5 Things You Must Have In Your Trading Journal 📚📘

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1) Mental State - this is how you're feeling on the day you're trading. This will allow you to identify the mental states that you should be avoiding or periods where you should be trading.
2) Trade Performance - document every single trade during the period. Your entry, your position size, why you got into it, what setup, how the trade went, the amount of profit or loss you made or suffered and what the trade did before and after you got in.
3) Market conditions - trends? was it a news economic announcement? was the market choppy? ..etc
4) Positives + Negatives - be brutally honest about your trading performance. Positives could be 'I analysed the market', 'I waited for the trade', 'I didn't go too big'. Negatives could be 'I closed the trade before my target', 'I traded in too much size.'..etc
5) % Goals Achieved. Making an X per trade is not an achievable goal. Are you sticking to your goals in your trading plan?

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[justshoby]

1. mental state
2. trade performance
3. market condition
4. positives and negatives
5. percentage of goal achieved (not monetary)

[marcusnelson]

Your videos are very educational and straight to the point.  I make sure to watch your videos due to the invaluable information you are able to provide without selling a product to go along with it.  Keep up the great work.

[magma]

Thank you for this. Your videos are outstanding. They are of great help to me.

[jonatancarmen]

Bro with your first line "Mental State" you earn your like even in the first minute. Thanks

[_yesilgul]

So crucial issue, when it comes to trading everyone has to have a journal just because when we look backward and check our trades there will be a lot of lessons for somebody who wants to be go further about consistent profitable trader .spoken words fly away, written words remain

[Thenarayanaclips]

I have been trying to trade forex but I did not keep a journal. Now, I am convinced that a journal can boost my overall performance. Thanks a lot bro for this much wonderful info.

[ralfkuris]

Proper mate, thank you for the knowledge and tips! Happy Trading!!

[johnotaran]

Thanks Jim. Totally agree, it is also good for clarity, visibility, review and assessment, analysis. Working on our own success, we gotta be our own best assistant coach !

[kenyamoore]

AWESOME video!!!! Thank you so much for the information!!!! I appreciate you!

[Manus]

Hi Mark, Love your content and have been following your videos, Just a quick question do i need to have a journal as a Scalper. Usually when i swing trade i do take notes everything about the trade. But when i scalp do i need one journal?

[oronnya]

Very simple yet very informative - thanks a lot.

[jkfy]

can you elaborate more on the last point ?

[ranvirghosh]

thanks a lot . awesome information ....

[mwil]

Heres a goal. Have nothing to put in the negatives column. If your strategy is 50/50 coin toss and you consistently get 1.5R 50% of the time, you will make money. Then comes sizing. Aim for 10R and you can be wrong 80% of the time, but that is hard to do as a daytrader ime due to time limitations and not all days are expansion range and without noise.

[johnotaran]

Thanks Jim. Do you have template you can share with us ?

[esaigamboa]

Any chance you could do a review on Crypto trading conditions (if it is of your liking ) . Or do most of the things you teach apply to all types of markets ? Thanks much for all the videos