Trading journal: what is it and how to use it?Hey, robotics! Every experienced trader knows that a trading journal is not just a record of all trades, but also a powerful tool for analyzing your strategy, it allows you to track mistakes and progress, as well as identify strengths and weaknesses.How to use a trading journal? Record all your trades: date, time, position size, open and close price, etc.
Describe your thoughts and strategies that were used in each trade. This will allow you to understand what actions led to success or failure.
Analyze the results, paying attention to profitability, risk level and reaction speed.
Learn from your mistakes and draw conclusions. This will help you form a more successful strategy and avoid repeating past mistakes.
Use the journal as a tool to improve your productivity.
Sometimes traders add timeframes, chart screenshots, and whatever they think is important. The main thing is that the information is useful to you.
Hit and save
an effective template from our team.
Good luck and profits!
