Having a journal of my trades has helped me become a profitable trader.

[laubeaud]

Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.

Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.

Do you keep a journal of your trades too, and has doing it helped you?

[Charles-Tim]

Do you keep a journal of your trades too, and has doing it helped you?

When it is not about school or learning about trading. If you are still a newbie in trading and you have a tutor, you can have a trading journal. But if you have learnt about trading and using demo yourself or trading already yourself, I do not see the point of having a trading journal.

[MrSpasybo]

Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.

Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.

Do you keep a journal of your trades too, and has doing it helped you?

I believe that a trading diary is a crucial component of a trading career because it allows us to learn from our own successes and failures. However, with the advancement of technology, there are numerous ways to create our own trading diaries.

Some people use Excel, others use Word, while I prefer using Telegram as it enables me to easily share my market perspectives at any time. Since I'm not a daily trader, I have fewer trades, and I mainly analyze the long-term market using my price patterns. This also helps me self-assess my analytical skills and optimize the indicators and tools that I've developed.

[Yamane_Keto]

It is useful for calculating taxes or when you are asked about the source of money, but you will not learn from studying what you have done. The brain already does that. All the experiences that are acquired are the result of your previous experiences that you have learned from. An expert trader is only an expert because he has been through similar situations to the market and knows exactly how to act.

[milewilda]

Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.

Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.

Do you keep a journal of your trades too, and has doing it helped you?

Having a journal or not, it would really be that a totally depending into someones preference because we do have our own ways on how we do handle up our trading strategies and other behaviors on which it could really vary on different options on which its a common approach as long it do benefits you then this what matter the most. In my case on which there are really situations on which i do tend to check out those past trades that i have done if ever i do find some similar condition or instances on which i do make up some trades.
It wont really be that all the time but its really that good that you have at lest some tracking on the things that you are dealing on with.

[Charles-Tim]

It is useful for calculating taxes or when you are asked about the source of money, but you will not learn from studying what you have done. The brain already does that. All the experiences that are acquired are the result of your previous experiences that you have learned from. An expert trader is only an expert because he has been through similar situations to the market and knows exactly how to act.

Exactly what I meant. Some people are not traders but posting about trading. Trading journal is not useful in trading to write down about your trading experience. But just like you said, you can use it for calculation. Like taxes and others. But I also see it not useful because all your trading history can be seen on the exchanges that you are using up to 2 years or more.

[Rruchi man]

Do you keep a journal of your trades too, and has doing it helped you?

Just keeping a journal gives no assurance that you will become a profitable trader later on in the future. If you keep a trading journal and still o not do the needful of trying to learn from your former mistakes as well as confirm the right moves you made, you will remain the trader you are without any reasonable or significant progress.

If you must keep a trading journal, you have top be ready to make sure to learn from it.

[NotATether]

I don't know, why don't you just digitalize your notes? Then you could find analyses much faster than if you had to manually find a pattern.

I don't know if there is any software out there that looks at your past trades and crunches the numbers to show you insights, but I'd be surprised if there wasn't any on the market.

[taufik123]

I don't know, why don't you just digitalize your notes? Then you could find analyses much faster than if you had to manually find a pattern.

I don't know if there is any software out there that looks at your past trades and crunches the numbers to show you insights, but I'd be surprised if there wasn't any on the market.

There must be and all past trading records will be visible if the exchange used is still operating and can download trading records while on the exchange.

And there are many applications that will record each trade automatically, such as portfolio applications that are synchronized with CEX or DEX trading applications, so it will be simpler and do not have to do it manually.

[Fivestar4everMVP]

Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.

Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.

Do you keep a journal of your trades too, and has doing it helped you?

You are probably right, I won't say that I keep a trading Jornal since for like 2 years or a little more now, I've paid more attention to just buying and hodling (investing) than I trade, but I still remember the days when I took trading very serious, I remember that sometimes, I can't do without writing down something about every trade I enter, mostly my entry price, this helped me monitor the market better and device a good price that is fair for me to exit that trade, and this actually helped me alot back in those day, though I won't call that a Journal because it was more of or like a rough sheet/note.

So, if ever I will take trading serious again some day, I definitely will make sure to keep a proper trading journal for sure.

[Yamane_Keto]

Another reason is that if you are very professional, it may benefit you to sell it as copy trading, but then you will be a professional in trading and it will not be difficult for you to make profits.

[TomPluz]

Do you keep a journal of your trades too, and has doing it helped you?

So sure that this is a very good idea and I am quite confident that good traders are actually adopting this method so they can easily review their success and failure while trading. I am just wondering...is there a very convenient way to record a trading journal where you don't have to manually enter everything, some sort of a digital record? I am not yet trading but I am so interested with this way of making money but there is a learning curve I have to undergo before I can risk my money. I am doing a training right now and hopefully this can be my path towards financial independence as I am getting older and wanted to retire while still doing trading on the side.

[Jating]

Do you keep a journal of your trades too, and has doing it helped you?

Yes, but it's not manual though, I mean we have a lot of tools at our disposal, even a simple notepad will do to put everything and so I wouldn't do this manually in a journal although there could be traders doing this as they could be old school. A good tool that I used is excel spreadsheet for my profit/loss in trade. And obviously when you have a journal, maybe you can see what strategies did work or what didn't work. And then you can adjust your strategy the next time, or stick to it. But I wouldn't be surprised if there are traders that don't keep a journal and everything is mental to them.

[|MINER|]

Trading journal is good but I think it's better to use your own intelligence. But if you are a newbie it's different. Because for newbies it's better to use trading journal.  But once you know trading thoroughly and gain knowledge about every step of trading then you will not need any trading journal.  Trading is very risky.  So it should always be done judiciously and if one feels that using a trading journal will benefit him and he can make a profit then he can but in my opinion it is best to use one's own intelligence in this matter.

[nakmantu99]

Trading journal is good but I think it's better to use your own intelligence. But if you are a newbie it's different. Because for newbies it's better to use trading journal.  But once you know trading thoroughly and gain knowledge about every step of trading then you will not need any trading journal.  Trading is very risky.  So it should always be done judiciously and if one feels that using a trading journal will benefit him and he can make a profit then he can but in my opinion it is best to use one's own intelligence in this matter.

for newbies they have to learn a lot including trading journals. but for those who have been trading for a long time, they have their own analysis and strategy and don't need a trading journal. I have been trading on binance for more than 7 years, I just look at the market conditions if the market is good enough to trade I will trade but if the market is not good, I will go on vacation with my family and forget about crypto for a while.