✅ The Trader's Psychological Journal – Your Secret Weapon for Survival in the Market
Dr. Alexander Elder considers the psychological trading journal not a luxury but a necessity, and he says it is one of the most important tools for the professional trader.
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✍️ What is the psychological trading journal?
It is a notebook (paper or digital) where you record not only the details of the trade but also your mental state before, during, and after each trade.
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🧠 Elder suggests writing in it:
Why did you enter the trade?
Were you confident? Hesitant? Afraid?
What did you feel at the time of profit or loss?
Did you follow your plan? Or did you change it under pressure?
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✅ Why is the journal important?
It reveals your recurring psychological flaws.
It allows you to review your decisions calmly.
And it helps you build a balanced character in front of the market.
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🔑 Elder says:
> "He who knows not himself cannot survive in the market."
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🔍 This information is not a recommendation, and the market always carries risks, think with your mind and make your decision with your hands.