Tips For Keeping a Trading Journal
A trading journal is an effective way of keeping a track of the trades as well as the thoughts of the traders. With the help of trading journals, you can see past the brokerage statement as it is a comprehensive journal and a tool that includes the market conditions and the mistakes that you might have made while you were distracted. You can also keep a record of any mistakes that you might have made along with various strategies that come to your mind as you trade.
While keeping a trading journal is effective and beneficial, there is not enough time for traders to write and make records of all the things throughout the day as it can hinder the production process and can also lead to a lot of missed trades. Now the question is how to keep a trading journal without compromising on productivity. Now let’s have a look at how you can keep a journal without any handwriting, you can read more on this.
Instead of writing in detail in a journal you can make use of pictures. The simplest way to achieve that is by taking screenshots of the trading day and you can type in some notes that will help you in future. These notes can be about anything that went wrong, or mistakes that you made or any strategies that came to your mind.
You can also make charts as it is preferred by most traders, this helps them in determining the trends and find out the potential targets as well. The indicators in the chart show accurate and precise market conditions that are being traded. You can easily analyze and show the market perception through charts which words can never do in a handwritten journal.