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 27/11/2023
AUD/USD (10.35 pm)
Analysis: Our Weekly market analysis inspired the buy
TUESDAY 28/11/2023
AUD/USD Update (9.15 am)
Analysis: My trailing SL got hit and I closed the trade with -3 pips
CAD/JPY (9.32 pm)
Analysis: Our Wednesday market analysis inspired the sell
THURSDAY 30/11/2023
CAD/JPY Update (10.30am)
Analysis: I got off this trade with +50 pips, just before a reversal occurred.
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (27/11/2023) | AUD/USD | BUY | + 3 pips |
TUE (28/11/2023) | CAD/JPY | SELL | + 50 pips |
TOTAL | + 53 pips |
In conclusion:
This week, I depended more on my intuition to execute my trades, and it paid off
The AUD/USD trade could have yielded me substantial profits if my trailing SL was not taken out
The CAD/JPY trade could have hit my SL if I did not close it based on intuition
So, from this week’s activities, my opinion about sticking to my trading rules has been reinforced. Which is:
Short-term, you trading rules will make you lose some viable trades, but long-term, it will protect you from huge and avoidable losses, which is what counts
I closed my trading week with +0.7%
Trade activity summary for the month of November
1st TRADING WEEK |
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DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
WED (01/11/2023) | EUR/CHF | SELL | – 50 pips | |
TOTAL | – 50 pips | |||
2nd TRADING WEEK | ||||
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
MON (06/11/2023) | GBP/USD | SELL | + 47 pips | |
WED (08/11/2023) | USD/JPY | BUY | + 5 pips | |
GBP/CAD | BUY | – 76 pips | ||
THUS (09/11/2023) | AUD/JPY | SELL | + 5 pips | |
TOTAL | – 19 pips | |||
3rd TRADING WEEK |
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DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
MON (13/11/2023) | EUR/AUD | SELL | + 35 pips | |
WED (15/11/2023) | EUR/AUD | SELL | + 45 pips | |
THUS (06/11/2023) | GBP/CHF | SELL | + 5 pips | |
TOTAL | + 85 pips | |||
4th TRADING WEEK |
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DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
MON (20/11/2023) | EUR/CAD | BUY | + 48 pips | |
USD/JPY | SELL | +46 pips | ||
TUE (21/11/2023) | CAD/JPY | BUY | +28 pips | |
WED (22/11/2023) | AUD/JPY | BUY | +24 pips | |
TOTAL | +146 pips | |||
5th TRADING WEEK |
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DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
MON (27/11/2023) | AUD/USD | BUY | + 3 pips | |
TUE (28/11/2023) | CAD/JPY | SELL | + 50 pips | |
TOTAL | + 53 pips | |||
GRAND | TOTAL | + 215 pips |
In conclusion:
I was extremely cautious in the month of November. Also, fewer trades hit my target profit, as price was more of a nuisance this month.
My three good weeks basically struggled to fill up the drawdown of the previous 2 bad week, and this made me close with about +1.5% profits on my major accounts and about 2% profits on other minor accounts
How did the month of November go for you?
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