Importance of Trading Journal and downalod sample spreadsheet
What is a trading journal? A trading journal consists of a document where everything you do as a trader is recorded, including strategy development, risk management , psychology, and more. Keeping a trading journal is easy but very effective if created and used correctly. While it can bring valuable insights that may prevent your account from blowing up. There are several important reasons why keeping a trading journal is important, including: It keeps you accountable. It makes you more disciplined and consistent. It helps you spot profitable trading strategies. It documents your strengths and weaknesses. It makes you more careful when analyzing potential trades. Successful traders plan all of their trades meticulously and document the successes and failures of their trading performance. By creating a trading journal and using it correctly, you can become a successful trader regardless of how the market moves Download a copy Spreadsheet columns Here are some details about the column