Trading Journal: Important step towards Professional trading

Elite performers in all competitive fields study the past to help improve their ability in the future. The same goes for elite traders. Today we will disucss 3 reasons why you should keep a trading journal.

You’ve most likely heard it before that journaling can be used to improve your trading, but for whatever reason may not have tried it before. Maybe it was too tedious or too time consuming? Regardless of your rationale against journaling, I do think you should reconsider.

A good parallel to this is the world of professional sports. You have athletes that have physically trained their whole lives to be the best at what they do, but a large part of their routine is reviewing past matches, games, and learning their opponents. They look for weaknesses in their game in order to improve themselves and look for weaknesses in their opponents to exploit them. This is the exact same attitude a professional trader should have when they review past trades. Consider the following 3 reasons to begin adding a journal to your trading routine.

•  Trading Journals Increase Trading Consistency

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