What are some of the Key Benefits of Having a Trading Journal?
📙Keep a daily trading journal to keep track of the details of your trading experience. It helps put a focus on post-trade analysis.
📒Use a pen and paper. Your brain processes information differently this way, improving understanding and memory retention.
📙Keep track of the time of day you open and closed your position. Are you a better trader in the morning or later in the day?
📒Review your trading journal and see if you can identify your strengths and common mistakes. Reviewing your trading journal can help you avoid repeating mistakes
There are many benefits for you as a trader to keep a trading journal. Thank you to Jim Cagnina from NinjaTrader for sharing some of the key benefits of having a trading Journal.
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