Keeping track of your trading performance is essential as it helps in figuring out what is working and not. If you do this consistently, then you can become a better trader.
To be able to self assess one’s trade practice and performance, I think it’s better to review statistics after every trade.
Keeping track of your own performance and seeing the growth is a motivation and a lesson to learn from your own mistakes.
In trading if you keep a track of your performance, you can point out many loopholes that may be the reason of your loss. So you can make out your mistakes and see where you went wrong!
That’s true, You can keep a trading journal software to keep a track of your trades as it helps to boost your trading performance.I’ve read in many articles that professional traders always monitor their trading performance which, according to me was a crucial step to determine their success.
Tracking your trading performance is an excellent way to keep track of your losses and profits and plan your next steps accordingly.