Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.
Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.
Do you keep a journal of your trades too, and has doing it helped you?
It actually true that keeping record of your victories and failures in trading is very helpful no doubt, because it mostly helps you to know why you won a particular trade and why you lost a trade, but it not that easy to stay discipline and committed to it, but even though you are quite discipline enough to keep to it, it is not the most important thing in trading, it's the secondary aspect of trading, because in trading, the most important thing is, you must have are knowledge on technical and fundamental analysis, patience, knowing how to manage your risk properly, not over leveraging, don't over trade etc, these are few skills in trading that are very much important and they came first in the scale of preference in other to be successful in trading.
But as for the question you as, if am keeping records of the trade I took, no, I don't, because I don't think it's necessary, what I mostly do in trading is that, I always wait for a particular set up, if their is no opportunity as the set-up am waiting for, I will choose not to engage, until I have seen what am looking for, because I hardly loss a trade with such particular set-up, so that's what I usually do.