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A trading journal is a complete record of all your trading activity over time. It consists of writing down the results of all your trades in order to later assess your overall performance. Keeping such detailed chronicles also allows you to draw objective information when feeling upset and doubting your trading system after a series of trades gone wrong.
Most inexperienced traders downplay the significance of having such a journal, thinking they will have no problem memorizing their biggest mistakes, or successes. But keeping such a daybook is not just a reminder of failures, rather a way to keep extensive records on your trading practice and thus feed you with viable information when assessing how successful your trading system is and which are its flaws.
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