New-year trading plans: what do you set, and what do you skip?
January brings resolutions and reset plans: new journals, new strategies, new targets. The useful versions are small and measurable; the common versions are ambitious and abandoned by February.
What's your approach?
- the goals or rules you set for the year
- how you make them measurable
- the resolution you actually kept
The journal guide turns resolutions into trackable numbers.
Background: How to keep a trading journal that actually improves your trading
A journal turns a pile of trades into evidence. What to record, the numbers worth calculating and a weekly review routine that takes less than an hour.
What should a trading journal include?
For each trade: the pair, direction, size, entry, stop, target, risk, the reason for the trade, how you felt, the result in money and in R, whether you followed your plan, and chart screenshots.
How do I calculate expectancy?
Multiply your win rate by your average win, then subtract your loss rate multiplied by your average loss. Measured in R, a positive result means the approach has made money per trade on average.
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