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 03/06/2024
NZD/JPY (12.45 pm)
Analysis: My reason for buying was based on my bias from our Weekly Market Analysis
NZD/JPY Update (1.50 pm)
Closed manually with +3 pips
TUESDAY 04/06/2024
NZD/USD (1.45 pm)
Analysis: My reason for buying was based on my bias from our Weekly Market Analysis
NZD/USD Update (4.19 pm)
Closed manually with +4 pips
WEDNESDAY 05/06/2024
NZD/USD (9.07 am)
Analysis: My reason for buying was based on my bias from our Weekly Market Analysis
NZD/USD Update (2.50 pm)
I suffered slippage on this trade because I left it through the news (I broke my rule), and I got punished
Trade closed with -24 pips instead of -16 pips
THURSDAY 06/06/2024
USD/JPY (6.20 am)
Analysis: A massive bounce of on a key support zone, on the daily time frame and a break above a key resistance zone prompted the buy
USD/JPY Update (6.20 am)
Closed manually at +34 pips due to unemployment claims scheduled late in the day, and gave it a rest for the rest of the week
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (03/06/2024) | NZD/JPY | BUY | +3 pips |
TUE (04/06/2024) | NZD/USD | BUY | +4 pips |
WED (05/06/2024) | NZD/USD | BUY | -24 pips |
THUS (05/06/2024) | USD/JPY | BUY | +34 pips |
TOTAL | +17 pips |
In Conclusion:
Last week I closed with pips been in positive, but I lost -0.4% of my account because I broke a golden rule.
The golden rule was holding a trade during Wednesday’s PMI news on the USD. I suffered slippage on the NZD/USD trade. If I had exited the trade an hour before the news, I could have closed the trade at breakeven.
Other than that, I executed my trades like a champ last week.
I am looking forward to the week ahead. How did your trading week go?
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