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?
I used to do this a lot, when I was learning how to become a trader, I always kept a journal, and not only I checked my mistakes, but I checked my profitable trades as well. That way, I would look at them, and then I would look why it did well or why it did terrible and then if I found out what I should do and what I shouldn't do, that way it really became a lot better.
We should consider that to be the most important part, it's not going to be something that would not be all that easy to handle. We are going to end up with something that's going to profit us eventually, should not be considering it as that much of a big deal at all. We are going to see this growing to be a lot bigger, and that's why I think we will benefit from having a journal.