Lesson D2 · Part D: Survival10 of 105 min
The trading journal
The cheapest edge in trading: write down every decision and review it honestly.
§1What to record
For every trade: the pair, the reason for entry, entry, stop, target, size, the outcome, and how you felt. Screenshots of the chart before and after are invaluable.
§2Reviewing it
Once a week, read back through the journal. Look for patterns: times of day you trade badly, setups that never work, rules you break after a loss.
Most improvement comes from removing mistakes, not from finding a magic new indicator.
remember this:
- Log every trade, including the reasoning and your state of mind.
- Review weekly and look for repeated mistakes.
- Cutting bad habits beats adding new indicators.
Checkpoint
Q1.What is the main purpose of a trading journal?