What’s the best pattern in the market?

That depends on YOU!

Good Morning! Athletes don't just show up on game day and expect to outperform their opponent…    They put in the work by preparing. Every. Single. Day.    Practices, drills, reviewing videos of past games ... All to refine their edge on the field or court…   It's the same in trading.    If you want to be at the top of your game, you have to put in the work — even when the market's closed. Today I'll share how you can track your trades to find out the strategies that are working the best for you…    So when the market opens up tomorrow, you'll know where to focus and which setups deserve your hard-earned money.   The only way to know that is to have data…   After all, Mark Croock wouldn't have known his shadow trade strategy was repeatable if he didn't track the data. But now, after more than 10 years of testing…   He's able to trade his strategy for six-figure gains in a single day!     He'll share how he's able to do it in his special event on June 2 — RSVP now!    If you're ready to separate yourself from the losing traders, do what others aren't willing to do. Today's the perfect day to buckle down — build, update, improve, and review your spreadsheet.    Here's how to do it and why it's important…   Get my trade idea notes including entries, exits, and stops here.  How to Build a Spreadsheet and Track Trades A lot of traders want to take the easy route when it comes to building a spreadsheet…   They want someone to give them a template so they can fill it in and take the easy way out.   But the truth is, everyone's spreadsheet should look a little different. Because you should be tracking the information that's most important to YOU.   And they can be as simple or as complex as you like.    Here are some basics to include in your spreadsheet:    Date Ticker Sector Position size Bias — long or short  Catalyst  Entry Stop Exit Total profit or loss   But the most important factor to track on your spreadsheet is strategy.    Were you trading a dip and rip, afternoon VWAP-hold high-of-day break, or a red-to-green move?    Maybe you have your own strategies — that's great.    Just have a specific name for each of your patterns so you can see which ones work best for you.    Once you know the strategy that works best, you can narrow down your best trades based on all the other criteria.    SteadyTrade Team members can watch my in-depth spreadsheet and data tracking webinar here. I show you how you can use formulas to do the calculations for you. And how to use conditional formatting to highlight wins and losses in red and green.    Another way to track your trading data is to write your trading plan down first. Then, once you take a trade you can input the information into your spreadsheet and compare your plan vs. your results.     The information can tell you whether you:   Sell too soon Hold too long Chase stocks above your entry Don't stick to your stops   Now you can use that information to improve your performance…   Once you know what you're doing right and wrong, you can tweak it to become the best trader you can be.    But all the information in your spreadsheet doesn't do you any good if you don't review it…   Review your data daily, weekly, or monthly. Whatever it takes for you to have an idea of what's working for you at any given time.  Because what works in the market can change. And that means the patterns and strategies that work for you will change.  Don't Like Spreadsheets?  If you don't like spreadsheets, you can also journal your trades on a site like Profit.ly.  Once you input your trade details, it provides you with detailed stats. Check out Tim Sykes' trades on Profit.ly here. And see his stats below… You can also use free online resources like Evernote as a trading journal to track your trade ideas. I use it every morning in the SteadyTrade Team…   Members can get a trading journal template and other resources here.    Not a StocksToTrade or SteadyTrade Team member?   Watch this video to learn more about tracking your wins, losses, and trade plans.    And don't forget to RSVP to Mark Croock's event — he has limited spots available! So sign up here to secure your spot!   Have a great day everyone. Let's get back at it tomorrow.   Tim Bohen Lead Trainer, StocksToTrade sponsored Six-Figure Profits In Less Than 24 Hours! It Might Sound Crazy… Especially In A Bear Market But That's Exactly What Mark Croock Did!   All Thanks To A Discovery He Calls Shadow Trades…   And On Thursday, June 2nd at 8 PM ET…   He's Inviting You To The First-Ever Shadow Trades Summit   Registration Is Free, But Seating Is Limited — Don't Miss Out! sponsored Why can't veteran trader Tim Bohen stop laughing? He says he's just identified the ultimate revenge trade…   And can't wait to hear from the haters.   In 2020, people who doubted him missed out on the opportunity to make EIGHT TIMES their money.   Click here to see why he's having the last laugh. Recommended Membership Gifts ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. To The Moon Report Weekly Stock & Crypto Watchlist Stock Market Safety Course By Millionaire Trader Tim Sykes   Click Here to Unsubscribe   (As an Amazon Associate, we earn from qualifying purchases.)   13809 Research Boulevard, Suite 500, Austin, TX 78750   *Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.   This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.   StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.   StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.   Copyright © StocksToTrade.com