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 29/07/2024
GBP/USD (3:45 pm)
Analysis: This is one of the few times I took a high risk trade with a low returns, but high probability, but it did not end well
GBP/USD Update (4 pm)
Closed manually with -19 pips
TUESDAY 30/07/2024
NZD/USD (3:15 am)
Analysis: A break below key support zone encouraged the sell
NZD/USD Update (3:48 am)
SL hit (-11 pips)
USD/CAD (9.00 am)
Analysis: Bounce on key support zone
USD/CAD Update (9.30pm)
SL hit (-11 pips)
USD/CAD Update (12.45 pm)
Analysis: Break of structure
USD/CAD Update (1.32pm)
Manually closed with +4 pips
WEDNESDAY 31/07/2024
EUR/JPY (8.45 pm)
Analysis: A break below key support zone
THURSDAY 01/08/2024
EUR/JPY Update (6.15 am)
This trade would have been a huge win for me, but I slept off during the Asian session and when I woke up, I saw price was about 10 pips away from my TP before a reversal occurred, so I closed at breakeven.
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (29/07/2024) | GBP/USD | SELL | -19 Pips |
TUE (30/07/2024) | NZD/USD | SELL | -11 Pips |
USD/CAD | BUY | -11 Pips | |
USD/CAD | BUY | +4 Pips | |
WED (01/07/2024) | EUR/JPY | SELL | Breakeven |
TOTAL | -37 Pips |
In Conclusion:
I got very greedy on the last few days of July and lost – 2.7% of my capital.
Also I missed out on closing my EJ with decent profits because the previous night, I did not go to bed early due to a space I attended on X. This shifted my bed time from 8-9 pm to almost 11.45 pm. This ruined my EJ trade
I closed the month of July with -0.5%, not necessarily due to bad market conditions, but due to my negligence, and it all happened in the last few days of July
Looking forward to a better month of August
NOTE:
Our telegram group: https://t.me/+UujC4KoBe1AN0fnK
-
AXE TRADER: (Use the coupon code: THECRAFTER for a -20% discount)
- BLUE GUARDIAN (Use the coupon code: CRAFTER)
- GOAT FUNDED
- LARK FUNDING
- MAVEN TRADING
- THE5ERS
- ALPHA CAPITAL GROUP (Use coupon code CRAFT3R for -15% discount)