After many years of experience behind us, we set out to bring to the general public a simplistic but very effective way of analyzing transactions. Like everyone, at the beginning I was looking for new complicated things, but I understood that simplicity makes the difference. No matter what strategy you use, try to simplify the way of learning. I tried different approaches and that’s how I ended up developing this journal to help other traders. The system based on which the journal is designed is tested and recommended by the great majority of professional traders, only that until now no one has thought of making available to the public a tool that would help them in this sense. This is the first product in a series of tools that we are preparing for the general public.
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This includes the date and time of each trade, the asset traded, the entry price, and the direction (buy/sell)
Similarly, the date and time of exit, exit price, and reason for closing the trade (stop-loss hit, profit target reached, etc.).
Record the size of each position in terms of lots or shares, as well as the percentage of your trading capital at risk in each trade.
Note the specific trading strategy employed for each trade, whether it's based on technical analysis, fundamental analysis, or a combination of both.
Describe the prevailing market conditions at the time of each trade, such as volatility levels, major news events, or economic data releases.
Keep track of your emotional state before, during, and after each trade. This can help you identify patterns of behavior that may affect your trading performance.
Record whether each trade was a win, loss, or breakeven. Include details such as the profit or loss in monetary terms, as well as the percentage return on investment.
Reflect on each trade's performance and analyze what went right or wrong. Identify any mistakes made and consider what adjustments can be made to improve future trades.
Document any valuable lessons learned from each trade, whether it's related to strategy execution, risk management, or market dynamics.
Provide additional comments or notes about each trade, such as any insights gained, adjustments made to the trading plan, or potential areas for improvement.
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