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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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  • W Offline
    W Offline
    wildnorth
    wrote 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

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    • F Offline
      F Offline
      fadedlights
      wrote 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

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      • A Offline
        A Offline
        Arthur
        wrote 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

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        • D Offline
          D Offline
          Dean
          wrote 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 last edited by
            #5

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

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            • L Offline
              L Offline
              Leo
              wrote last edited by
              #6

              ok ill start one. keeping it to 5 fields

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              • T Offline
                T Offline
                Trevor
                wrote last edited by
                #7

                paper notebook or app? does it matter

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                • M Offline
                  M Offline
                  mattlive
                  wrote 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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