Do you record your trades? | Forex Factory

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Do you record your trades?

  • #1
  • First Post: Mar 2, 2017 7:10am Mar 2, 2017 7:10am
3 weeks ago I saw a video about the importance of record your trades. This week (last 3 days now) I started to note every trade I did and I must say that it gives a good insight on which currency is a yes or a no. I have notice that CHF is not (for me) a good currency to trade (see the screenshot).

Attached Image (click to enlarge)
Click to Enlarge Name: records 16 trades.png Size: 34 KB


The result are from the last 3 days (on a demo account)!

Do you record your trades? And where did it helped you and do you have any advice to share here?
Thanks
  • #2
  • Mar 4, 2017 9:22pm Mar 4, 2017 9:22pm
I do record, just not here. Cheers.
  • #3
  • Mar 4, 2017 10:26pm Mar 4, 2017 10:26pm
You should always journal your trades. Also keep track of how well you stuck to your rules, meaning did you honor your stop losses, did you let your target get hit or did you exit based on emotions? Personal statistical analysis will always be your best indicator.
  • #4
  • Mar 5, 2017 7:26am Mar 5, 2017 7:26am
Great for you to start recording your trades! Kudos. I record mine too on my journal booklet,
prefer old style of writing down instead of keying in in excel. Helped me focused on my
trading equity's level of performance, and keeps a nice record of your past week mistakes
  • #5
  • Mar 5, 2017 1:44pm Mar 5, 2017 1:44pm
No. I'm on the 1m, I'd probably miss out on a trade while documenting the last one. I have a good memory though.

However, as a classical do as I say, not as I so: Considering most traders suffer a lot from their emotional unfitness I would recommend to not only document a trade, but to also document the emotions you endure while that trade is running. Or, perhaps even better than writing it down, record it!
  • #6
  • Mar 6, 2017 6:43am Mar 6, 2017 6:43am
Doesn’t the platform you use record them automatically? Usually all one has to do is pull up that record, no need to do it manually for every single trade.
  • #7
  • Mar 6, 2017 9:17pm Mar 6, 2017 9:17pm
I do have records of my all trades, but sometimes i feel why i have list of all trade what is going to be useful with but i like to keep them.
  • #8
  • Mar 7, 2017 7:02am Mar 7, 2017 7:02am
Quoting Butterscotch
I do have records of my all trades, but sometimes i feel why i have list of all trade what is going to be useful with but i like to keep them.
Being able to go back and see how you’ve traded before can actually be quite useful. It can help you analyze previous errors, which in turn can help you avoid doing the same errors in the future. What is more, you can also see what you did right.
  • #9
  • Mar 7, 2017 7:17am Mar 7, 2017 7:17am
I make a screenshot of every trade i close, stored in folders.
  • #10
  • Mar 7, 2017 7:44am Mar 7, 2017 7:44am
Every trader should record his or her trades, taking into record individual trading method and aim. Using someone else’s trades does not exhibit your trading style. Your trades should be recorded, but reduced to re-evaluation once the market has stopped. All of these can help in adjusting your skills as a trader.
  • #11
  • Mar 7, 2017 8:04am Mar 7, 2017 8:04am
A trade journal is a must have to keep with us because it helps us to review our trading records and evaluate our mistakes too.
  • #12
  • Mar 8, 2017 12:05pm Mar 8, 2017 12:05pm
Quoting fxforexnew
3 weeks ago I saw a video about the importance of record your trades. This week (last 3 days now) I started to note every trade I did and I must say that it gives a good insight on which currency is a yes or a no. I have notice that CHF is not (for me) a good currency to trade (see the screenshot). {image} The result are from the last 3 days (on a demo account)! Do you record your trades? And where did it helped you and do you have any advice to share here? Thanks
Nice spreadsheet. Do yo mind sharing.
  • #13
  • Mar 8, 2017 4:47pm Mar 8, 2017 4:47pm
You can export the data to excel to check the numbers and do what you want =)

I personally make a screen shot when i enter a trade and another one when its over (Hit SL, TP or manually by me) so i can visually check if im doing it by the rules, OR if i maked a mistake, track it and kill it with fire !

the last one was an eye opener for me.. do it, it worth its weight in GOLD trust me
  • #14
  • Mar 8, 2017 8:42pm Mar 8, 2017 8:42pm
Quoting havo
You can export the data to excel to check the numbers and do what you want =) I personally make a screen shot when i enter a trade and another one when its over (Hit SL, TP or manually by me) so i can visually check if im doing it by the rules, OR if i maked a mistake, track it and kill it with fire ! the last one was an eye opener for me.. do it, it worth its weight in GOLD trust me
Thanks,

I always think of doing it but in the end I become too lazy.
  • #15
  • Mar 9, 2017 10:29am Mar 9, 2017 10:29am
Quoting mlawson71
Doesnt the platform you use record them automatically? Usually all one has to do is pull up that record, no need to do it manually for every single trade.
Yes that is also true
  • #16
  • Mar 9, 2017 10:34am Mar 9, 2017 10:34am
Great advice and personal thoughts. Thanks guys and I really appreciate this! Since I record my trades I have notice that I don't want to trade on the CHF pairs. It's really helping me to see my errors. It have showed me the wrong entry moment and where I was to fast to exit a trade.
  • #17
  • Mar 10, 2017 11:37pm Mar 10, 2017 11:37pm
It is good to have records of our old trades but what we are going to with it, i dont think any one is going to check it for error correcting or being positive about forex.
  • #18
  • Mar 11, 2017 5:16am Mar 11, 2017 5:16am
Quoting Butterscotch
It is good to have records of our old trades but what we are going to with it, i dont think any one is going to check it for error correcting or being positive about forex.
Well, some people do review their old trades looking for mistakes, actually. And besides, it is good to have a record of all of one’s trades – to see how profitable one was during a certain period of time at the very least.
  • #19
  • Mar 11, 2017 8:13pm Mar 11, 2017 8:13pm
Quoting mlawson71
{quote} Well, some people do review their old trades looking for mistakes, actually. And besides, it is good to have a record of all of ones trades to see how profitable one was during a certain period of time at the very least.
Yes, I think keeping a trading journal to learn from past mistakes is a very important aspect to achieve trading sucess.
Vtayha7788 has suspended me and Twee is missing!!!
  • #20
  • Mar 12, 2017 5:59pm Mar 12, 2017 5:59pm
Quoting mlawson71
{quote} Well, some people do review their old trades looking for mistakes, actually. And besides, it is good to have a record of all of ones trades to see how profitable one was during a certain period of time at the very least.
That's exactly why I record my trades. It helps me to see what are the best days, pairs and situations to trade.
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