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Wednesday, September 29, 2010

Airelon's Trading Methodology (Series): Exits, Recordkeeping and Metrics (VIDEO)

"The biggest mistake regarding record-keeping is not writing things down or not remembering where you wrote it down." - David Mellem

I'm asked all of the time: "How do you trade?". And when asked, I freely share exactly how I trade. I've had videos here on the daily blog that reviews my own trades throughout the week, and discusses exactly how I trade. But the question will usually come up again and again.

I have discovered that it's best to put together "playlist series" that discuss topics that I receive inquires on a frequent basis.

So here I've begun a new playlist, or series, that discusses my own trading style and methodology. We've discussed a bit regarding the 'psychology' behind my trading methodology and money management, as well as how I approach trading each week, but looking to my edge first, and how I construct that edge looking for situations where all of those aspects agree with one another.

We then discussed moving forward into a trade by discussing the markets reaction to the established bias. We talked about how I chart, what charting tools I use, and how I use, as well as how I use support and resistance in my trading. We discussed entrances and reading the tape; and included a few examples.

Today, I want to talk about what I do after the trade ...

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click here to view the entry ...)

Here is the link to the RSS feed to's version of the playlist.

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 14 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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