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?
I have never had one but I hear a lot of good things about having a trading journal and the many advantages it can bring to your trading game. Trading journals gives you an overview of your trading journey, the profits and the losses that you must have accumulated in the process of learning how to trade. I also saw the importance of trading that most mentors always ask for if they want another mentor to help tutor their students that might have registered for mentorship and don’t have a lot of resources to take it on themselves only. Trading journal is good, but not having one doesn’t make you look like an unserious trader as long as you know what is good for you and you’re working towards achieving that.