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Trading & Technical Analysis

Trading Journal

Also called: trade log, trading diary

A trading journal records every trade with its reasoning, size, outcome and the state you were in when you took it. Its value is defeating hindsight bias: memory rewrites losing trades as unlucky and winning ones as skilful, and only a contemporaneous record shows the pattern. Most traders discover from their own journal that a small number of impulsive trades account for most of their losses.

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