My first journal was a book! I prefer books to e-books, so it seemed like a logical choice for me.
At that time I was trading a lot, and I had trouble keeping up with all the trades. In the end I switched to journaling in a MS Word document. That too, became too time consuming for me. Now, I just have a excel spreadsheet.
If I need to look at my mistakes, my broker provides trading history. Also, I mark all my trades with different colored arrows.
@samewise how do you like it so far? Were you journaling before? What format were you using?
I journal by hand, my journal is simple and I also like to physically write down my results about live trades. I used to journal backtesting by hand as well but in the last 1-2 months I switched to google sheets because it’s quicker than hand. I might write down the results of a whole strategy on paper if I find it more convenient and easier to analyze but I input individual trades on the google sheet.
Date, time, if it was a win or a loss and I have the rest of the line to note if something was different or maybe something I think is worth noting. Usually there is not a lot to note there so the line stays empty and only date, time, win-loss is written down.
I keep both a hand written journal and an excel spreadsheet, the excel journal is for my trading stats and charts, while the hand written one is for my psychology and planning (like my normal life journal)
I actually just bought one to see what it was all about. I have my journal here that I write on. Entries, SL, outcome of win or loss. I’ll write about anytime I check-in or change a SL.
In the start I did a lot of revenge trading, but I think I’m better at that now, so that reflection like what @Mondeoman mentioned above.
Maybe I could put more market analysis in there, but I mainly trade technical and just look at the calendar and DXY to see what the dollar is doing.
Journaling is work!
This journal is pretty cool. There’s a weekly and monthly review for 3 months and then like 70 single pages for individual trades. there’s also a place to write out your trading plan, strategy for SL and TP, and specifics about entering and exiting a trade. Like what needs to be happening.
I’ll see if writing makes it any more easier or difficult than just keeping the “journal” I have now.
Anybody care to share their Google sheet or excel sheet? Always interest to see what others use. There’s a couple here already.
My document format wasn’t accepted; I had to screenshot it. This is what I used to use.
I would also put a picture of the trade.
A yellow arrow for where I entered, a pink arrow for where I should have entered, blue for where I’d like to enter but won’t take the trade because of doubt, and red for the trade that got stopped out.
I think it’s good for your system to be completely personalized. I have made up words for different candles. haha. I only use doji in my notes. I don’t call any candles a hammer or morning star. It’s only for me, so why bother trying to remember the TA names?
Cool, yea that looks pretty like standard stuff. I think with like a spreadsheet maybe you could even make check boxes that help you reason out why you entered a trade.
Like confirmed trend in daily, 4hr and 1 hr TFs. Or Elon Musk said so. Ha! Or bounce off zone or something like. That would be easier to read and identify trends in other trades later on and not having to read just a big paragraph of text you know.
Is that a TV picture?
Yea for sure. Do what works for you and makes life easy!
Coo man! How is the break even % calculated? I think I should get into a spreadsheet. Looking at these example and then my paper book, I’m wondering how lazy I will be to calculate the weekly and monthly stats.
If you input 0 on P/L it counts as a breakeven and it then calculates what % of trades are breakeven compared to win/loss %.
The google sheet I downloaded had one more version with a more detailed journal which calculates a bunch of stats for you, but I don’t use it since I don’t need so many details. The trades are not real and are for demonstration. The journal is free.
Absolutely, I screen shot all my trades with analyse on the screen so I can look back. Just copy the screenshot url from trading view and store all the links in an excel doc
I like this. A screenshot makes it a lot easier to understand your notes about a particular trade.
When you want to review your trade, you don’t have to go back to your chart and recreate your trade. You don’t have to dig in your trading history for the exact entry and exit.
Nope. Just take an extra couple minutes to screenshot it, and the work is already done when you want to review it.
I see, hear, understand, and appreciate this business of journalling one’s trades. Screenshotting every trade and all the rest of it sounds nice but try to picture me doing this when I am doing up to 30 trades per day?
For the record I dont even think there is a way of doing a sensible backtest on the way I trade.
I have not been successful at trading forex except for 2 years ago when I had a small profit for the year. I started keeping a more in-depth analysis of all my trades. I print a Word document with why I got into a trade, comments on the trade development and how/why the trade closed, plus a screenshot print-out. I have only been doing this since January 1st, 2023, and so far, it has not helped. Before I was keeping track of trades, but not in a detailed manner. I have read where this is important to do so I am giving it a try.
Hi there, I am new to forex trading using EA,s.
I have created my own spreadsheet in IOS which has data from a live bot and its duplicate demo along side it, takes me 2 minutes a day to fill in and I can see the whole month at a glance, I can also use it to plan ahead for changing of lot sizes etc, perfect for a beginner, ofc myfxbook is the Daddy which I also use.
PM me if you want a demo of it. Happy to jump on a zoom to show it you and then send it over if its of use
I keep a separate trade log (on gsheet) and journal (on notion)
On the trade log I try to put every information about the position ( date, time, market,S/L,SETUP, Location, Momentum, Structure Timeframe, Entry Price, Stop Loss, RR, Position size, Chart entry link, Stop Set?, Target set? W/L, P/L $, Portfolio evolution,Chart exit link,Mistakes) and have the purpouse of getting some statistics (ordering, filtering and further processing cells data)
The journal is more verbal, I put my emotions and what I learned or noticed on the market day by day
