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 08/01/2024
USD/CAD (07.15 am)
Analysis: My reason for selling was inspired by our weekly market analysis
WEDNESDAY 10/01/2024
AUD/JPY (07.45 pm)
Analysis: My reason for buying was inspired by our Thursday market analysis
THURSDAY 11/01/2024
USD/CAD Update (4.30 am)
Analysis: I shifted my trailing SL to breakeven, and I was taken out by price
AUD/JPY Update (8.30 am)
Analysis: I applied my trailing SL, and got out of the trade with +16 pips
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| MON (08/01/2024) | USD/CAD | SELL | Breakeven |
| WED (10/01/2024) | AUD/JPY | BUY | +16 pips |
| TOTAL | +16 pips |
In conclusion:
The second week of January was extremely slow. The market barely moved until Thursday’s CPI news.
I am thankful I stuck to my trailing rules and biases, because if I had left my trades to run wild without trailing them, I would have been in trouble.
Closed the week with a +0.3 to +0.6% profits
How did your trading week go?
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