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 end result of the commerce. A commerce log is the same doc, however 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 will be helpful instruments for merchants, as they can assist you to trace your progress, determine areas for enchancment, and develop a extra disciplined buying and selling strategy.
There are numerous alternative 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 isn’t a proper or mistaken solution to do it, so long as you might be constant along with your record-keeping. Crucial factor is to discover a system that works for you and that you’ll keep on with.
