A trader’s trading journal is where he or she keeps track of his or her transactions. Every trader keeps a business journal to keep track of their investments. Later, traders consult the journal to learn more about their areas for progress or mistakes. Every professional trader relies on a trading journal as it helps them to manage the trades more strategically. Let’s see some of the key applications of the trading journal.
Applications of journal
A trading log should be kept for a variety of reasons. Here are several examples:
- To identify flaws.
- The quantity of money you spend.
- Recognize Swing high, Swing in the low range.
- To enhance the approach.
- To develop intuition regarding market trends.
- To keep track of business consistency.
Create own trading journal