The Ultimate Guide to Trading Journals: FAQs and Insights on MFE, MAE, and BSO

Understanding Trading Journals

A trading journal is an invaluable tool for traders seeking to enhance their performance and profitability in the financial markets. It provides a systematic way to track trades, analyze patterns, and improve strategies over time. But what exactly should a trader include in their journal? In this article, we will explore the key components, answer frequently asked questions, and delve into essential metrics like Maximum Favorable Excursion (MFE), Maximum Adverse Excursion (MAE), and Break-even Stop Order (BSO).