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?
- Making a journal is not always profitable because the technical analysis we do in trading is not accurate most of the time. As long as I'm the only one I follow, whatever direction I see using only one indicator, I just stick to that.
So at least we can see if the strategy we are using to get profit from trading is correct. That is also what happens with the trading signal when we perform it in our trading activity.