My reason for keeping a journal is to encourage traders to also keep one for two major reasons:
- Track weekly trading performance.
- have enough data, in order to be able to work on their trading technique and psychology
Both can only be done when you keep a comprehensive journal, and review it every week.
MONDAY (17/04/2023)
GBP/CAD (2 pm)
Analysis: The 2 weeks old trade finally hit the trailing SL with +58 pips
CHF/JPY (9.50 pm)
Analysis: My reason for selling CHF/JPY can be seen on our Tuesday market analysis
SATURSDAY (22/04/2023)
CHF/JPY Update
Analysis: The only decent setup I invested in on CHF/JPY just refused to materialize this week. I will be holding it into next week to see how it plays out.
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (17/04/2023) | GBP/CAD | SELL | + 58 pips |
CHF/JPY | SELL | Pending (-71 pips) | |
TOTAL | + 58 PIPS |
In conclusion:
Another uneventful week for me this week. Ranging markets and poor RR made me stay off the market.
My trailing SL rules paid off on the GBP/CAD trade. If I had not taken the +58 pips off the table, I would have closed the week with 2 bad pending trades.
It was another profitable week for us, looking forward to next week, how did yours go?
NOTE:
-
THE FUNDED TRADER: https://dashboard.thefundedtraderprogram.com/purchasechallenge-n/?sl=3322 (use the coupon code: THE0CRAFTER)
-
MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
- BESPOKE FUNDING PROGRAMME: https://www.bespokefundingprogram.com/The_Crafter?ref=The_Crafter