🤦🏻♂️Most traders lose not because they lack a strategy, but because they don’t know when it works and when it fails!
The solution? A smart trade notebook.
Follow to learn how to manage your trades like a professional:
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1️⃣ Step One: What is a trade notebook?
The trade notebook is a record where you write down every trade you enter, with the following details:
• Currency
• Entry and exit point
• Reason for entry (Technical pattern, news, support/resistance…)
• Result (Profit/Loss)
• Your feeling at the time of the trade (Confidence? Fear? Greed?)
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2️⃣ Step Two: Why is it necessary?
Because without a record, you can't know:
• What patterns actually work for you
• Where you keep making the same mistakes
• How your mental state affects your results
Trading without tracking = Driving without a rearview mirror!
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3️⃣ Step Three: How to record effectively? ✍️
Make recording trades a daily habit, even if for 5 minutes.
Use tools like:
• Excel or Google Sheets
• Notion
• Even a simple paper notebook
Divide the table to include:
| Currency | Entry | Exit | Reason | Result | Notes | Feeling |
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4️⃣ Step Four: Review your results weekly 🧠
At the end of each week:
• Calculate the success and loss rate
• Look for recurring mistakes
• Do you lose more when you trade without a plan?
• Do you earn more with certain patterns or at specific times?
Reviewing is sometimes more important than the trade itself!
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5️⃣ Step Five: Develop your strategy based on the data ⚙️
After each review, change only one thing and observe the result
For example:
• "I will avoid trading during news this week"
• "I will focus only on breakouts and not retracements"
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Summary:
Trading without a trade notebook is like building a house without a blueprint.
Start today, even with just one trade, and record everything… After one month, you will discover things about yourself and your strategy that you hadn’t seen before.
