A buying and selling journal is a report of your trades, together with the small print of every commerce, such because the date and time, the asset traded, the value, the variety of shares or contracts traded, and the result of the commerce. A commerce log is an analogous doc, nevertheless it sometimes consists of 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 might be helpful instruments for merchants, as they may also help you to trace your progress, establish areas for enchancment, and develop a extra disciplined buying and selling strategy.
There are various other ways to create a buying and selling journal or commerce log. Some merchants desire to make use of a easy spreadsheet, whereas others use extra refined software program packages. There is no such thing as a proper or fallacious approach to do it, so long as you might be constant together with your record-keeping. A very powerful factor is to discover a system that works for you and that you’ll stick with.
