How to keep a trading journal that actually works

5 min read

A journal is not a notebook for jotting down wins and losses: it is the tool that turns experience into learning. Without data, your conclusions rely on memory, which always remembers the wins better.

What to record on every trade

Date, instrument, direction, entry, stop, target, size and the result in R and in money. Add the reason for entry (which setup it was), your emotional state and, if you can, a chart screenshot. The easier it is to record, the more consistent you will be.

The metrics that matter

Win rate, average R per trade, profit factor (gross profit ÷ gross loss) and maximum losing streak. A positive average R and a profit factor above 1 indicate a profitable strategy; the maximum losing streak tells you how much risk you need to be able to withstand.

How many trades you need

With fewer than 30 trades results are very noisy: a good or bad streak fools you. Evaluate your strategy with samples of at least 50 to 100 trades before changing anything important.

Tag your setups

If you trade several strategies, note which one you used on each trade. You will often discover that one setup generates almost all the profit and another loses it, and you can stop trading the second.

Do a weekly review

Spend 20 minutes each weekend reviewing your trades: did I follow my plan? Which mistakes repeat? Which day or hour performs best? Write down one single improvement for next week.

Our journal stores data only in your browser and lets you export it to CSV to analyze wherever you like.

Educational content, not financial advice. Risk disclosure

Related tool

Trading journalLog your trades and get statistics: win rate, profit factor and losing streak.

More guides