Trading psychology and a decision journal

Separate process from outcome

One profitable virtual trade does not validate a strategy; one loss does not invalidate a disciplined process. Define what information was available at the decision time. Avoid hindsight labels that would not have been observable then. Record uncertainty as well as confidence.

Recognize common biases

Loss aversion can encourage delayed exits, recency bias can overweight the last few outcomes, and confirmation bias can select only supportive charts. A written checklist can expose these patterns. It cannot eliminate uncertainty. A planned pause after a risk rejection is more useful than repeated submissions.

Review safely

Use notes to record rationale, expected risk and rule adherence without including passwords, personal identifiers or confidential information. Review a group of trades using the same criteria. LEGION statistics are simulated and exclude many real execution frictions; they are learning feedback, not a claim about future performance.

Practice exercise

Write a three-step pre-order checklist, one condition for pausing practice and one process metric that does not depend on profit.

Open trading terminal (requires a customer account). Compare illustrative indicators.