A buying and selling journal is a report 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, nevertheless it usually 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 may be helpful instruments for merchants, as they will help you to trace your progress, establish areas for enchancment, and develop a extra disciplined buying and selling strategy.
There are a lot of other ways to create a buying and selling journal or commerce log. Some merchants want to make use of a easy spreadsheet, whereas others use extra subtle software program packages. There isn’t a proper or fallacious strategy to do it, so long as you might be constant along with your record-keeping. Crucial factor is to discover a system that works for you and that you’ll stick with.
