I want to ask the traders in the house, how serious do you take the journaling process of your trades and has it help you do better? Then I also want to ask, do you believe that journaling your trading progress can actually help a trader to improve?.
Not only trading, but anything that a person does which they are doing to make money and are very serious about it, they should always make notes about the process and what they are doing, and then keep updating those notes with the results. This is a great way to see the progress after you look at the history of how you have been doing things, it also helps you find what you did that you shouldn't have done so that you can keep that in mind. This absolutely allows a trader to actually improve over time if they know the right pattern to note everything down. You should journal things in a way that you should be able to understand everything properly when you look at it at a later time.
I'm not doing trading these days for personal reasons, but when I used to do trading, I used to do the same thing. I would use Google Docs to write down everything that I would do with my capital. If I'm doing a future trade, I would write down the amount I'm using, the coin I'm trading, my leverage size, my take profit and stop-loss limits, and then the overall balance before making the trade, and the balance after the trade is closed, and also write how the trade was closed, whether the stop-loss got hit, Take-profit got triggered, or I closed it myself. And, it used to be extremely helpful.
