A journal only helps if you can read it. Keep each entry short and the same shape every time.
Record these seven things
- Market and direction
- The reason for the trade, in one sentence
- Where you are proven wrong (the stop) and the rupee risk
- The result in R (the result divided by the amount risked)
- How you felt before and after
- One mistake or one thing done well
- A tag, such as 'chased' or 'followed plan'
The weekly review
Once a week, count your tags. Most people find one or two habits account for most of their setbacks. Fix those before touching the method.
Educational content only. It is not investment advice or a recommendation, and trading carries a high risk of loss. Figures are illustrative.
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