Monitoring price changes using charts is one way to stay updated on the market trends. However, technical or fundamental analyses and tracking other market metrics are not the only means of becoming a successful trader. For example, a disciplined approach that includes maintaining a trading journal would protect you from making emotional decisions concerning your financial investments.
In this article, we will discuss the benefits of a trading journal and how to create and use it.
Instrument
Date and time
Trade direction (long/short)
Entry price, exit price and stop loss
Trade size
Profit and loss
Notes
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