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Author Topic: Having a journal of my trades has helped me become a profitable trader.  (Read 165 times)
Luizwalter Crypt
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August 08, 2024, 06:34:59 PM
 #21

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?

It really good to journal one's trades but it's time consuming and that's more reason why many find it difficult in dedicating so much time on it everyday.
Well, to me I think screenshoting my chart before and after my trades play out tends to be more important to me as it shows me exactly what I saw and what happened at the end. I find that easier than journaling as they almost serve same purpose.
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August 10, 2024, 01:56:50 PM
 #22

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.
Having this stuff makes you realize that trading is not always profitable. In some other ways, this helps you see where there is a need to address improvement, but do we really think they are changing? No, they are still doing the same because we know that the market is unpredictable, and no matter how long we spend analyzing the results of our trades based on the records, it is still difficult to fix it.

Quote
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?
No, you are wrong, mate. I want to tell you that the majority are not using this strategy because it never helps in general. Instead, it is only an additional task for them and boring because the results are often the same. If you can imagine seeing all your records as bad calls and losses, you will certainly be frustrated and want not to see your journal anymore.  

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Dunamisx
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August 10, 2024, 02:38:35 PM
 #23

Do you keep a journal of your trades too, and has doing it helped you?

Archiving my trades doesn't make any positive impact on the trades am doing and the subsequent ones i may like to go for, when there are enough market indicators which i can and must always consult before engaging on any trade, what will the previous trade experience do to me on the one am currently considering, i see it as more of knowing abut the market speculations and not the journal keep on previous trades we made, because it may not work for the current one we are about to do.

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August 10, 2024, 02:50:14 PM
 #24

Having this stuff makes you realize that trading is not always profitable.
Trading is very risky, that brings loss or profit at different time and to avoid complete loss of your capital, you must manage your capital in order to avoid complete loss of your capital after a few failed trades. Capital management is the most important thing to do in trading because it is prerequisite before you start trading.

Quote
In some other ways, this helps you see where there is a need to address improvement, but do we really think they are changing? No, they are still doing the same because we know that the market is unpredictable, and no matter how long we spend analyzing the results of our trades based on the records, it is still difficult to fix it.
People usually don't change themselves and if they can not change their bad capital management, they will lose all money someday. If they have good capital management, they can have failures in trading but won't lose all money they have. Then they will be able to learn and use better strategies for trading in future.

Strategies can be good and helpful but all strategies will fail at different times. By having good capital management, you will never lose all money when a strategy fails one or two times.

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August 10, 2024, 05:46:59 PM
 #25

Trading is very risky, that brings loss or profit at different time and to avoid complete loss of your capital, you must manage your capital in order to avoid complete loss of your capital after a few failed trades. Capital management is the most important thing to do in trading because it is prerequisite before you start trading.

It's really true, bro, trading is not only profitable, sometimes we also lose, so we have to be careful in trading, we have to have a good strategy so we can avoid big losses, every trade has something called a loss, but we have to Minimize our own losses so that we don't get frustrated in the future.

There are many ways that we can do to avoid large losses in trading, one of which is that we must not be careless in taking action, then we continue to dig up information about trading so that we don't have to be careless in taking action so that we are affected by very large losses, then keep a trading journal. It really helps us in trading, we can monitor our own profits and losses.

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August 13, 2024, 09:01:51 PM
 #26

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.
A trading journal might be useful to you and might have helped you in so many ways, just as you have said, but I don’t think it’s useful to everyone because, for me, I haven’t taken record of my trades before, and I do make money from trading. I'm not against making use of trading journals, but it doesn’t guarantee profit. If you don’t properly do your analysis, even when documenting your trade history, you won’t still be making money. But if you think documenting your trading history works, then it’s fine, but I haven’t tried that before, and I don’t think it’s useful to me, that’s why I don’t do that.

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August 15, 2024, 06:56:22 PM
 #27

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.

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