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.
WEDNESDAY 01/05/2024
AUD/JPY (2:51 pm)
Analysis: Rejection on the higher time frame and multiple rejections and a breakout encouraged the sell of AUD/JPY
AUD/JPY Update (7:44 pm)
Trade hit SL, and I closed with -26 pips
THURSDAY 02/05/2024
EUR/JPY (6.31 am)
Analysis: This sell trade was inspired by a rejection on the daily time frame
EUR/JPY Update (8:51 am)
I manually closed with +23 pips (Trailing SL)
EUR/JPY Re-entry (9:33 am)
Analysis: A little over 30 mins after I closed my first trade, I noticed a bearish breakout on the EUR/JPY, so I joined the sellers
EUR/JPY Update (12.37 pm)
I manually closed with +76 pips (Trailing SL)
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| WED (01/05/2024) | AUD/JPY | SELL | -26 pips |
| THUS (02/05/2024) | EUR/JPY | SELL | +23 pips |
| EUR/JPY | SELL | +76 pips | |
| TOTAL | + 73 pips |
In conclusion:
This week proper risk management kept me at breakeven. Closing with a high positive pip value but having a -0.05% loss, speaks how much I value risk management.
My reason for the risk management was because the trades I took were not A+ setups, and I was also on the negative with my first trade of the month (AUD/JPY)
Overall it was a poor performance, but discipline-wise I would rate myself 100%.
Looking forward to a better week
How did yours 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
