Establish Trading Discipline for Yourself Before Trading (Part Five)

Continuous Recording and Review:

Trading Log: Detail each trade's date, instrument, direction, entry/exit points, position size, stop-loss and take-profit settings, trading logic, market environment at the time, emotional state, and profit/loss results.

Regular Review: Analyze the trading log:

* Is the plan reasonable? Was the execution on point?

* Which trades were successful? Which were unsuccessful? What were the reasons? (Is it a planning issue, execution issue, emotional issue, or market issue?)

* Is the strategy still effective? Does it need optimization or adjustment?

* Where did the emotional management go wrong?