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Trade Journal
FundamentalsA detailed record of every trade including entries, exits, position sizes, reasoning, emotional state, and outcomes. Reviewing a trade journal is the primary method for identifying mistakes and improving performance.
Related Terms
Trading Strategy
A documented set of rules defining how to find setups, enter positions, manage risk, and exit trades.
Pre-Trade Checklist
A systematic list of criteria that must be satisfied before entering any trade.
Expectancy
A measure of the average amount you can expect to win or lose per trade: (Win Rate x Avg Win) - (Loss Rate x Avg Loss).