Publisher's Synopsis
Anyone looking to trade the stock market for profit MUST track their trades and their results.Keeping track allows you to work out what trades are profitable (and indeed whether you are making a profit or loss), what risk you are taking on each trade and whether the return you are getting is "worth it".This trading journal allows you to capture and to monitor:1. Your trading plan - and the results that you are seeking to achieve over the year; 2. For each trade you entera. why you entered it ("visually" and in text)b. what your maximum risk is when you enter the trade, and as the trade progresses (as you move any stop losses)c. what return you're expecting; andd.how you plan to exit the trade.As well as, when you exit the trade: e. why you chose to exit (again, visually and in text) f. your profit or loss; and g.your return on investment; as well ash.any lessons learned (should you have done anything differently?) Unlike some other trading journals - which focus purely on the numbers - this journal allows you to sketch out the chart pattern at the start and exit of your trade. THIS IS ESSENTIAL! This visual reminder, alongside your results, means that you can capture what you saw and learn from every trade.Sometimes you'll get it right and celebrate the achievement. Other times you'll look at the chart and realise you make a mistake - this journal allows you to see what you're doing wrong, to compare what you saw with reality and therefore to learn from your mistakes. It means that for every mistake you can quickly discover whether the mistake was with your strategy or with your own reading of the charts. It also allows you to make sure you're trading in line with your own trading plan.It includes an example trade setting out the information that you'll want to capture so that you can see for yourself how this journal can allow you to monitor your results and make you a better trader.
