How To Journal Your Trades 2024

Introduction

This tutorial will guide you through the process of journaling your trades using a Notion template. Keeping a trading journal is essential for analyzing your performance, learning from your trades, and improving your strategies. By the end of this guide, you'll be equipped to effectively utilize Notion for tracking your trading activities and insights.

Step 1: Download and Set Up Notion

• Download the Notion app on your device. It is available for iOS, Android, and web browsers.
• Create an account if you don’t have one already.
• After setting up your account, locate the trading journal template link provided in the video description.

Step 2: Duplicate the Template

• Click the template link but do not open it directly in the app.
• Instead, choose to duplicate the template. This is crucial as it saves the template to your account, allowing you to customize and use it for your trading journal.

Step 3: Explore the Trade Management Section

• Navigate to the trade management folder within the template.
• Familiarize yourself with its components:
  • Technical Analysis: Outline your trading model and the process for identifying setups.
  • Risk Management: Document your risk management strategies to ensure a comprehensive trading plan.
  • Trade Knowledge: Use this space to jot down keynotes from videos, books, or other educational resources.

Step 4: Record Journal Entries

• Access the trading journal section of the template.
• To create a journal entry:
  • Click the plus button on the desired date.
  • Select the entry categories that apply to your trade.
  • Customize your journal by adding or removing categories as needed.

Step 5: Share Journal Entries (Optional)

• If you wish to share your journal entries with others:
  • Adjust the sharing settings before clicking the share button.
  • Ensure that "Allow editing" and "Allow duplicate as template" are turned off. This prevents others from modifying your entries, protecting your data.

Step 6: Utilize Calendar and Table Views

• The journal features different views:
  • Calendar View: Visualize your trading activity over time.
  • Table View: This is preferred for tracking progress and identifying areas for improvement. It allows you to see your trades, win rates, and risk metrics.
• You can also switch to a board view or gallery view based on your preference.

Step 7: Conduct Monthly Assessments

• Use the monthly assessments section to review your trading performance.
• Organize your assessments into quarterly intervals (e.g., Q1 for January to March).
• Document insights about your performance to recognize strengths and areas needing improvement.

Conclusion

By following these steps, you can effectively journal your trades in Notion, leading to better analysis and improved trading strategies. Remember to regularly update your journal and reflect on your performance. This practice not only helps in tracking your progress but also enhances your trading acumen over time. Happy trading!