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?
While it's good, remember to make all of the mistakes noted down and the reasons behind it as well. If you do not realize what you do is wrong and why it's wrong, then you are not going to end up doing anything that we can do, it's just not going to work at all. I personally believe that we are going to make some profit if we know our mistakes because we won't repeat them.
If you can't just take a look at your own stuff and see the mistake, then that means you haven't studied it long enough, and that's an issue and you should not do it. I believe that you should stop trading at that point and start learning more about your mistakes, until you can see your mistake and be aware of what's going to be the issue, if you are good enough to see that, then you are fine.