In my trading journey, one of the most valuable tools that transformed my approach and helped me become consistently profitable is my Trading Journal—the Psychology and Probability Edition.
The Power of Tracking Trades
This journal is not just a notebook; it is a structured system focused on probability and trading psychology. It helps me track every trade, understand my emotional responses, and learn from every outcome. By documenting each trade meticulously, I gain clarity about what strategies work and where I am going wrong.
Key Rules That Made a Difference
The journal comes with simple but powerful rules that I follow strictly:
- Limit to One Trade Per Day
I only take one trade per day according to my strategy. If my stop-loss (SL) is hit, I stop trading for the rest of the day. This discipline prevents emotional and impulsive decisions, saving me from unnecessary losses. - Track My Last 10 Trades
Recording the last 10 trades allows me to evaluate how many were profitable and how many resulted in losses. This review helps me identify patterns and adjust my strategy. - Maintain Fixed Loss and Aim for Higher Profit
I predefined my stop loss to control risk. More importantly, I aim for profits that are at least 2 to 3 times greater than my loss. This ensures my wins outweigh my losses, making long-term profitability possible. - Review and Analyze Every 10 Trades
After completing 10 trades, I analyze them deeply to spot mistakes and avoid repeating them. This continuous learning process has been vital in refining my trading skills.
How This Journal Helped Me Become Profitable -Before using this journal, I struggled with inconsistency and emotional trading. The journal gave me structure and clarity, reinforcing the importance of risk management and psychological control. It turned my trading from gambling into a disciplined, probability-based process.
Get Your Own Trading Journal-If you want to use the same proven method that has helped me become more disciplined and profitable, you can purchase my Trading Journal from the Download on my website. This journal is specially designed with rules focusing on probability and psychology to help you track trades carefully, manage risk effectively, and improve your mindset.