A buying and selling journal is a file of your trades, together with the main points of every commerce, such because the date and time, the asset traded, the worth, the variety of shares or contracts traded, and the result of the commerce. A commerce log is the same doc, however it sometimes contains extra detailed details about every commerce, such because the technique used, the entry and exit factors, and the rationale for the commerce. Each buying and selling journals and commerce logs might be helpful instruments for merchants, as they will help you to trace your progress, determine areas for enchancment, and develop a extra disciplined buying and selling strategy.
There are numerous other ways to create a buying and selling journal or commerce log. Some merchants desire to make use of a easy spreadsheet, whereas others use extra subtle software program applications. There isn’t a proper or incorrect strategy to do it, so long as you might be constant along with your record-keeping. An important factor is to discover a system that works for you and that you’ll follow.
