Is trading journals worth it?

[tomos81]

You will gain experience about trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience.The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

[Kemarit]

You will gain experience about trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience.The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

I think getting yourself into trading early, definitely you will have to gain the experienced. As for the journals or notebooks, this is just one way to track your progress and I think not just in crypto trading, but all other business and endeavors has to be in writing, a data that you can have any given day to make a decision. So I would say that having a trading journal is the beginning is good, but it's not a must if you go past the beginners levels. Everything should be in your head by that time.

[rozak]

You will gain experience about trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience.The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

I think getting yourself into trading early, definitely you will have to gain the experienced. As for the journals or notebooks, this is just one way to track your progress and I think not just in crypto trading, but all other business and endeavors has to be in writing, a data that you can have any given day to make a decision. So I would say that having a trading journal is the beginning is good, but it's not a must if you go past the beginners levels. Everything should be in your head by that time.

most serious traders have their trading journals. learn by getting hands-on experience. it will help in determining market analysis when entering a trade.
while applying knowledge from reading books will reinforce what trading analysis tools show. To be honest, crypto trading is not just buying and selling. if you are serious about crypto trading, there is certainly a lot to learn.

[judaspriest]

You will gain experience about trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience.The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

I think getting yourself into trading early, definitely you will have to gain the experienced. As for the journals or notebooks, this is just one way to track your progress and I think not just in crypto trading, but all other business and endeavors has to be in writing, a data that you can have any given day to make a decision. So I would say that having a trading journal is the beginning is good, but it's not a must if you go past the beginners levels. Everything should be in your head by that time.

most serious traders have their trading journals. learn by getting hands-on experience. it will help in determining market analysis when entering a trade.
while applying knowledge from reading books will reinforce what trading analysis tools show. To be honest, crypto trading is not just buying and selling. if you are serious about crypto trading, there is certainly a lot to learn.

That's true if we look at the outside, crypto trading is like buying and selling but actually it's not like that,
Crypto trading is very complex and we need to learn a lot of things to support when trading,
knowledge, skills and self-control I think we should learn all three and that's important

[South Park]

You will gain experience about trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience.The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

I think getting yourself into trading early, definitely you will have to gain the experienced. As for the journals or notebooks, this is just one way to track your progress and I think not just in crypto trading, but all other business and endeavors has to be in writing, a data that you can have any given day to make a decision. So I would say that having a trading journal is the beginning is good, but it's not a must if you go past the beginners levels. Everything should be in your head by that time.

I think that keeping a trading journal is a good idea regardless of your level of experience, and the reason for this is simple, since our memories are imperfect as time passes we will tend to forget the reasons and the specific circumstances of many of the trades that we made, this means that when you decide in the future to make a review of your previous trades with the intention to improve your trading system, if you are not using a trading journal your chances to do so will be on the low side, while if you have a trading journal you will know exactly why you did what you did and correct any mistakes you could have made back then.

[sklopan]

In general, I think that such a variant is quite good. At least given the current state of affairs - the option can be profitable.

[Oshosondy]

You will gain experience about trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience.The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

What that matters most in trading is experience, not trading journal, but I have heard people are doing that, but I did not know how that is convenient for them, I can vividly remember all that is happening in my trading life, the mistakes I made and what I did to make such mistakes from happening again, also I know if I lose, how much I lose and if I should stop trading or not. To be sincere, I have seen no reason for a trading journal, what I have see that is most important is experience, which is what trading journal can not give traders.

[Mahanton]

You will gain experience about trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience.The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

What that matters most in trading is experience, not trading journal, but I have heard people are doing that, but I did not know how that is convenient for them, I can vividly remember all that is happening in my trading life, the mistakes I made and what I did to make such mistakes from happening again, also I know if I lose, how much I lose and if I should stop trading or not. To be sincere, I have seen no reason for a trading journal, what I have see that is most important is experience, which is what trading journal can not give traders.

Doesnt matter whether you do like it or not but there are indeed people who do keep some journal for some preference whether it could be used on the future for preference or something that he had tally out
in regarding with his engagement in the market and this is something depending on someone and there's nothing wrong with that.Being worth will really be the thing that you would be finding out for yourself.
For some people it might really be that irrelevant but its actually helpful for someone and its none of their business on what are  the usage of those journals or tallys that you had made of.
So it does vary since people are different in terms of mindset and perceptions.

[Leebabe]

Trade journals aren't so bad or aren't bad for use because it has its purpose, its benefits for those who use it. It can help a trader to monitor all his trades of he'd be able to see if he's progressing or not. It can make one to at least find out what they are good at or what strategies they are using that is working for them or not working for them, enabling them to make the necessary adjustments they need. It could also help in the area of risk management.

[AicecreaME]

It depends, in my opinion.

Other traders might find it helpful and others might find it devastating. Your mistakes that you wrote in your journal could help you to avoid the same mistake, which leads to growth because you're gonna find another way to correct it instead of doing it again. On the other perspective, looking at your mistakes in your journal might give you a certain impact like discouraging yourself to quit trading because you committed already a lot of mistakes and stopping trading is more wise.

[sklopan]

In general, for beginners it is quite convenient. At least, with the right approach, you can get a very good result.

[doomloop]

It depends, in my opinion.

Other traders might find it helpful and others might find it devastating. Your mistakes that you wrote in your journal could help you to avoid the same mistake, which leads to growth because you're gonna find another way to correct it instead of doing it again. On the other perspective, looking at your mistakes in your journal might give you a certain impact like discouraging yourself to quit trading because you committed already a lot of mistakes and stopping trading is more wise.

The key there is to have a trading journal right at the start or before you do your first trade (the actual/real trade and not the demo one's) so that you can stop once you know that your losses are already too much and you can not afford to lose more than that but if you haven't come to that point, you can still try correcting your mistake and hope that you can become a better trader one day.

