My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:
- Track 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.
WEDNESDAY 01/11/2023
EUR/CHF (9.45 pm)
Analysis: Taking this trade because of our Thursday Market Analysis
FRIDAY 03/11/2023
EUR/CHF (9.45 pm)
Analysis: The imbecile obviously had other things in mind. I had to manually close the trade before the close of market with a -50 pips loss
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| WED (01/11/2023) | EUR/CHF | SELL | – 50 pips |
| TOTAL | – 50 pips |
In conclusion:
Upon close examination, I noticed that I messed up taking this trade because I forgot to consider a key component in my strategy.
I was more concerned with executing the setup (because it had the primary components of my A setup) rather than doing a proper analysis on it.
The loss was unnecessary and unforced. I call this a rooky mistake.
Anyway, there are four more weeks in the month of November, so the game has just begun.
How did your week go?
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