Fetch the data
Why Your Trade Records Have Become Only a Memo of Results
It’s just a household budget. A results memo that doesn’t lead to improvement.
You’re keeping trade records. That in itself is wonderful. But review those records. Are you merely listing “wins/losses,” “profit and loss amount,” “entry time”?
If so, thenit is not a record, but merely a memo of results. Recording only the results does not lead to improvement. Because a results memo omits the most essential information: “why it happened.”
The purpose of trade records is not to grasp the profits and losses.It is to improve the next trade. To do so, what is needed is not the results, but the “process” that led to those results.
Reasons Why Result Memos Are Not Useful
What can you learn from a record like “Win +5000 yen”? Not much. Unless you know why you won, what evidence you used to enter, and whether that judgment was correct—you cannot reproduce that win.
The same goes for losses. A record like “Loss −3000 yen” alone does not reveal why you lost. Did you break the rules, lose correctly, where should you improve? A results memo reveals nothing.
Results memosonly record the past and have no power to change the future. Merely staring at numbers won’t improve trading by even a millimeter.