Your transaction log must contain5Things

The answer to this question is very simple... everything!!!!

You write down everything you want and do before, during, and after trading.

Trading is a performance ability, regardless of the trading style and methods you use. The result is determined by your ability and luck to analyze the market environment, create plans or methods, execute plans.

There are many variables that lead to success, so you need to jot down each one to assess your strengths and weaknesses.

For traders, this means recording:

• Who are you and your trading motivation. To find the right trading method for you, you need to know who you are, your lifestyle, and the reasons behind your actions.
• Market perspective and philosophy. How do you understand the architecture market, make decisions based on actions, and manage the risk of your account.
• Market observation. In the market, every day is different, which does not mean that you have no definite "trends" and "behaviors" to take advantage of. By carefully and continuously observing, you can identify these "trends" and adjust your strategy accordingly. Similarly, if the environment changes, you need to keep up with the situation and change accordingly.
• Trading errors and missed opportunities. The impact of mistakes and missed opportunities on your success is as severe as the market deviating from you. Closing transactions too early, not adopting orthodox settings, and entering at incorrect levels or points should be recorded in your log to avoid making the same mistake in the future.
• Performance data. Your trading performance will mostly be reflected in the data. It truly reflects your performance. These data won't lie. Sometimes reality can stimulate you.

I've told you everything, it sounds a lot. Therefore, in order to make your start simpler, the following are the minimum points you need to remember. The elements that must be included in the transaction log.

Before publishing our list, we would like to point out that it should be included in the trading plan.

We are simply providing you with this list so that you can understand what content should be included in the trading plan, but you do not need to strictly follow this list.

The following are the "mandatory items" in the transaction log5Elements:

1. Potential trading areas
2. Entry trigger
3. Bin size
4. Transaction Management Rules
5. Transaction Review

Once again, it depends on yourself.

It is your transaction log.

Just like your character in Warcraft, you need to create transaction logs that you think are appropriate.

Remember, you are the one who will benefit from the logs. Therefore, make a note of the content that you believe will benefit you the most.