Trading Journal

A traders database, details each trades analysis, entry conditions, performance, and reflections; A source of truth for determining what works and what doesn't.

Why it matters

A great trade journal makes improving performance exponentially easier. It houses the data you need to make informed adjustments to your strategy: Recurring pitfalls, setups where you excel, and opportunities you missed... all in one place waiting to be processed into your strategy.

How to maintain an effective trading journal

1. Record every trade - Keep a comprehensive record of each trade. The more data you have, the more likely you are to find patterns you may have otherwise missed.
2. Review regularly - Frequently review your recent wins and losses to see if there are any prevalent patterns. Periodical review your history as a whole to get an accurate picture of your performance. The larger your dataset, the more accurate of a picture it will paint. Be weary of overanalyzing a small trade journal.