Well, after my first article Importance of Trading Journal I decided to write part 2 to say more about this theme. I will try to keep it clear and concise.Basic parameters:date, time and prices of entry and exitpredefined SL, PT and risk reward ratioactual risk reward ratioentry setup, timeframe, currency pair, position size, sideconfluence factors, market condition - trending, range bound, choppy (sideways)emotional state and mood before and after trading session (I recommend to distinguish these compliance as good - green and bad - red)note before trade - description of trade, emotional state, compliance with trading plannote during trade - moving with SL and PT, exiting trade, progress, emotional statenote after trade - summary, emotional state, compliance with TP (yes/no, if no - why)trading goals (more about this later)database of screenshotsequity curvesaccount statementYou may add:daily viewpoint (I'd trade EUR/USD today only with trend, I wait for breaking S/R level etc.)database of trades which you failed to take (e.g. because of fear even it suited trading plan)statistics - W/L %, average losses and wins, drawdowns, average gains and losses etc.whatever else you like to k…
Read article
Translate to English Show original