Can transaction logs really change your fate? Let me tell you how to use them.

Many people ask me: why do professional traders keep trading journals? The answer is simple - if you don't record, you won't make money.

What is a trading log?

In simple terms, it's a notebook. You need to write down every transaction, risk management, psychological fluctuations, and strategy adjustments. It sounds simple, but this thing can determine whether your account blows up or takes off.

Why it must be remembered:

• Prevent yourself from making random trades
• Enforce Discipline
• Find the real money-making strategies
• Expose your weaknesses (this is crucial)
• Think twice before trading.

Traders without logs usually end up with their accounts cleared.

How to Create Your Own Trading Journal

Step One: Two Tools

• Spreadsheets (Excel/Google Sheets): Cold, hard data
• Text documents (Word/Google Docs): Your true thoughts

Step 2: What to remember in the table

At least these columns are required:

• Trading Pair/Token
• Entry/Exit Time
• Price & Quantity
• Transaction Fee
• Final P&L
• Personal Insights

Step 3: How to write the text part

A passage every day, record your:

• What were you thinking at that time?
• Market atmosphere feels
• Why enter this order?
• Reflection after the transaction

This part is the soul of the log. The table is just a move; the text is the diagnosis.

Real Usage

Before entering: Pull out the text and force yourself to write down the reasons. If the reasons don't hold up? Don't enter. Among those who enter due to FOMO, nine out of ten end up liquidated.

In Trading: You don't need to check every day, but you should remember the logic of entering.

After the transaction: Immediately record the details, do not wait until the next day. Memory can deceive you.

Weekend Review: Look for patterns in the table. Are you making money in specific time periods? With specific cryptocurrencies? Or is it all just luck?

Key Recommendations

Remember these two points:

1. Either update daily, or don't bother — It's useless to fish for three days and sunbathe for two.
2. Either write down the losses or don't deceive yourself — the more painful the trade, the more it deserves to be remembered.

Successful traders have trading logs as thick as bricks. It's not because they love taking notes, but because they know — Recording = the only path to progress.

Start recording. In three months, you will be able to see whether your trading strategy is really making money or just purely earning rewards.