Best Trading Journals 6 Best Choices for Traders

Mistakes can make a potentially profitable strategy unprofitable. Customizable and comprehensive reports for your trading journal. Powerful data visualization and multiple portfolios. AntSignals allows you to identify your mistakes https://xcritical.com/ and improve as a trader. Keep in mind a trading journal is a deciding factor of whether you’ll be a consistently profitable trader. Find your edge, start a trading journal today, and improve your trading day by day.

Make notes about your trades, and review them later. Enter them during the trading day, or wait until later – you get to decide for yourself how much you want to do during the trading day. Make notes about the trading day as a whole, even for days you didn’t make any trades. The Journal View conveniently groups trades and related notes by day. Tag your trades with any tags you want; later, you can filter your trades by these tags to drill down to just what you’re looking for.

How and Why You Should be Keeping a Trading Journal

I wish I had TradesViz when I started to trade ten years ago. It provides everything you need to maximize your wins and minimize your losses. With auto/real-time imports, cut down your journaling time spent by over 40% so that you can focus on the analysis. Powerful journaling that allows you to take notes, tag trades, and understand how you are performing overall. The online journals are fine for top level stats, but good to have my all my accounts in one place with one set of data and information.

Trademetria is very basic as far as what data is tracked and what you can analyze; however, it does include real-time quote data with paid subscriptions. This allows Trademetria to effectively serve as a watch list as well as a trading journal. Arguably, that’s what your online stockbroker is for, but nonetheless it is a unique feature.

Stock

You can also add screenshots from your trading platform and take notes on the go with mobile apps for iOS and Android devices. TraderSync is a cloud-based trading journal software available on desktop and on mobile through their trading journal app on both the Apple App Store and Google Play. Experience a range of the platform’s features during a free 7-day trial, including intraday charting, trade-specific analytics, the ability to share trades, performance reporting, and more.

Share your challenges with your fellow traders and keep yourself accountable. How you are wasting money due to poor risk management. Built to replicate the real trading experience as close as possible with buttons to automatically scale in, out and flatten your positions.

Analyze

By recording your trades which you can later review to improve your trading activity by learning from both your successful and not-so-successful trades. They force me to think through why I am entering and exiting positions and they eliminate excuses. It’s sort of like dieting and keeping a calorie count. When I’m making money, keeping a journal is a pleasure. When I’m losing on what seems like every trade, my journal will let me know loud and clear.

An optimization module runs future simulations so you can visualize possible ranges of factors like account drawdown and profitability. In addition, Edgewonk enables you to keep multiple journals, so you can have different datasets for each of your trading accounts. TraderSync offers exceptional analysis tools, with 10 built-in report types and many ways to filter your trade data based on date, ticker, performance, setup, and more.

Optimize your trading performance

Perhaps one of those observations will turn into an edge one day. Use the helpful risk/reward calculator, add entry and exit comments, and see profits and % gain immediately. You can also import all of your trades from your broker using our broker import tool.

• I use Dropbox and organize trades by ticker and date, e.g., “AAPL ”.
• These actions are best done in spreadsheets and the best known and used spreadsheet software is Microsoft Excel.
• Mistake tracking is one of the more underused, yet very powerful variables.
• Creating and consistently using a trading journal is the essential way to keep track of your stock trades.
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Some journals are limited to only a few supported platforms, but the best journals can be used with multiple trading platforms concurrently for maximum efficiency. In terms of raw analytics, comparison, and filtering capabilities, there is no match for TradesViz. They have templates for almost every broker and if it’s not there, their support team is only 1 email or message away and will work with you to include your broker on their platform. By far the best support I have gotten from any trading journal as they are open to feedback and feature requests and are very active on their chat for any questions.

Fine-tune your trading strategy

TraderVue offers a wide range of reports to analyze your trading performance over time. TraderVue also has a built-in community so you can share your trade data and learn from others. trading journal software Importantly, a trading journal should do more than simply record trades’ entry and exit points and performance, as most brokerage platforms keep track of these details for you.

Develop the right strategy

You can keep those records manually, but the technique is time-consuming and lacks automated statistical and analytical tools. That is why most traders prefer ready-made solutions. Even though there are some ‘must-have’ factors in your data, you should consider detailing in your trade journal definition.