The Importance of Trading Journals for Algorithmic Trading

Hello everyone,

As I develop my algorithmic trading bot focused on Nasdaq futures, I recognize the importance of maintaining a trading journal. Trading journals are powerful tools that can significantly enhance my trading performance by allowing me to track my own trades, analyze my strategies, and learn from my successes and mistakes.

I’m interested in how others in this community use trading journals. Do you maintain a journal for your trades? What specific elements do you track, and how has it helped you improve your trading strategies, especially when dealing with order flow and Level 2 data?

Additionally, if you have any tips on effectively setting up a trading journal or resources that could assist in this process, please share! Your experiences and insights will be invaluable as I continue to refine my approach to trading.

Thank you for your contributions!