Keep a trading journal to track your performance from "summary" of How to Day Trade for a Living by Andrew Aziz
One of the most important tools for a day trader is keeping a trading journal to track their performance. This journal can provide valuable insights into the trader's strengths and weaknesses, helping them to improve their skills over time. By recording details about each trade, including entry and exit points, position size, and reasons for making the trade, traders can analyze their decisions and learn from both successful and unsuccessful trades. Tracking performance is essential for day traders because it allows them to identify patterns and trends in their trading behavior. This information can help traders to refine their strategies, avoid making the same mistakes repeatedly, and ultimately become more consistent and profitable in their trading. Without a trading journal, it can be difficult for traders to objectively assess their performance and make data-dri...
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