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why journaling your trades is important

Hello friends welcome  to the #Traderlifestyle 

I hope  my blogs give you some value in your trading journey, in this blog I will talk about  journalling your trade is very important 

first of all, I want  to tell you about what is journaling means actully, so  journalling means  nothing but  the  backtesting of your entire  trades, I use a NOTION  for the make  a journal  of my every trade (NOTION is the best journaling software which I use for the ASR (advance self-review)

NOW  the second point is what you have to write when you make a journal of any trade so here some important point given below
  1. PROBABILITY OF LONG AND SHORT 
  2. PSYCHOLOGY  BEFORE THE TRADER 
  3. WHEN YOU CUT YOUR TRADE WHEN IT TRUNS OPPOSITE 
  4. CONDITIONS OF CONTINUING YOUR LONG AND SHORT TRADE 
  5. DISCIPLINED RISK REWARD RATIO ( RISK MANAGEMENT)
The very first point is the probability of going long and shorts this is very important to determine the probability of your trade, sometimes you feel full confidence behind your trade this is because of the high probability and sometimes are not confident  behind the trade so this show the low probability 
so determination the probability of your trade you had taken is very importent, this is the first journal you have to write 

the second point is the psychology  behind the trade it is very important for you as you are the consistent trader to understand the psychology behind the trade you had taken, why you have taken trade is very important to tell yourself, what you see in a technical chart, what is the breakout you get in the chart then you take trade 
it is the second most important journal you have to write, and when you write the psychology behind the trade and you turn wrong so next time you will never make that mistake again.

the third point is when you cut your trade when it turns opposite,  this is I am talking about the stop loss  this is the very important for the trade I hardly suggest you don't trade without stop loss 
must write and put the stop-loss before taking the trade in the trading the exit is more important than the entry, so this is very  important to make journal of stop losses 

the fourth point is the condition of the continuing your long and short trade, this is the very rear   trades you have to write this journal but when you think that the price will go done and you are in the profit  but you think that the price will continue  to fall more so write about that also  that you continue on the trade 

the fifth and very important point is the disciplined risk-reward ratio, as I told you lots of time trading is all about risk-reward, how much you are making when you right and how much lost when you go wrong, I dont do trade when I dont get my disciplined risk-reward ratio to write about the risk-reward is also importent. 

I show some pictures of my trading journals 



this types I make the journal of my every trade and also do a study of the trade 
I treat trading like a professional work  so I do  trading as professionals as I can 

 so thank you for reading this book I hope  this blog also gives you the value 
journaling is very importent work in the trading perspective but this will only happen when you are consistent, you have a consistency of trading,

so thank you for reading this blog  plz do share if you really like this blog  you can also follow me through Instagram, Linkedin,
😊stay tuned😊
💗Happy trading💗



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