If ever you haven't done a trading journal before but you are somehow good at trading, like you can pull a win other than losses then I think there is no need for you to create a trading journal as it can only be a hindrance to what you are currently doing.

[Lanatsa]

It depends, in my opinion.

Other traders might find it helpful and others might find it devastating. Your mistakes that you wrote in your journal could help you to avoid the same mistake, which leads to growth because you're gonna find another way to correct it instead of doing it again. On the other perspective, looking at your mistakes in your journal might give you a certain impact like discouraging yourself to quit trading because you committed already a lot of mistakes and stopping trading is more wise.

Yes, this is really just depending on someone on how they would really be treating these things to be that relevant with your trading outcomes and if you do see for it to be that relevant or useful for you then go ahead.

Worth of something does depend on someone yet we do have different experience on what we are dealing off with and if you do see its relevance then its good but if you do see its useless then dont

boggle up yourself on making some journals and you are just simply dealing on what are the current things you've been engaging into.

[AakZaki]

It depends, in my opinion.

Other traders might find it helpful and others might find it devastating. Your mistakes that you wrote in your journal could help you to avoid the same mistake, which leads to growth because you're gonna find another way to correct it instead of doing it again. On the other perspective, looking at your mistakes in your journal might give you a certain impact like discouraging yourself to quit trading because you committed already a lot of mistakes and stopping trading is more wise.

but certainly trading journals let us know what happened in the past and we must have progress to correct all these mistakes. By keeping a trading journal we can evaluate the results of our trades over a certain period of time and this evaluation is useful for developing a trading strategy that is suitable for your trading. Those who despair because of past mistakes will certainly not be able to step up to a higher rank, because they are still stuck at that level.
I keep several trading journals which I record every time I make a trade and it becomes my personal journal.

[virasisog]

You will gain experience in trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience. The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

If it helps you grow and improve your skills in trading then it's worth it. Trading journals could help you track your trading records including your profit which would be helpful for you to monitor your growth as a trader. Any tool that monitors your experiences will also serve as a guide and motivation for you to maintain or do more in trading. Through it, you could beat your own record.

[wxa7115]

You will gain experience in trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience. The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

If it helps you grow and improve your skills in trading then it's worth it. Trading journals could help you track your trading records including your profit which would be helpful for you to monitor your growth as a trader. Any tool that monitors your experiences will also serve as a guide and motivation for you to maintain or do more in trading. Through it, you could beat your own record.

You are absolutely right, one thing l like to do when I occasionally play a video game is to look at my previous record and to try to break it, I think this is something natural which many people do when playing any kind of game.

If you do not keep records then you will not have a precise idea of your biggest win or loss, your fastest win or loss and so on, by keeping detailed records you will know all of this information and more which will push you to try to get better and diminish your losses while improving your profits, and that can only be a good thing.

[DoublerHunter]

You will gain experience in trading when you follow more and more notebooks. And you have to have an idea about the different exchanges so you can gain experience. The more you can trade, the more you will gain experience, but before you start trading you must follow a variety of steps that will help you. If you are trading journals If you follow then of course you will be successful.

If it helps you grow and improve your skills in trading then it's worth it. Trading journals could help you track your trading records including your profit which would be helpful for you to monitor your growth as a trader. Any tool that monitors your experiences will also serve as a guide and motivation for you to maintain or do more in trading. Through it, you could beat your own record.

^ But as I can see, it is just wasting of time.
Instead, you will focus on your trading analysis, you are spending time on your journal which is not necessary for me. However, if this will not bother your trading activity still the decision is yours because trading for me needs to focus on searching and analyzing more technical stuff which is very hard if you do have not enough time for this. So for me? the answer will probably depend on you don't waste your time but instead remembering all your mistakes and correct it in the future.

[Oshosondy]

^ But as I can see, it is just wasting of time.
Instead, you will focus on your trading analysis, you are spending time on your journal which is not necessary for me. However, if this will not bother your trading activity still the decision is yours because trading for me needs to focus on searching and analyzing more technical stuff which is very hard if you do have not enough time for this. So for me? the answer will probably depend on you don't waste your time but instead remembering all your mistakes and correct it in the future.

You must be a real trader and have experience about it. I have been trading for like 2 years now, I have never thought of trading journal before and this will be because I do not need it, it adds no value, it is not needed and not necessary towards achieving successful trading and profit making. I am still thinking what can be on trading journal but I got none to think about.

[xSkylarx]

What are your thoughts on having a trading journal to better your trading experience?

Trading journal could be useful especially if you plan to make trading a living. If you have trading journal it can increase the success probability of your trades, you can assess where or what you did wrong during your trades. You can try many strategies then analyze what works best for you. Having trading journal will help you remind to not repeat the same mistake again. But as you become successful in trading, try not to depend on it to see if you are really getting good at it.

[justdimin]

Other traders might find it helpful and others might find it devastating. Your mistakes that you wrote in your journal could help you to avoid the same mistake, which leads to growth because you're gonna find another way to correct it instead of doing it again. On the other perspective, looking at your mistakes in your journal might give you a certain impact like discouraging yourself to quit trading because you committed already a lot of mistakes and stopping trading is more wise.

This is basically the case for almost every single thing in the crypto world. There are things that make it easy, and there are things that make it hard. I believe that the best way to trade would be to use a trade journal, so that you could go back and check it, but some people could find it futile and not helpful at all and just checking trading history is all there is to know.

I literally write down the "reason" why I bought something and when I bought it and at what price, that way I know the way I think while buying it. That allows me to know the mindset, and change it, if it is wrong of course. You can't do that with a trading history chart, but I guess some people find it enough.