A trading journal is quite simply like a trading diary. You will input data relating to entry and exit points, the capital invested, the outcome of that particular trade and any other notes that you would like to make regarding a trade, for future reference.

Keeping a trading journal is a highly recommended method of keeping track what you did in terms of the different trades. Through a trading journal you can be more responsible as well as much more aware of what you are doing, and as you view the data together, you will be able to discern how you are doing overall and whether a different decision might have worked better. Do you keep a trading journal?