All successful investors/traders keep a trading diary. It’s used to record trading activity such as: what was done wrong, right and why. Was a plan or a discipline followed? If not, why not? What changes were made if any? The more details the better because investors can review the records and make adjustments where necessary. The value of the trading diary is the record of previous trading activity; what was done to correct any errors; why you were successful; and what you learned. The bottom line is, your trading diary should make you a better trader because you record and learn from mistakes so they are not repeated. Everyone makes mistakes. The key is to not make the same mistake. Use your trading diary to improve & profit.
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