A key tool most of the successful traders prefer using is a Trade book. The reason we keep trade book is so we can easily go back and review past trades and figure out what went right, what went wrong, and attempt to figure out why. There are many different ways that you can keep your own trading book. In this blog, I am going to show you how I started keeping my trade book in an excel sheet, how can you do the same, and how can you even download this template for free!
My trading journal template came about after reading “Trading in the Zone” by Mark Douglas. One of the suggestions in his book is to keep a trading journal of all of your trades in the market so you may perform a post analysis of exactly what you did and why you did it. He stressed the importance of recording the information as soon as possible, preferably immediately. The reason is because the longer the wait to record our decisions, the more time we give ourselves to justify them. A good journal will capture your actions as close to raw as possible.
I chosen Excel because that is the most used and easiest workspace where I can keep just about everything I wish to track, plan with, analyze and maintain my profit & loss accounts.
Click on the below link to download your Tradebook now –