And so again we have come to that question – is there any reason for us to actually keep the trading journal?
Well, all I can say is that I will answer YES and YES until the day that you stop doubting it and start leading your own trading journal.
And the first reason of why you should have a trading journal. Is of course the fact that all of the pros have them. Think about it. All of the rich and powerful and know-it-all in the business of trading keep a journal. I feel like I am in the fourth grade again. Everyone had a journal.
- Keeping track of yourself and your financial situation;
- Keeping progress of the goals you’ve set in your trading plan;
- Understanding your weaknesses and strengths as well as your ability to perform under pressure;
- Providing a way to self-train and improve.