The #1 reason traders fail is due to lack of experience. The best way to speed up your learning curve is to keep meticulous records using a trading journal.
The big problem with traders is that they rely on a strategy to follow. What they don’t know is that while strategy accounts for 10% of their performance, their psychology counts for 60%.
a Trading Journal is nothing more than a log of transactions but an effective Trading Journal can help one evaluate and educate themselves on trading.