How to use a journal for trading

When you start a Trading Journal you will ask yourself how you ever got along without it in the past. This may seem like a lot of extra work but remember, your competition most likely is trading out of boredom thinking that the trades are going to give them something. You should know that whatever you take from the markets is from hard work over the other traders. Remember to set your stop losses and stick with them it is far better to stop out then let the trade lose more money thinking that the trade will turn around.