Record My Journey 2.0
Your trading journal is the KEY to your trading success!
Benefits of a trading journal to increase profits
When you start trading, the worst feeling is a trade going wrong and not knowing why. The question looms over you, and inevitably causes you to make worse decisions over time... until all your money's gone.
A Trading Journal is the core of any trader’s toolbox. It’s the place where you can identify:
- Your major weaknesses
- Your major strengths
- How well you are performing
- Where to focus to improve the amount of money you make on trades!
What is a trading Journal
In the simplest way possible, a trading journal is a place where you manage your trading portfolio and manage your self-control. Not only does it track your progress, but it also clearly identifies areas to improve your trading returns.
What does a good trading journal look like?
A good trading journal will have everything you need as a trader all in one place. This must include the following:
- A watchlist to keep track of all your trade ideas, and why you think they're even good ideas. Validate all your trades to eliminate the guessing game.
- A log of all your trades, and their individual return to calculate optimal position sizing through the Kelly criterion
- A performance dashboard with all the professional performance metrics to determine what part of you trading approach needs tweaking to increase your profits!
You'll be happy to know I've done all the hard work for you and uploaded the exact forex trading journal template file I use every week.
This spreadsheet is something I couldn't live without and is everything you will ever need to manage your trades and portfolio.
You can download it here! Grab you copy now!
The ultimate trading journal for forex traders!