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Trading Journal: A practical tool for performance management
Now, let's describe how a trading journal may help you in your investment journey. It's essential for us to quantify, examine and enhance our trading performance. This method might help you fine-tune your entry/exit points and adjust your strategies to pursue that goal.
This post will cover what a trading journal is, the importance of keeping it, its benefits, and its dimensions.
1. What is a trading journal?
A trading journal records the trades you take in the market, including your buy/sell points, trade direction, position sizes, and trading results.
A trading journal records the trades you take in the market, including your buy/sell points, trade direction, position sizes, and trading results.
2. Why is a trading journal critical?
A trading journal may help you spot mistakes and fine-tune your trading systems. Reviewing your trade day by day might help you find the most suitable strategies and and help grow your confidence in executing your ideas.
A trading journal may help you spot mistakes and fine-tune your trading systems. Reviewing your trade day by day might help you find the most suitable strategies and and help grow your confidence in executing your ideas.
3. How can I benefit from a trading journal?
Have you ever encountered:
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I seldom make trading plans or think about the possible consequences.
![]()
I don't know what I do best and which direction I should go.
![]()
Unplanned actions often occur, which makes me plunge into FOMO.
Don't worry. Keeping a trading journal might help you out!
As we know, a profitable strategy may be developed with experience. You can update your trading system and help improve trading efficiency by reviewing your own trades.
Have you ever encountered:
Don't worry. Keeping a trading journal might help you out!
As we know, a profitable strategy may be developed with experience. You can update your trading system and help improve trading efficiency by reviewing your own trades.
4. How can I write in a trading journal?
A trading journal may be beneficial, but how do you write it? What should it include? You might want to start from 3 dimensions.
Dimension 1: Review the ever-changing market
Start reviewing your portfolio by observing the performance of major indices such as the S&P 500. To be more specific, you can conduct an analysis to identify the trending sectors/industries amid the prevailing market dynamics.
Dimension 2: Review trading data and position size
If you want to focus on your trade, you may document the trading details, including the entry and exit points and price changes. Don't forget to record why you made trading decisions at that moment.
Luckily, we have a feature on moomoo to record our trading data automatically!
A trading journal may be beneficial, but how do you write it? What should it include? You might want to start from 3 dimensions.
Dimension 1: Review the ever-changing market
Start reviewing your portfolio by observing the performance of major indices such as the S&P 500. To be more specific, you can conduct an analysis to identify the trending sectors/industries amid the prevailing market dynamics.
Dimension 2: Review trading data and position size
If you want to focus on your trade, you may document the trading details, including the entry and exit points and price changes. Don't forget to record why you made trading decisions at that moment.
Luckily, we have a feature on moomoo to record our trading data automatically!
Dimension 3: Review the performance of ourselves
After reading the stats, you may want to reflect on yourself a little bit. You can dig deeper into your trading decisions, identify the strategies you used and make a plan for future trades.
After reading the stats, you may want to reflect on yourself a little bit. You can dig deeper into your trading decisions, identify the strategies you used and make a plan for future trades.
The more effort you take in writing the trading journal, the better results you may yield in the next session. It's crucial to know where we are and where we are heading to. Let's start writing!![]()
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Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.
Tap here for more details: https://www.moomoo.com/support/topic653
Tap here for more details: https://www.moomoo.com/support/topic653
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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NANA123 : The more effort you take in writing the trading journal, the better results you may yield in the next session.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cool traderrr :
Dogoro777 : Reviewing my trade day by day is important
Clownarado : What's this got to do with Ford?
slippery Clownarado :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Milk The Cow : In modern society... wake up![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
for me ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.
.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
nothings go wrong ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.
= 
/ 
.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
. A bit complicated but still tracable back if there's a need to ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.
Going hi-tech
Of course is on the pc
Made backup copies but sometimes too lazy to backup &
Actually, I got most of the simple/basic layout imprinted in my brain
Also, as u mentioned Moomoo got keeps the records
NANA123 Milk The Cow : why complicated![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Milk The Cow NANA123 : Because I'd done all my those personal calculations based on my own suit format while Moomoo one's not the same![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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doctorpot1 NANA123 : The benefit of having the data in the computer is you can do data analysis on your trading model much easier. e.g. filter the winning trades and losing trades, then find out what are the commonalities of what makes a winning trades, and what are the commonalities of what causes a losing trade. then adjust our trading pattern. not easy though![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
NANA123 doctorpot1 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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