This helps them stay motivated to get stronger, faster and perform better. World-class athletes maintain journals to keep track of their performance.
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This includes instructions on how to complete it in order to help you become a better trader.ĭownload the Trading Journal Spreadsheet Why Should You Keep An Option Trading Journal? Today, we’ll look at how to start an option trading journal, the best format for the journal and the most efficient way to build it.īy the end of this post you will have your own option trade journal. No matter whether you are just starting out or are a seasoned veteran, keeping a trading journal is one of the most effective ways to improve your trading performance. How will we know where we can and need to improve? “Keeping records enhances the chance of finding order and meaning in those events” – Aldo Leopold.Īs option traders, if we are not keeping good records, how will we know what is working and what is not? That is reviewing trades and creating a trading journal. However, once traders have got to this stage, and they start trading, they forget one absolutely crucial aspect. This is certainly an important step and one that should be not taken lightly. They come up with a trading plan, paper trade, tweak and practice. Most option traders put a lot of time into planning and executing their trades.
By the end of this post you will have your own option trading journal to use with instructions on how to complete it.