Suggestion SHOULD I USE A TRADING PLAN AND KEEP A TRADING JOURNAL?

[benkal]

A trading plan will help you not to deviate from your trading strategy and this can save you from unnecessary losses. A trading journal/ trade track sheet helps in identifying mistakes you might be repeatedly doing without noticing and how to avoid them in the future. Attached is a sample trading plan which u can use to draft up your own trading plan and my trade track sheet which entails sections such as reason why I took a trade, reason for exiting trade, Comments(like how I was feeling when taking the trade, improvements I can make, Or mistakes I made)

 

[Elieel1998]

a trading journal is very important as it helps track your trades so u can see where u can improve

 

[monagano]

A trading plan will help you not to deviate from your trading strategy and this can save you from unnecessary losses. A trading journal/ trade track sheet helps in identifying mistakes you might be repeatedly doing without noticing and how to avoid them in the future. Attached is a sample trading plan which u can use to draft up your own trading plan and my trade track sheet which entails sections such as reason why I took a trade, reason for exiting trade, Comments(like how I was feeling when taking the trade, improvements I can make, Or mistakes I made)

Could not have said it better