{"id":8644,"date":"2022-09-29T06:23:19","date_gmt":"2022-09-29T06:23:19","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8644"},"modified":"2022-09-29T06:23:19","modified_gmt":"2022-09-29T06:23:19","slug":"what-is-a-trading-journal-2","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/29\/what-is-a-trading-journal-2\/","title":{"rendered":"What is a Trading Journal?"},"content":{"rendered":"\n<p>A Trading Journal is both an objective record of your trading decisions (numbers &amp; dates) as well as a subjective record of why you made them and how they panned out.&nbsp;<\/p>\n\n\n\n<p>If you are serious about cryptocurrency trading you must be willing to keep a Trading Journal that is entirely honest. It is too easy to simply screen out the failures and just hang on to successes, but that is a guaranteed way to get\u00a0rekt.<\/p>\n\n\n\n<p>Keeping a Trading Journal requires a systematic approach to each trade that you make, split between Objective and Subjective categories. The objective elements are suited to a spreadsheet format, while the Subjective are more like annotations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Objective Elements of a Trading Journal<\/h3>\n\n\n\n<ul><li>What currency pair you are trading<\/li><li>Your entry price &amp; date\/time<\/li><li>Your exit price &amp; date\/time<\/li><li>Your target exit price &amp; the difference with Exit<\/li><li>Trade duration<\/li><li>The type of trade &#8211; spot or limit; long or short<\/li><li>Trade size &amp; proportion of your capital<\/li><li>Profit\/loss from trade<\/li><li>A clear logic for making the trade<\/li><li>&nbsp;A measure\/index of risk &amp; a confidence level\/index for the trade<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A Trading Journal is both an objective record of your trading decisions (numbers &amp; dates) as well as a subjective record of why you made them and how they panned out.&nbsp; If you are serious about cryptocurrency trading you must be willing to keep a Trading Journal that is entirely honest. It is too easy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[256],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8644"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8644"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8644\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}