Journaling

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A trading journal is one of the most powerful tools a trader can use.

**What to log:** - Date and time of trade - Pair and direction (long/short) - Entry, SL, TP prices - Risk:Reward ratio - Result (win/loss/BE) - Screenshots before and after - Notes on confluences used and emotional state

Review your journal weekly to identify patterns in mistakes and successes.

Knowledge Check

7 questions

1.Which of these should be logged in a trading journal?

Only the final profit or lossEntry, SL, and TP pricesNothing, journals are unnecessaryOnly winning trades

2.How often should you review your trading journal, according to the lesson?

Daily onlyWeeklyOnce a yearNever

3.Why should you log your emotional state in a journal?

It is not importantTo identify psychological patterns affecting performanceOnly for entertainmentTo share on social media

4.What is the purpose of taking before and after screenshots in a journal?

To visually review trade context and outcomeTo post on social media onlyTo slow down your tradingIt has no real purpose

5.What should be recorded regarding a trade outcome?

Nothing, it does not matterResult such as win, loss, or breakevenOnly the broker nameOnly the currency pair

6.Reviewing a trading journal helps identify:

Random noise onlyPatterns in mistakes and successesBroker fees onlyMarket holidays

7.Along with entry and exit prices, what ratio should be logged?

Broker leverage ratioRisk to Reward ratioWin rate percentage onlyCurrency conversion rate

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