You should journal your trades to track your results to identify what is not working

and to see what is working. And then you can stop what is not working and focus on
what is working. Simple as that.

How to journal your trades?

It is important that you write down what you have analysed and the reason you have
take the trade and how you set your targets and why. I’m talking about a basic
summary of how you have taken the trade and why you have taken the trade.

You could do it like this:

EURUSD: Uptrend on Daily and H4. Price broke previous high clearly, retested
the level. Price shows rejection/ bounce on the H1 and h4 chart. I see some
wicks, so it looks like the level get respected. I enter a long position at 1.11234,
stop loss is under the previous low and the uptrend line, and target is just
before the last high.

If you want you can add a screenshot of the chart after you took the entry+ a
screenshot of the chart when the trade get’s closed, so that you can track exactly
what happened.

If you do it like that you are going to have a lot of data after 2 or three months and
then you can look at all your data and see if you can find a trend of what is working
well and what is not, so you can focus on whats working and get rid of all the crap
that doesn’t work.

It is very important that you come back to your journal after the trade gets closed to
explain what happened. Maybe the markekt moved sideways and you made the
decision to close the trade at break-even, or the trade hit the take profit target and
the market continues to move in the direction rapidly, or maybe the market hit the
target and turned around instantly, or the trade hit the stop loss and after that moved
right back into the direction and would have end up in a winner, then you can make a
note that maybe your stop loss was too tight or something like that. Whatever
happened, you have to write this in the journal to track whats going on and to make
sure you get a better understanding of what is going on.

Journaling is very important especially at the beginning of your tradingcareer. Keep it

serious and do the work at the beginning of your career. Later on you don't need to
journal your trades.