Trading journals can be written without psychological burdens; it's okay to criticize oneself: after all, it’s only for personal reference, so you can speak freely without needing to save face. If you did well in trading today, jot down your thought process and continue doing it this way; if you made a mistake, write down the reasons in detail to avoid repeating them in the future. Trading often relies on experience, which requires accumulation over time; some things can’t be learned without going through them. However, if you’ve gone through something and still haven’t learned, it’s definitely a lack of reflection. Two people may have two years of trading experience, but one keeps a journal while the other doesn’t, and their experiences will be absolutely different. A well-kept journal for a year can be worth two years of experience, and two years of journaling can be equivalent to five years of experience. Don’t you believe it? Just ask yourself what the reasons were for your losing trades last month. Did you make the right fundamental judgments? Did the technical analysis follow your expectations? Many people can’t even remember what they were thinking two days ago. Keeping a journal makes a difference; it helps to record your thoughts at that moment and then compare them with your current views to identify where things went wrong. Progress can be very fast if you avoid repeating mistakes. If you ask how you lost today, and you don’t know? How will you make a profit tomorrow? You also don’t know? Without recording, summarizing, and reflecting on yourself, the only outcome can be aimlessly waiting for the market to take its toll.
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