Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Jack Francisco

Do You Keep a Trading Journal ?

Recommended Posts

Keeping a trading journal is really important .. Every expert trader always keep a record about their trade ... like in a day how many trade they opened what was their result and why , how much was their winning and loosing ratio arc and they analyze those results in every week month ans year ...

 

if we also keep our trading journal then we can clearly see our improvements ans also our mistakes ... this is really essential for a trader ... are you keeping a trading journal ?:crap:

Share this post


Link to post
Share on other sites

Yes. Clearly a journal of some sort is a useful thing. However, for many people (at one time myself included- other than a trade log) I think it's difficult to motivate themselves to do so without a clear picture of what one should look like. It's not just about a trade log. It's about your interaction with the market and the degree of success you then achieve. Another reason someone might not journal is due to a lack of success. I know this seems counter intuitive, but I've seen it in traders before. They know they've done badly or are doing badly so don't want to face the pain of reliving poor performance. My advice to those who are in that place is that it really isn't that bad and more than anything it's confidence building so long as you are objective assessing things after trading and in a non-emotional state. :2c:

Share this post


Link to post
Share on other sites

There are no reasons not to write a trading plan and to keep a trading journal, only excuses. I can't tell you how many times in the last two months I have read "you have to treat trading like a business" and yet clearly 99% of the people trying to make it in the trading business have no clue as to it means to compose, budget, and execute a business plan.

 

The first post of DbPhoenix's Trading Journal/Trading Log thread is a great staring point for someone who truly wants to try to treat his trading as a business and not a video game or a trip to Vegas.

 

There is also a good article or two at Linda Raschke's website on business planning.

 

I use TC2000 for my charting, and in the older archived Worden Reports that come out nightly, you can find scattered throughout examples of trading/business plans submitted by other stock traders.

 

There is no reason not to compose a trading plan, a business plan, and to keep a daily or weekly log of your progress and problems in executing your plan, only excuses.

 

I hate to sound like some sort of self-help guru, but success is not an accident, except in very rare cases. Success is the result of planning and the discipline and desire to execute your plan, and the ability to recognize mistakes and to revise and alter your course when necessary. Hard work does not lead to success. Focused and planned work yields success.

Share this post


Link to post
Share on other sites
....I hate to sound like some sort of self-help guru, but success is not an accident, except in very rare cases. Success is the result of planning and the discipline and desire to execute your plan, and the ability to recognize mistakes and to revise and alter your course when necessary. Hard work does not lead to success. Focused and planned work yields success.

 

Visualizing the trades we take help us imporove our performance for sure..even if we are wrong, we can see how it ended..maybe we put stop-loss in a wrong place, or completely messed up the direction...we can also see which instruments/time frames were more beneficial etc...analyze your statistical information as well..

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.