What is Trading Journal?
A trading journal is a detailed record of every trade you take, including the reasoning, entry and exit prices, emotions, and outcomes, used to identify patterns and improve performance.
Trading Journal Explained
A trading journal is your most powerful learning tool. By recording not just the numbers but your emotional state and decision-making process for each trade, you can identify recurring mistakes, track improvement, and build self-awareness. Studies show traders who journal consistently outperform those who don't by a significant margin. The key is reviewing it regularly, not just recording trades.
Real-World Example
After each trade, you log: ticker, entry/exit prices, position size, why you entered, what you felt, what the market was doing, and a screenshot of the chart. Weekly review reveals you consistently lose money on trades entered after 2 PM — a pattern you can now eliminate.
Related Terms
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