Have peace of mind knowing your data is fully backed up and secured. The more you use your trading journal, the more TraderSync can help sharpen your trading edge. Our trading journal software identifies patterns in your trading and reports them back to you. You can use these patterns to help you determine what is working and not for you. Most of our trading losses coming from a set of trading mistakes.
Once you have analyzed the patterns to identify which trading mistakes are making you lose money, you can focus on ensuring you avoid them on your next trading day. Start recording your trades with TraderSync and let our powerful journaling show you the path to minimize your mistakes. Forget trying to interpret hundreds of spreadsheets of stock trading data. Replace those spreadsheets with our easy to use reports to understand your trading behavior quickly. Evaluate your current and future setup performances. Take the right direction based on your trading patterns.
Easily import your trades whether it is for Stocks, Options, Forex, Futures and Futures Options in just a few seconds. No, most brokers fail to provide us with all the account adjustments for TraderSync to properly match the account balance.
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For example, ThinkorSwim most of the time do not report on commissions. Your trades are safely stored on the cloud with Amazon Servers. Data is backed up in multiple regions to guarantee the availability of your information at all times. Click on this link to view our library to help you get the most of the trading journal.
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Additionally, you can cancel at any time. Step 1 Journal Your Trades. Step 2 Identify Your Patterns. Step 3 Boost Your Performance. Trading Journal Start recording your trades with TraderSync and let our powerful journaling show you the path to minimize your mistakes. Sometimes I forget why I took a trade and what indicators or whatever it was I was looking at.
That would be a great thing in MT4, then every trade could have things like that to look back at. The last two weeks my trades have gone wrong, not like they used to do most of the time. Could be a good thing. Hey Rayner, you have helped me a lot these past few days..
Forex Market Support Continues on Record Day
Because up to now I hardly ever do a pre-trade plan or post-trade analysis. I only do the middle bit that is:. Your videos on YouTube and your emails have fuelled my passion for trading the markets, so thanks a lot. I know that one day i will help other traders and help them battle the big guns in the market with precision. Take care! Thank You Rayner. I use One Note, and Excel to keep tract of my trading. I like how you discuss about before, during and after those concepts are very important. Once again Thank You Rayner. Thanks for the precision and clarity; Am sure I am well guided.
Why You Need A Trading Journal
I fall in love with Trend Following, and your article help me to build my trading Journal with more precision. I suppose it would be difficult to keep a trade journal, if you use a scalping strategy. As you could be in and out of trades within minutes. Capturing screenshots of the trade and reasons would become time consuming if you are doing a large number of trades a day e. I scalp or trade 1 min chart off looking at longer term charts. So I would suggest that before trading you can note down how feeling and what you thing the charts are telling you.
Then take your stats from the trade record. If have a great trade take a screen shot and if are struggling take a screen shot and step back to see what doing wrong. Then start the process again. I do press ups as well to break the chain if had a few losing trades. This approach has been helping my consistency a lot and have doubled my accounts during lockdown, which has been a welcome turnaround. Keep up your great and helpful posts.
Thanks for the trading journal idea. Hey Rayner, what app do you use in jotting down your trades? I have a question rayner. In the sample charts above that you showed why would you put your stop loss so far away? I mean you just made 0. Is my logic correct or am I missing something? I think I get it now. One must take into account also the win rate to see the complete picture. The 0. In that case, it would be very risky.
I trail my stop loss and let the market decides how much it wants to give me. Hi Rather, my journaling technique is still evolving as is my trading plan. Sometimes a buy on a 5 minute chart looks a sell on the hour etc. At the trade I note which indicators have contributed to me making the trade pattern, Macd, oscillator etc.
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Good article,I am option scalper so how do I manage my general because I trade to trades daily thanks in advance. At last, you nailed it Rayner! Most traders are really guilty of this. You are actually God sent to people like me. I think I would just wish you the return of your goodness in multiple folds. I also promised to work on creating a trading journal as analyzed by you. Thank you and God Bless. Thanks Rayner for ur guidence … also do watch ur yourtube videos … and it is very helpfull… and thanks for the Price Action Guide.
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Thanks for your article, Rayner. Thanks so much for sharing this information with us. I must start keeping a trading journal. Though the market can be likened to a mad whose actions are highly unpredictable but I guess you suggestions will go a long way in helping me maintain consistency and most importantly reviewing the trades I made in the past. And I read about write down treading journal in book The daily treading coach by Brett.
N Steenbarger. Doing trading from last couple of yrs. Tried to track my trades but failed to keep track of my trades consistently. I will definitely try to work on my trading journal in which at first I will analyze the trend first, then record the trades according to my setups like support — resistance breakout, scalping, etc. Then I will keep times frames and trade time, PnL and remarks. Also I will try to record charts before n after the trades. Thank you for explaining in details. You are genius man…I had bought a diary and was thinking what to write in it but after reading this article now I know how yo use trading journal for better results…thanks alot…keep doing this good work.
Thanks a lot Rayner. A trading journal is an effective mirror in terms of data and feedback. I use the Trade Journal on StockTrader. It is free. You just give like always.. Thanks bro.. Hi Rayner, Thanks for this explaination.