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Why You Need To Keep A Trading Journal

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  • Why You Need To Keep A Trading Journal

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    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

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  • #2
    Show me a company that doesn't keep records of EVERYTHING and I'll show you a company that is about to go out of business. You need very detailed records of your trading. From notes about each trade, market sentiment, profit and loss, and anything else you can think of that may be useful.

    Keeping a trading journal is what separates amateur traders from the pros.


    • #3
      I'd be lost without records of my past trades. You NEED to know how much ur making or losing. You need to know your weekly percentage gains and all that. Show me a trader who doesn't keep track of those things and I'll show you a trader who wont be around for long