5th Trading Week (29th – 31st) of January, 2024 trade journal)

My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:

1. Track your weekly trading performance.
2. 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 29/01/2024

EUR/CHF (7.30am)

Analysis: Inspiration to sell EUR/CHF came from our Weekly Market Analysis

EUR/CHF Update (10.45am)

Analysis: Trailing SL got hit at +30 pips

TUESDAY 30/01/2024

GBP/JPY (7.30am)

Analysis: My reason for selling is break of key support zone

GBP/JPY Update (11am – High Risk Account)

Analysis: While my trailing SL was taken out by price at +4 pips, my high risk account (one of my accounts) was stopped out +67 pips

Trade activity summary for the week

In conclusion:

Just before January closed, I took a big gamble on the GBP/JPY, and it paid off. I closed with about +3.2% profits on one of my accounts, but closed with about +0.9% on my conservative accounts

Trade activity summary for the month of January

In conclusion:

For the month of January, I closed one of my accounts which I traded Gold with -1.3%

One of my high risk account is up 4%

While the other accounts were closed for the month of January at breakeven.

Two thing I did thoroughly well in the month of January was:

• My risk management game was tight, hence I closed most of my accounts at breakeven despite the rough market
• The high risk account is almost done with phase (I rarely traded this account this month) 

One thing I messed up was:

• The Gold trade I took was unnecessary. If I had not taken it, I would have closed January in profits on all my account

This month again proves the fact that the amount of pips a trader makes, is not a direct reflection of how profitable he/she is. This is below par for me as regarding performance.

Hopefully the month of February will be a whole lot better

How did the month of January go for you?

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