Every trader MUST have a trading journal!

4 thg 9, 2020

1. What is a trade journal?

A trade journal is a method which allows you to describe all the relevant details of every trade that you take.


2. Should I have a trade journal?

Every single trader MUST have a trading journal.
Without having a clear picture for each of your trades, it will be very hard to become a successful trader.

3. How does a trade journal help me?

A trade journal is like a time machine: it allows you at any time to review your trades and their outcome,
reflecting your strategy, state of mind and the market conditions before, during and after the trade.


4. What is the purpose of the trade journal?

Reviewing all the relevant details of your trades will help you understand how successful you are as a trader,
what you are doing right and wrong, when and why you take winning or loosing trades, what and how should be improved.


5. How to keep a trade journal?

The sole purpose of a trade journal is to provide you at any time with a clear picture for every trade you take.
It should contain relevant details, such as:
- What, when and why have you traded?
- What was the entry price, stop loss and take profit?
- How much of your account balance did you put into that trade? What were the potential risk and profit?
- How did the market looked before and after the trade closed?
- How do you feel before and after the trade?

To make it easier for you, there is a link to a template that you can download and START USING TODAY!.

Template Link: Click HERE