Keeping a trading journal can provide valuable insights from "summary" of Mastering Trading Psychology by Mike Baehr,Andrew Aziz
One of the most powerful tools a trader can use to improve their performance is keeping a trading journal. By documenting your trades, thoughts, and emotions, you can gain valuable insights into your decision-making process. When you record your trades in a journal, you can track your performance over time and identify patterns in your trading behavior. This can help you pinpoint areas where you excel and areas where you need to improve. In addition to tracking your performance, a trading journal can also help you identify emotional triggers that may be affecting your trading decisions. By writing down your thoughts and feelings before, during, and after a trade, you can start to see patterns in your emotions that may be impacting your trading. Furthermore, a trading journal can help you stay disciplined and focused. By setting specific goals for each trade and evaluating whether you met those goals in your journal, you can hold yourself accountable for your actions. This can help you avoid making impulsive decisions based on emotions or external factors.- Keeping a trading journal is a simple yet powerful way to gain insights into your trading performance. By documenting your trades, emotions, and thought processes, you can identify patterns, emotional triggers, and areas for improvement. This can help you become a more disciplined, focused, and successful trader in the long run.
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