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.
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.