Trading Journal & The Weekly Review Process
A famous saying in the financial world is: "What cannot be measured cannot be improved." If you don't keep a journal of your trading orders, you will forever repeat the same mistakes without even realizing it. **Trading Journal** is the best teacher to help you progress every day.
1. Required Parameters in the Battle Diary
A standard transaction diary page (whether handwritten, using Excel or Notion) must fully record the following information:
- Specifications: Order entry date and time, Asset pair, Position (Buy/Sell), Entry Point, Actual SL, TP.
- R-multiple (R Factor): The profit earned corresponds to how many times the initial risk (for example: 1% loss, 3% win = +3R).
- Reason for entering order: What setup? (e.g. Silver Bullet NY AM, BSL liquidity scan).
- Mood when trading: Are you affected by FOMO, revenge trading or fatigue?
- Chart images before and after order matching: To look back at how prices react at POIs.
2. Weekly Review Process
On Saturday or Sunday when the market is closed, take 1 - 2 hours to open your trading diary for the past week and perform the following process:
Step 1: Calculate weekly performance indicators (Total number of orders, win rate, average R-factor, actual profit/loss amount).
Step 2: Classify losing orders into two main groups:
• System error: You followed all the rules correctly but the market swept past the SL (this is a normal loss, please accept it happily).
• Disciplinary errors: You entered the order because of FOMO, entered the order without setup, moved the SL randomly (this is an error that needs to be corrected immediately).
Step 3: Record lessons learned and set disciplined goals for the next trading week.
Trade disciplined and trade well! If you have any questions about this lesson, join our Telegram community to discuss.
← View more lessons