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 01/04/2024
EUR/USD (6.30 am)
Analysis: The sell was inspired by our Weekly Market Analysis
EUR/USD Update (1.50pm)
Analysis: My stop loss at break even was triggered, before price hit target profit, so I closed this trade at breakeven
TUESDAY 02/04/2024
USD/CAD (1.30 pm)
Analysis: My reason for buying was the fact that USD/CAD bullish on the daily time frame.
USD/CAD Update (1.30 pm)
Analysis: Closed this trade with +14 pips
WEDNESDAY 03/04/2024
USD/JPY (9.35pm)
Analysis: The buy was inspired by our Thursday Market Analysis
USD/JPY Update: I closed this trade with -13 pips
THURSDAY 04/04/2024
GBP/JPY (10.07 am)
Analysis: The buy was inspired by our Thursday Market Analysis
GBP/JPY Update (5.55 pm): I manually closed this trade with +3 PIPS
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (01/04/2024) | EUR/USD | SELL | Breakeven |
TUES (02/04/2024) | USD/CAD | BUY | +14 pips |
WED (03/04/2024) | USD/JPY | BUY | – 13 pips |
THUS (04/04/2024) | GBP/JPY | BUY | +3 pips |
TOTAL | + 4 pips |
In conclusion:
I closed the week with about +0.4% profits. Not much, but considering the fact that I fell seriously ill on Tuesday, and I basically managed through a tough trading week, I commend my effort
That said…,
I missed out on the EUR/USD trade on Monday. A few minutes after I closed it as a breakeven trade (due to the high impact news, hours away), price ran to our target profit
Looking forward to this week
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