Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Do Or Die

Trading Journals- Some Information And Downloads

Recommended Posts

Hi,

 

For starters, keeping a proper trading journal can take your trading to a whole new level. Most traders tend to come up with a set of trading rules that, if followed, will be profitable. The problems occur that the trader is often not clear about all facets of his trading methodology and is unable to look at scenarios with probabilities. What follows is rules are not executed properly, which is the majority of the time for many traders. By journaling, you can go back and see exactly which trades worked, and which failed. Then, out of those that worked, how many followed your rules? etc.

 

Once you become profitable (recognize your edge), the journal can take you to the next level; determining which of the setups or which trading rule is working best for you, and which is working the worst. Basically you can use the journal to maximize the productivity of your work (research, analysis and execution).

 

  • Looking at your journal is like looking in a mirror- it lets you know where you stand.
  • It lets you perceive better patterns and recognize your trading edge
  • Recognize the skills you have and that you lack
  • There’s no one who can tell that your mistakes are dumb or your strategy is biased
  • Your charts and instruments talk to you and you alone
  • Helps in organizing your research. No new indicators, charts or methods. You work calmly (and consistently) on one method and if it is proved wrong only then you shift to something new.
  • Helps you make a business sense of trading. You become conscious to minimize trading costs and maximize productivity.
  • Helps you shift towards the internal locus of control

 

Basic Trading Template: Click Here to Download

A simple yet clear diary to note down your trades- could be used for your first trading journal.

 

Master Trading Template: Click Here to Download

It can be used for Stocks, Options and Futures. It graphs the essential metrics like how you risk/reward is improving per 25-trade interval. It also reports other metrics like win/loss ratio and profitable trade average.

 

The good part is that you do not have to buy these spreadsheets. The better part is that you can customize them to include other important metrics like Profit Factor, Alpha, Expectancy, Productivity Ratio and so on.

 

icon12.gif

DD

Share this post


Link to post
Share on other sites

Great trading spreadsheet. I am running into one problem which I can't figure out how to resolve. I trade the ZB futures contract which is valued at $1,000 per point or $31.25 per tick. Each point has 32 ticks. Any thoughts on how to incorporate ZB trading into the spreadsheet?

 

Thanks.

Share this post


Link to post
Share on other sites

@gilpv - I created a trading journal a while back that I used to spread bet and share trade which I think would allow you to trade the futures contracts you refer to. It's a bigger file than the limit here. I posted a video many moons ago of me demo'ing the software (god knows why I was wearing a hat inside....) - Take a look

and let me know - I can email it you to if it'll help.

 

Cheers

Dan

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • VCYT Veracyte stock, watch for an ascending triangle breakout at https://stockconsultant.com/?VCYT
    • TGI Triumph stock, watch for a narrow range breakout at https://stockconsultant.com/?TGI
    • GRMN Garmin stock, watch for a top of range breakout above 220.91 at https://stockconsultant.com/?GRMN
    • CORT Corcept Therapeutics stock, watch for a top of range breakout at https://stockconsultant.com/?CORT
    • Date: 29th January 2025.   Market Recap: Treasury Yields Rise as Tech Stocks Rebound.   Asia & European Sessions: Markets had largely recovered from Monday’s selloff triggered by fears over AI competition from China’s DeepSeek. Dip buyers took advantage of the NASDAQ’s sharp decline, leading to a rebound of 2.03%, which erased much of Monday’s 3.07% drop. The S&P500 climbed 0.92% after shedding 1.46% the previous day, while the Dow inched up 0.31%. Asian stocks and European equity futures increased following Wall Street’s tech-driven recovery. Japanese, Australian, and Indian markets saw gains, though many regional exchanges remained closed for Lunar New Year celebrations. Nvidia regained nearly half of its 17% plunge, which had marked the largest single-day market cap loss in history. As investor anxiety eased, the VIX volatility index dropped 8.66% to 16.35, after briefly touching 21 on Monday. Positive earnings from Visa, Royal Caribbean, and Boeing helped lift sentiment, though JetBlue and General Motors disappointed. Market attention is now turning to the Federal Reserve’s interest rate decision and earnings reports from major tech firms. The Fed is universally expected to leave rates unchanged at a 4.375% mid-range, taking a pause after three consecutive easings totalling -100 bps since the jumbo -50 bps in September. The resilient economy and still sticky inflation do not give the Fed room to credibly continue with its policy course. And we do not expect any surprises from Chair Powell's press conference where he should stress the economy remains solid, with risks to inflation and employment generally in balance. Upcoming earnings: Microsoft, Tesla, Meta, IBM, ASML, ADP and Apple on Thursday.   Financial Markets Performance: USOIL rose 0.97% to $73.50 per barrel, while gold climbed 0.88% to $2,764 per ounce. Aussie weakened, while 3-year bond yields dropped 5 bps on expectations of monetary easing. Australia’s core inflation cooled more than expected in the Q4 2024, prompting speculation that the RBA may soon pivot to rate cuts. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.