Trading Journal Part 2
Getting started with your own trading journal is actually quite simple. At its most basic, you could create a well-structured excel sheet.
Maintenance
Once you’ve configured your trading journal to meet your needs, it’s time to think about how to keep it up to date.
A well-maintained trading journal containing details – data, charts, and notes – of your trades can arm and empower a trader to increase his chances of success while lowering the risk quotient. Of course, getting the most out of the trading journal is dependent on how well and frequently it is reviewed, as well as some practical takeaways gleaned from it.
Here is an outline to help you keep your journal.
Trades done: Log in all trades with the stock name, time of transaction, entry and exit price, trade size, target and stop loss, and other relevant information.
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