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  4. is keeping a trading journal actually worth the effort

is keeping a trading journal actually worth the effort

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journal
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  • W offline
    W offline
    wildnorth
    wrote on global:last-edited-by,
    #1

    everyone says journal your trades but honestly it feels like homework and i never keep it up. does it actually make a difference or is it one of those things people say but nobody really does

    test small first

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    • fadedlightsF offline
      fadedlightsF offline
      fadedlights
      wrote on global:last-edited-by,
      #2

      it was the single biggest jump in my results, no exaggeration. not because of the entries, because it showed me i lost 80% of my money on revenge trades after a loss, on fridays, oversized. i couldnt SEE that pattern until it was written down. the journal doesnt fix your strategy it exposes your behaviour

      mostly lurking

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      • ArthurA offline
        ArthurA offline
        Arthur
        wrote on global:last-edited-by,
        #3

        keep it stupid simple or you wont do it. date, pair, entry reason, exit reason, how you FELT, result. 5 fields. the 'felt' one is where the gold is. fancy 40-column spreadsheets are why people quit journaling in a week

        one trade at a time

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        • DeanD offline
          DeanD offline
          Dean
          wrote on global:last-edited-by,
          #4

          my journal just says 'lost again lol' 47 times. very insightful

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          • J offline
            J offline
            jeremyfox
            wrote on global:last-edited-by,
            #5

            started one last month and reading it back is BRUTAL šŸ˜… i had no idea how many trades i took out of boredom. cant unsee it now which is the point i guess

            show the losing trades too

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            • L offline
              L offline
              Leo
              wrote on global:last-edited-by,
              #6

              ok ill start one. keeping it to 5 fields

              still learning

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              • TrevorT offline
                TrevorT offline
                Trevor
                wrote on global:last-edited-by,
                #7

                paper notebook or app? does it matter

                journal it

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                • M offline
                  M offline
                  mattlive
                  wrote on global:last-edited-by,
                  #8

                  whichever you'll actually use. notebook is fine. the best journal is the one you keep, not the one with the nicest features. dont overthink the tool

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