My reason for keeping a journal is to encourage traders to also keep one for two major reasons:
- Track weekly trading performance.
- have enough data, in order to be able to work on their trading technique and psychology
Both can only be done when you keep a comprehensive journal, and review it every week.
MONDAY 07/08/2023
USD/CAD (10.45 pm)
Analysis: This trade was inspired from our weekly market analysis
TUESDAY 08/08/2023
USD/CAD Update (10.45 pm)
Analysis: I closed trade manually with -101 pips loss
WEDNESDAY 09/08/2023
USD/CAD (10.45 pm)
Analysis: This setup was again inspired by our weekly market analysis. The market gave us very few setups we could actually capitalize on, so I was stuck with my weekly setups for the entire week
THURSDAY 10/08/2023
USD/CAD Update (12.25 pm)
Analysis: I closed the trade with +10 pips due to news events scheduled for 1.30 pm, and I was glad I did
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| MON (07/08/2023) | USD/CAD | SELL | – 101 pips |
| WED (09/08/2023) | USD/CAD | SELL | +10 pips |
| TOTAL | -91 pips |
In conclusion:
Swinging is extremely difficult these time of the month, so I have limited my trading activity.
My first USD/CAD trade was well taken, but USD/CAD obviously had other things in mind (lol). My second USD/CAD trade was also well executed but the high impact news scheduled for Thursday did not allow me hold the trade for long, so I exited with few pips
That said, I was glad I exited the trade when I did, because I would have closed the week holding a losing position.
Hopefully next week presents better trading opportunities, but again I am not expecting much due to the summer holidays, and low liquidity of the market.
It’s another losing week (-0.8%) for me, looking forward to next week.
How did your trading week go?
NOTE:
-
THE FUNDED TRADER: https://dashboard.thefundedtraderprogram.com/purchasechallenge-n/?sl=3322 (use the coupon code: THE0CRAFTER)
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MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
- BESPOKE FUNDING PROGRAMME: https://www.bespokefundingprogram.com/The_Crafter?ref=The_Crafter
