Keeping a Trading Journal
Why Should You Keep a Trading Journal?
Here are a few reasons why you should keep a trading journal.
- Trade Verifications
There have been occasions when brokers have tried to shortchange traders. A trader on a particular platform had a peculiar case. He opened a trade and forgot it for a number of months as he had to travel on an assignment. When he came back to his trade, he had made tens of thousands of dollars on it. He took a snapshot of the screen and closed the trade in profit. Hours later, the unscrupulous broker scrubbed that trade from his trading history, and removed the profit from his account. His snapshot, taken as part of his trading journal, decided the case in his favour when the matter went to the regulators.
A trading journal with such records can be the difference between you protecting your profits or losing them.
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