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 25/03/2024
NZD/USD (7.30 am)
Analysis: I sold NU based on our Weekly Market Analysis
Update: I closed the NU trade with -19 pips (SL hit)
THUSDAY 28/03/2024
NZD/USD (7.43 pm)
Analysis: I sold NU based on our Friday Market Analysis
Update: I closed NU at breakeven
AUD/JPY (7.43 pm)
Analysis: I sold AJ based on our Friday Market Analysis
Update: I closed AJ with -15 pips (SL hit) … During the Asian session there was a sharp whipsaw that took out my SL, despite the fact that there was no news event
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| MON (25/03/2024) | NZD/USD | SELL | – 19 pips |
| THUS (08/03/2024) | NZD/USD | SELL | Breakeven |
| AUD/JPY | SELL | – 15 pips | |
| TOTAL | – 34 Pips |
In conclusion:
This week was an annoying week for two major reasons
1. The NU trade gave me an opportunity to exit at breakeven or with less than – 0.15% loss, but I never followed that rule
2. I missed out on my EUR/USD trade (sell) which was caused by my neighbor distracting me
The EU missed trade would have allowed me to not just recoup my losses, but closed the week with another +4% to +8% profits.
Since I started trading on the 15 mins time frame, I have noticed that 1 min distraction can spell doom for a trader.
I closed the week with -1.5 to -2.2% loss
Trade activity summary for the month of March
| 1st TRADING WEEK |
|
|||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| MON (04/03/2024) | NZD/JPY | BUY | +6 pips | |
| NZD/USD | BUY | – 8 pips | ||
| USD/JPY | BUY | Breakeven | ||
| TUE (05/03/2024) | EUR/CHF | BUY | Pending | |
| GBP/JPY | BUY | -32 pips | ||
| WED (06/03/2024) | GBP/USD | BUY | +10 pips | |
| EUR/JPY | SELL | Breakeven | ||
| EUR/CHF | BUY | – 12 pips | ||
| FRI (08/03/2024) | EUR/JPY | SELL | Breakeven | |
| TOTAL | – 36 PIPS | |||
| 2nd TRADING 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 (15/03/2024) | EUR/CHF | BUY | Pending | |
| TOTAL | – 69 Pips | |||
| 3rd TRADING WEEK | ||||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| MON (18/03/2024) | GBP/USD | SELL | + $156.00 | |
| TUE (19/03/2024) | EUR/JPY | BUY | + $249.00 | |
| WED (20/03/2024) | AUD/USD | SELL | + $548.00 | |
| THUS (21/03/2024) | GBP/JPY | BUY | + $319.00 | |
| TOTAL | +1,262.00 | |||
| 4th TRADING WEEK | ||||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| MON (25/03/2024) | NZD/USD | SELL | – 19 pips | |
| THUS (08/03/2024) | NZD/USD | SELL | Breakeven | |
| AUD/JPY | SELL | – 15 pips | ||
| TOTAL | – 34 Pips | |||
| GRAND | TOTAL | – 2% |
1st QUARTER RESULTS
| JANUARY | % MADE/LOST |
| +2.5% | |
| FEBRUARY | PIPS MADE/LOST |
| + 7% | |
| MARCH | PIPS MADE/LOST |
| – 2% | |
| Q1 GRAND TOTAL | +7.5 % |
In conclusion:
The last week in the month of March ruined my results, but overall, my first quarter is decent
In the new month I would need to step up my game, especially in the department of executing my new intraday strategy. I noticed I am more aggressive than conservative when taking trades, and this could be a problem when the market does not go my way
I am looking forward to the month of April….
How did your 1st quarter go?
NOTE:
- BESPOKE FUNDING PROGRAMME
- FUNDED ENGINEER
- BLUE GUARDIAN (Use the coupon code: CRAFTER)
- GOAT FUNDED
- LARK FUNDING
- SKILLED FUNDED TRADER
- MAVEN TRADING
- MY FLASH FUNDING (Use the coupon code: “FILLIPO” for a -25% discount)
- THE5ERS
