stock is very important to look at for live trade execution and review Come up with your own trade log that fits your trading style Quotes “Trading is all about adjusting” “We are running a business and any business wants to pay attention to their inner-workings” “We are always working on new ways to improve our game” “Keeping track of things daily is important” “I’m not going to beat myself up on an idea that failed” “Even on a winning day, it’s easy to go home and just think that you did everything right” *SMB Disclosures* https://www.smbtraining.com/blog/smb-disclosures 0:00 Introduction 1:57 What does the TRADE LOG do for me? 3:36 What is process? 4:22 Why process? 5:47 Garrett's process 11:02 Keys to my success (aka "3 pillars of consistency") 14:57 EXECUTION (examples) 18:22 EXECUTION ("Play" column examples) 24:20 Opportunity (example) 26:36 Your Trade Log