Youâre already placing real trades, managing risk, and analyzing charts. But hereâs something intermediate traders often overlook: keeping a trading journal.
Itâs not just about writing down your trades. Itâs about understanding your habits, patterns, and mistakesâso you can get better, faster.
đ§ What Is a Trading Journal?
A trading journal is simply a place where you record:
The setup you saw
Why you entered
Where you placed SL/TP
How the trade ended
What you learned
It can be a notebook, spreadsheet, or even screenshots with notes.
đĄ Why Itâs a Game-Changer
Spot Patterns
Youâll start to notice which setups work best for you.Cut Bad Habits
Are you moving your stop loss? Overtrading? Your journal wonât lie.Build Confidence
Nothing boosts confidence like seeing consistent setups that have worked in the past.
đ ď¸ What to Include in Your Journal
Hereâs a simple format to get you started:
Entry | Details |
Date | June 26, 2025 |
Pair | EUR/USD |
Setup | Breakout from resistance |
Entry Price | 1.0850 |
SL / TP | SL: 1.0830 / TP: 1.0890 |
Result | +40 pips |
Notes | Good entry, follow-up trade possible |
đ Final Tip: Keep It Simple, Keep It Consistent
You donât need to write a novel after every trade. But if you journal regularlyâeven with a few bullet pointsâyouâll develop insights no indicator can offer.