One of my most important aspects of trading is keeping a trading journal. I have always maintained having one from back when I started almost 8 years back. It documents all of my trades, entry and exit prices, profit and losses booked and most importantly – LESSONS LEARNED. As the saying goes ONCE a mistake, TWICE a fool”. This helps reinforce lessosn learned over the years at a glance and grounds your trading decisions going forward. More importantly, you also can tell what works for you going forward. As such I cannot emphatize just how important it is for you to have a trading journal of your own.

A trading journal is a powerful tool that is meant to help you become a successful trader. Essentially, it is a written record of what happened during a trade. You may include market conditions, the size of the trade, expiration time, prices, whether …