InvestorQ : How to make your trading diary more useful and meaningful to my trading?
prachi Patwardhan made post

How to make your trading diary more useful and meaningful to my trading?

Answer
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2 years ago


Be clear on the purpose of your trading diary. It is not just to record your trades at one place. That is just clerical. You need to make it actionable and you need to make it truly meaningful. If you just create your trading diary for the heck of it, then you can as well forget about it. Mechanical recording of trades is not going to help. What the trading diary calls for is an in-depth analysis of view formation, trading process, trade monitoring, the way you react to external stimuli, the factors you consider in trade etc. It is a gradual and iterative process and it has to ultimately be actionable. That is the bottom-line for you as a trader.