My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:
- Track your weekly trading performance.
- Build a better psychology, which will sharpen your trading intuition
Both can only be done when you keep a comprehensive journal, and review it every week.
MONDAY 11/03/2024
GBP/USD (8.08 am)
Analysis: Based on the 4hr breakout shared on our Weekly Market analysis, I was expecting a break outside the range on the 15 mins TF… Sadly price reversed all together on the lower time frames and this trade hit SL (-17 pips)
USD/CAD (10.25 am)
Analysis: Selling based on our Weekly Market analysis… USDCAD hit SL a couple of hours later (-29 pips)
GBP/USD (12.45 pm)
Analysis: Capitalizing on price bouncing off the 200 ma I bought… Price still hit my SL (-23 pips)
FRIDAY 15/03/2024
Analysis: This EUR/CHF trade was taken on Tuesday last week. It’s currently 12 pips up, and I am holding it into the second week
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (11/03/2024) | GBP/USD | BUY | – 17 pips |
USD/CAD | SELL | – 29 pips | |
GBP/USD | BUY | – 23 pips | |
FRI (08/03/2024) | EUR/CHF | BUY | Pending |
TOTAL | – 69 Pips |
In conclusion:
Last week was a streak last week for me. After having 3 bad trades in a row, I decided to stay off the market to reset my mind.
The one week old trade (EUR/CHF) closed in profits last week, but I decided to let it run into this week.
I lost almost -3% of my trading capital last week, and I am hoping this week closes in profits. How did yours go?
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