As you know the stock market is likely to change every moment and as follows from this it’s very important to track every action of yours in a corresponding stock trading journal. As for me I have got a few different stock trading journals where I keep track of all strategies I’m currently monitoring. Besides this I also keep here my future concepts which should be developed. In fact, I’m one of those guys who really can’t do without this journal. And this everyday using it is always beneficial for me.

My everyday habit is to take screenshots of charts kept by me in a desktop folder with my date. And I should say that it helps me much because it gives me an excellent opportunity of looking back into a window of my previous thinking. So I can study my previous psychological processes. It’s clear that it’s possible to derive enough experience from these screenshots. I can convert it right into my future profits of course.

Now before getting overwhelmed with this tempting idea of keeping this journal for the purpose of taking notes on your trading, you should keep in mind that it shouldn’t be your daily activity. On the contrary you should do it each time you’ve got a real convenience for this. But at least you’d better try it for up to 30 days in order to evaluate effectiveness of this solution for you. Perhaps you will only require just making notes two or three times per week. I don’t doubt that when keeping this journal you’ll be able to see a great progress in your trading especially in those areas which have appeared to be problematic for you. As for me each time I really don’t know what to do in a particular trading situation I simply go back and look at all these screenshots and in most cases I manage to make an appropriate decision.

By the way I’d like to stress that in this case you haven’t got an opportunity of comparing yourself as well as your performance with anybody else. So the main mistake which an average stock trader usually makes is certainly trading outside of his plan if he hasn’t achieved the expected results yet. The main purpose of keeping this stock trading journal is certainly determining what kind of stock trader you are going to be. This journal should help you to create your own efficient trading strategy. It goes without saying that you shouldn’t simply copy other guys’ trading styles because you should focus on creating your own approach. It’s because what perfectly works with somebody may fail to work with you so you should keep it in mind. I hope that this stock trading journal will be of a great service to you.

Many people who take care of their retirement investing or any other type of investments use stock market trading to diversify their profits.

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