True! Keeping track of your trading performance is essential to grow, otherwise how will you know where you are lacking?
One of the most powerful strategies to improve your over-trading habit is to keep track of your daily performance. When you start keeping track of your mistakes, you'll be less likely to repeat them and will be able to develop your own trading strategy.
overtrading comes from emotions , generally we the traders when making losses fall a great trouble , in that time we try to recover losses by trading more and more , this habit called over trading . one of the worst trading habit from all. i hate this. as a beginner i did huge losses by means of this.
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Maintaining a trading journal is very important for tracking the progress of a trader. No matter what medium you use, the previous trading data should be easily accessible.
Without tracking your performance then you cant see if you are making a consistent profit each month which is one of the goal for all trader. Trading is long term and consistency is the key.