Jason Bond of JasonBondTraining.com says that traders looking to refine their strategy need to use a trade journal and periodically review trades. Bond — a swing trader who looks for strong technical set-ups on small-cap stocks — noted that a recent review of his journal showed that the bulk of his losses over the last two years came in options, which he had recently added to his trading menu; the realization forced him to re-evaluate his trading to stick with his knitting and what he does best rather than branch into an area that was not as profitable as he thought it had been prior to the review.
Jason Bond runs JasonBondTraining.com and is a swing trader of small-cap stocks. He appears in the Raging Bull podcast every Friday. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.