Why start a trading journal? | Forex Factory

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Why start a trading journal?

  • #1
  • First Post: Sep 22, 2008 5:59am Sep 22, 2008 5:59am
Hi,

I have a question for poster in this forums....

Why post your trading journal ?
1-Is it for showing that you are a good trader ?
2- Show to yourself that you are one good trader ... ?
...
X- Just for fun.

Somedays I want to post my results but can not find why I should
  • #2
  • Sep 22, 2008 9:36am Sep 22, 2008 9:36am
Quoting WarrBenj
Hi,

I have a question for poster in this forums....

Why post your trading journal ?
1-Is it for showing that you are a good trader ?
2- Show to yourself that you are one good trader ... ?
...
X- Just for fun.

Somedays I want to post my results but can not find why I should
It's so that you can go back and learn from dumb stuff that you've done in the past that you normally would have forgotten about. Just my thoughts on it.
I dream, therefore I become.
  • #3
  • Sep 22, 2008 10:09am Sep 22, 2008 10:09am
yes I agree an follow your idea. But why publish it ?
I have a trading journal for myself and trading partners.

I have not find any good reason why I should show my trades to everyone.

Of course I can do it but for which goal
  • #4
  • Sep 22, 2008 4:49pm Sep 22, 2008 4:49pm
Quoting WarrBenj
Hi,

I have a question for poster in this forums....

Why post your trading journal ?
1-Is it for showing that you are a good trader ?
2- Show to yourself that you are one good trader ... ?
...
X- Just for fun.

Somedays I want to post my results but can not find why I should
Most of those journals are just people showing off about their trades. I haven’t seen the first one with a terrible loss or a horrible mistake saying: guys look at what I’ve done!!! I screw it up!! But I’m still waiting for one of those.
  • #5
  • Sep 22, 2008 4:56pm Sep 22, 2008 4:56pm
Mmm yes true. Maybe I can copy my first trading journals
I have text like "Why do I trade so bad !!!!"
  • #6
  • Sep 22, 2008 5:09pm Sep 22, 2008 5:09pm
Quoting profitmaker
Most of those journals are just people showing off about their trades. I haven’t seen the first one with a terrible loss or a horrible mistake saying: guys look at what I’ve done!!! I screw it up!! But I’m still waiting for one of those.
Obviously, you haven't looked through mine yet. lol I've published losses, as well as gains, that have been ridiculous and I still go back through to look at them and see what I've been doing differently from that point. Everybody has losses.
I dream, therefore I become.
  • #7
  • Sep 23, 2008 1:24am Sep 23, 2008 1:24am
What is a perfect Trading journal ?

What do I need to write in the journal ?

Today I write down all the trades that my 3 eas do in my journal on my laptop.

- Often I will not be able to explain why the trade is done. So I do not think my journal on ForexFactory will be useful
  • #8
  • Sep 23, 2008 2:17am Sep 23, 2008 2:17am
why publish it ?
because you will be more sincere with yourself and also record losing trades, whereas if you didn't publish it, you were not so sincere. People are watching you, you may or may not have set a goal for yourself, which if people know, gives you more determination to succeed.
Twitter: @forexpokerpro
  • #9
  • Sep 23, 2008 3:36am Sep 23, 2008 3:36am
Why not?
Trade what you see, not what you think.
  • #10
  • Sep 23, 2008 3:44am Sep 23, 2008 3:44am
Hi,

I will publish my journal from today in a new thread and we will see if FF thinks it is useful.
  • #11
  • Sep 23, 2008 7:00am Sep 23, 2008 7:00am
Quoting BBPI_fxtrader
why publish it ?
because you will be more sincere with yourself and also record losing trades, whereas if you didn't publish it, you were not so sincere. People are watching you, you may or may not have set a goal for yourself, which if people know, gives you more determination to succeed.
I disagree, making the journal public you have one more emotion to deal with namely how you cope with the various people reactions reading your journal. It makes you feel better than normal when you win and worse than normal when you lose.

A trading journal should be private, it is your concern only and maybe one or more close traders that could trully review your trades and offer insights if necessary.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #12
  • Last Post: Sep 23, 2008 1:04pm Sep 23, 2008 1:04pm
Quoting WarrBenj
Hi,

I will publish my journal from today in a new thread and we will see if FF thinks it is useful.
It's not about all the other people although that is a nice thought. It's only about if YOU think it's useful. If it's helpful to your trading, then go about making it. If you find that it becomes detrimental, then scratch it. Truth be told, nobody else here cares whether your profiting or not if they aren't too.
I dream, therefore I become.
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