Having a journal of my trades has helped me become a profitable trader.

[laubeaud]

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?

[Oshosondy]

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.

Trading journal is like not useful for me. Strategies and other trading plans are learned easily. Also if you make a mistake from trading, you can easily know what to avoid next time and you will not forget. Trading is real and not theory that you need any journal for. When I see some some people post about this on this forum or anywhere, I see them like they have just start to learn about trading and posting about what they read about trading. If you have become experienced in trading, you will see how trading journal is useless.

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

No.

[Barikui1]

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 actually true that keeping record of your victories and failures in trading is very helpful no doubt, because it mostly helps you to know why you won a particular trade and why you lost a trade, but it not that easy to stay discipline and committed to it, but even though you are quite discipline enough to keep to it, it is not the most important thing in trading, it's the secondary aspect of trading, because in trading, the most important thing is,  you must have are knowledge on technical and fundamental analysis, patience, knowing how to manage your risk properly, not over leveraging, don't over trade etc, these are few skills in trading that are very much important and they came first in the scale of preference in other to be successful in trading.

But as for the question you as, if am keeping records of the trade I took, no, I don't, because I don't think it's necessary, what I mostly do in trading is that, I always wait for a particular set up, if their is no opportunity as the set-up am waiting for, I will choose not to engage, until I have seen what am looking for, because I hardly loss a trade with such particular set-up, so that's what I usually do.

[TheUltraElite]

Just waiting for the OP to insert their shilling exchange in the opening post.

I never used any journal to track my trades but I have used excel sheets to keep profit and and loss sheets. Nowadays the exchanges do this for you and you can download the file by just giving them instructions. Same thing is available for many other markets.

I think their main use is to track the P/L and not how much one strategy works or does not work, because at the end of the day it is just buy low sell high.

[slaman29]

@TheUltraElite lol this is the life of forum now. We expect the worse.

But for me journaling is way more than just history of trades. That's non-negotiable. If you don't keep it, you're not trading. Ever wondered why there are literally no threads on forum that record trades long term? Cause very few people actually trading.

Journaling is part of the discipline I keep saying traders lack. They focus on so much TA and skill building but forget that actually trying to learn your lessons by understanding the most difficult part (emotions, discipline) is what everyone forgets.

I was very bad at journaling too but I did try to keep weekly summaries. Start there, and just add notes to each day, each week, why you did this, how you felt, and some of the general news around it. I think if you just even take 30 seconds to type one line to summarise your feelings at the end of the trade record, you're gold.

[wxa7115]

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?

Without a doubt it is a very useful tool, however it is important to keep track of all the information that you can, so not only you need to write down the price at which you bought and you sold.

Write down as well your reasoning for opening your position and the reason that made you close it, add the image of the chart at both of those times and then one image which shows what the market did afterwards, this way you will be able to revise your trades with the most detail possible, and you will learn the most from both your wins and losses.

[Apocollapse]

Since you've record all of your trading history and now you have found the strategy that works, tell your strategy here. If your strategy doesn't work for other people, it means you're a liar.

I think their main use is to track the P/L and not how much one strategy works or does not work, because at the end of the day it is just buy low sell high.

Journaling is useless, similar like budgeting.

As long as you always make more money and you control your lifestyle, you will always in profit, without need to wasting your time to track every your activities and follow so called budgeting strategy.

[armanda90]

Actually journal trading not fully helpful but how do you manage with trading and be smart for money management is the way help us become profitable trader in cryptocurrency trading. Journal trading only give us result with trading from how much profitable earn until loss in daily day without giving us technical keep effective using for trading in cryptocurrency.
But with journal trading you can minimize how much loss and get better for next time or tomorrow for trading after learning from your mistake yesterday.

I don't have journal trading and get simple way in trading keep manage well capital not all in for one moment only, take opportunity left few percent of my capital to anticipation when another big crash of market to buy back and sell it later with several difference price depend on my target how far price recovery.

[EarnOnVictor]

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

The truth is that I do not keep such a journal, but in my trading experience, keeping a trading journal is good. This will help the traders to take the inventories of their trading mistakes and also point to their trading strengths and weaknesses so that the trader can make the correction and work more on the strengths to improve it and avoid the weaknesses. This is collective way to evaluate the trading performance of that trader, so it has no disadvantage.

But in my training time, I may not have such a quality book but I can assure you that in my brain, I store all those functions and continue to improve in myself. For this, I can say that a trading journal is not necessary if you can handle it yourself, but it's an external book that will help our forgetfulness as humans.

[arwin100]

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?

If that's what can help you to do better trades then be it but actually not a lot of people doing that since its time consuming for other people. There are lots of ways to track our losses or past mistake made on trading and provably that people create strategies base on what they encounter on their past trades.

But its not really the main thing in trading, But if you have time to write then provably that its help and also maybe you can share your experience by help of your journal to other people near you then maybe they can learn something from it.

But also try to consider in future that instead of you waste your time writing much better if you spend it on further more research about other strategies to use or more helpful information that can enhance more your skills in trading.

