A trading journal is a detailed record of all your trading activities. It is a tool that traders use to document their trades, analyze their performance, and improve their trading strategies. I suggest you to make trading journal on notebook, never use any app. Here are some key elements typically included in a trading journal:
1. Trade Details: This includes the date of the trade, the asset traded, the entry and exit time, the size of the position.
2. Rationale: The reasons for entering the trade, such as technical indicators, fundamental analysis, or news events. This helps in understanding the thought process behind each trade.
3. Emotions and Psychology: Notes on how you felt before, during, and after the trade. This can help in identifying emotional biases that might affect trading decisions.
4. Trade Outcome: The result of the trade, including the profit or loss.
5. Post-Trade Analysis: Reflection on what went well, what went wrong, and what could be improved. This might include reviewing charts, news events, or other factors that influenced the trade.
6. Performance Metrics: Tracking metrics such as win/loss ratio, average profit/loss, and other statistics to measure overall performance over time.
How to make trading journal? It is shown in video
Very well explained and the true Journal which really helps