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📓 The Power of Trading Journals — And Why Most Traders Ignore It

If you can track it, you can improve it.

Tim avatar
Written by Tim
Updated over 6 months ago

You’re already placing real trades, managing risk, and analyzing charts. But here’s something intermediate traders often overlook: keeping a trading journal.

It’s not just about writing down your trades. It’s about understanding your habits, patterns, and mistakes—so you can get better, faster.


🧠 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.


💡 Why It’s a Game-Changer

  1. Spot Patterns
    You’ll start to notice which setups work best for you.

  2. Cut Bad Habits
    Are you moving your stop loss? Overtrading? Your journal won’t lie.

  3. Build Confidence
    Nothing boosts confidence like seeing consistent setups that have worked in the past.


🛠️ What to Include in Your Journal

Here’s 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


🔁 Final Tip: Keep It Simple, Keep It Consistent

You don’t need to write a novel after every trade. But if you journal regularly—even with a few bullet points—you’ll develop insights no indicator can offer.

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