[Dr.Bitcoin_Strange]

Well, I believe that what works for Mr. A might not necessarily work for Mr. B because they are both different people. I have been trading for three years plus now, and I don't have a trading journal, yet my trading strategies have always generated profit for me. One thing about trading is that if you are so observant of every step you take and all your working strategies, I don't think you will need a journal. Sometimes too, it's a newbie that might actually need the journal, but once you have become a professional trader, you don't need it. 

[Natalim]

I come to understand that having a trading journal is quite important but I don’t find it really necessary when trading. As long as you know your goals well and you have certain roadmap and strategies to use, then you can trade successfully even without using a trading journal.

However, the only good thing about keeping a trading journal is that you can easily track your progress by looking back at your previous trading activities, and improve those performances that you think you are quite weak and not really good enough. Experience is still a big factor, the wider your experience as a trader, the better trader you’ll become.

[Jegileman]

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 have never had one but I hear a lot of good things about having a trading journal and the many advantages it can bring to your trading game. Trading journals gives you an overview of your trading journey, the profits and the losses that you must have accumulated in the process of learning how to trade. I also saw the importance of trading that most mentors always ask for if they want another mentor to help tutor their students that might have registered for mentorship and don’t have a lot of resources to take it on themselves only. Trading journal is good, but not having one doesn’t make you look like an unserious trader as long as you know what is good for you and you’re working towards achieving that.

[AYOBA]

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.

This is my first time i had about the journal trading because even the normal trading is not that I having interesting on it before talkless of talking about the journal trading, but for me I will never advice anyone to jump into the journal trading rather how only advice to manage the normal trading,  why I say you should manage is that is because is also deserve a lot of knowledge.

However, to be honest the trading has helped a lot of people's to become what they didn't expect, because some now becoming a professional traders when having a journal traders.

[Dzwaafu11]

This is my first time i had about the journal trading because even the normal trading is not that I having interesting on it before talkless of talking about the journal trading, but for me I will never advice anyone to jump into the journal trading rather how only advice to manage the normal trading,  why I say you should manage is that is because is also deserve a lot of knowledge.

However, to be honest the trading has helped a lot of people to become what they didn't expect, because some now becoming a professional traders when having a journal traders.

I don't know much about journal trading, but I think what it means is that keeping a record of your trading means writing down your trades, which can be helpful for traders because it helps the trader to realize their past mistakes and motivation to do more in their trading, although I know that many traders are not used to it, and that is why it is not popular.

But again, another thing is that as traders who know how the trading market works perfectly and have the knowledge of trading don't need the journal. As long as you know what you are doing, then a journal is necessary.

[Questat]

Since you've record all of your trading history and now you have found the strategy that works, tell your strategy here. If your strategy doesn't work for other people, it means you're a liar.

I think their main use is to track the P/L and not how much one strategy works or does not work, because at the end of the day it is just buy low sell high.

Journaling is useless, similar like budgeting.

As long as you always make more money and you control your lifestyle, you will always in profit, without need to wasting your time to track every your activities and follow so called budgeting strategy.

Well, some will make it successful with trading even without journaling, and that's true. They already recorded it in their minds what's there to improve or what to avoid the next time they trade so that the success will be consistent.  However, while journaling may not work for you, but it could be very essential to others. So traders have different points of view when it comes keeping journal in trading.

[Stepstowealth]

There have been many traders who can attest to the benefits that a trading journal has.

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

For someone who is not good at keeping records or journals, they will have struggles with trying to keep up journals of their trade if they take up trading. Keeping a journal can help a trader learn from their mistake, but if as an individual, you are good at learning from your mistake, and you always try to learn from your mistake when you loose from trading, a journal may not be necessary.

[Mr. Magkaisa]

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?

         -      Making a journal is not always profitable because the technical analysis we do in trading is not accurate most of the time. As long as I'm the only one I follow, whatever direction I see using only one indicator, I just stick to that.

So at least we can see if the strategy we are using to get profit from trading is correct. That is also what happens with the trading signal when we perform it in our trading activity.

[justdimin]

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?

While it's good, remember to make all of the mistakes noted down and the reasons behind it as well. If you do not realize what you do is wrong and why it's wrong, then you are not going to end up doing anything that we can do, it's just not going to work at all. I personally believe that we are going to make some profit if we know our mistakes because we won't repeat them.

If you can't just take a look at your own stuff and see the mistake, then that means you haven't studied it long enough, and that's an issue and you should not do it. I believe that you should stop trading at that point and start learning more about your mistakes, until you can see your mistake and be aware of what's going to be the issue, if you are good enough to see that, then you are fine.

[Peanutswar]

Even me i have my own trading journal this serve as logs of my activity in my daily trades how many are my gains, and losses so I can make an identification what are the thing I've been made through out that day so I can analyze with my future trades and also this act as your portfolio at the same time because you can monitor the percentage of the wins so you can make change if there's any or you will stick with the basic strategy you have right now.