Tracking your trading performance is essential for several reasons. Firstly, it allows you to evaluate the effectiveness of your trading strategies and identify areas for improvement. By analyzing your past trades, you can pinpoint what's working well and what's not, helping you refine your approach over time. Additionally, tracking performance helps you maintain discipline and accountability in your trading, as you have concrete data to assess your progress and adherence to your trading plan. It also helps you manage risk more effectively by identifying patterns of behavior that may lead to losses. Overall, tracking your trading performance is crucial for becoming a more successful and consistent trader.
