How many times have you read a book or a post telling you to keep a trading log. But you don't. Or it isn't consistent or some other excuse.
The reason I believe that most traders don't keep a log (remember most traders don't make money either) is because it requires discipline.
And it requires that you confront your trading - warts and all.I've posted a copy of today's trading log for the ER2 and YM.
You'll notice that there are 2 trades that shouldn't have been taken at all! Also you'll note I calculate my average winner, average loser, and my winning %. That tells me my expectancy.
Also all my profits and losses are denominated in R values (that's risk values) not ticks or dollars. This keeps me honest. If I risk 20 ticks to make a 2 tick trade then I don't get "rewarded" for that.
However if I make a 20 tick trade with a risk of only 2 ticks then I do.
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