I used to lurk around forums and look for the latest trading strategies. Instead, you must play to your strengths and prevent your weakness from jeopardizing your trading account. No one is a perfect trader, it doesn’t exist. Here’s why… A trading journal helps you identify your strength and weakness If you ask me, a trading journal is a deciding factor of whether you’ll be a consistently profitable trader - or loser. Your trading journal is like a “diary” that records your trading activity. Then let’s roll… What is a trading journal and why you need one Perhaps you don’t know what to write in it.īecause in this post, I will explain to you (step by step) on how to create a trading journal.Īnd by the end of it, you’ll have what it takes to find an edge in the markets so you can become a consistently profitable trader. Perhaps you don’t know the importance of it. Perhaps you don’t know how to create a trading journal. Most traders don’t have a trading journal or don’t even know what it is. A bodybuilder has a journal to track his diet, weight, and strength.Ī scientist has a journal to track their latest findings and the results of experiments.Ī chess master has a journal to record down his plays and his thought process of the game.
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