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  1. #1
    Super Moderator RoboForex Trader's Avatar
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    It’s been said that trader should have a journal, but not everybody understands for what purpose. Let’s go to Wikipedia and explore – what the journal is?

    «a daily record of events or business; a private journal is usually referred to as a diary»

    To progress in personal and professional growth, it’s very useful to have a personal journal (diary) because it structures our experience and allows to move forward. That’s why you’d better have your journal – you don’t need to have public journal, it can exist for your personal use. Journal whatever makes sense concerning your trading: trades, ideas, observations, notes. You can even write down what your mood is when you make a trade.

    Example: Some event occurred on the market and it has changed everything, but you don’t know what’s going on. Make a note. Later on, when you know the reasons, you may add a commentary that explains reasons of that event.
    There are investors that are careless about your account statements, they want to know who you are as a person and are you eligible for funding.

    Having a journal, novice trader also has one more benefit in future. He will be serious about his trading. It will lower influence of psychological issues on his performance.

    Also, it’s very useful to analyse your journal to know your mistakes. In future it would be easier to eliminate such mistakes if your know how they affect your trading.

    P.S. If somebody uses any services or software for journaling, share it. I use Evernote.

    Please preserve yourself from comments «Diary is a great thing!» This thread is about ways of keeping a journal.

    PS.PS. If you don’t know why you need a journal and want to keep everything in mind, this thread is not for you!

    Not allowed!
    Last edited by RoboForex Trader; 08-14-2013 at 05:53 PM.

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