Is a transaction log necessary?
A trading diary in trading is a record of a trader's behavior/actions/trading activities during the day, week, month...
From there, we can help each trader gradually learn from each losing mistake, and maximize the actions that help us win.
Recording trading journals and reading them back, is like:
- Analytical observation: observe and review whether analytical skills are consistent? Is it breaking discipline? ...
- Psychological analysis: review your behavior after entering an order, do you manage your capital? What is the psychological behavior before and after entering an order?
- Observe the ego: observe thoughts of greed and fear when an order is present, how excited is it? What fear! What is the intensity/level of fear of order volume?
Regularly observing bad habits in trading, as well as daily practicing and eliminating bad habits that do not bring good trading results, will help each individual gradually improve their behavior. vi good transactions in the future. (this is practice - practice)
Therefore, every day, record trading behaviors that lead to bad results, and even good trading results.
To observe them yourself. Eliminate repetitive behaviors that bring bad results and maximize those that bring good results.
Then over time, over time... bad trading habits are eliminated, helping traders form good trading habits in their mind.
