A buying and selling journal is a file of your trades, together with the main points of every commerce, such because the date and time, the asset traded, the worth, the variety of shares or contracts traded, and the result of the commerce. A commerce log is an analogous doc, nevertheless it usually 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 could be helpful instruments for merchants, as they can assist you to trace your progress, establish areas for enchancment, and develop a extra disciplined buying and selling method.
There are lots of 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 subtle software program applications. There isn’t a proper or mistaken approach to do it, so long as you’re constant along with your record-keeping. An important factor is to discover a system that works for you and that you’ll stick with.
