Here’s a clear, practical guide to the most effective trading journal methods used by professional and consistently profitable traders (retail & prop alike). I’ve ranked them from simplest to most advanced.
1. Basic Spreadsheet Journal (Most Popular)Tools: Google Sheets, Excel, Notion tableCore Columns (minimum viable):- Date & Time (entry + exit)
- Ticker / Pair
- Direction (Long/Short)
- Entry Price
- Exit Price
- Position Size (contracts, shares, $ risk)
- Stop-Loss Price
- Take-Profit Price(s)
- R-Ratio (Reward : Risk)
- P/L in $ and in R
- Setup Name (e.g., Breakout, Pullback, ORB, VWAP reclaim)
- Market Condition (trending, range-bound, news event)
- Screenshot? (Yes/No or link)
- Mistake Tag (optional: overtrading, revenge, FOMO, moving stop, etc.)
- Emotional State (1–10 scale or tags: calm, tilted, greedy, fearful)
- Take 2–4 screenshots per trade
- Pre-entry (mark your exact setup + levels)
- Entry moment
- Management (if you scaled or moved stop)
- Exit
- Annotate directly on the images (arrows, text, zones)
- Write 2–4 sentences:
“What I saw → Why I took it → What actually happened → What I learned”
- Win rate by setup, by session (Asia/London/NY), by day of week
- Average R win vs average R loss
- Expectancy, profit factor, Sharpe ratio
- Most common mistake tags
- Performance when you traded >3 trades/day vs <3
- Trade of the day (best and worst)
- Did I follow my plan 100% today? (Yes/No + explanation)
- What emotion drove any rule break?
- One thing I will do tomorrow to improve discipline
- Gratitude or mindset affirmation
- TradesViz or TraderVue for auto-import and analytics
- Notion or Google Sheets for custom fields and weekly reviews
- Annotated screenshots stored in Notion gallery or TraderSync
- Short daily voice note (30–60 sec) on phone summarizing the day (many traders swear this beats typing for emotional honesty)
- What was my best setup this week/month? Why?
- What setup lost the most money? Do I still believe in it?
- Did I overtrade any day? Why?
- Average R-win vs average R-loss this period
- Did I move stops or targets emotionally?
- Win rate when I risked >1% vs ≤1%
- Any correlation between sleep/exercise and P/L?
- Top 3 mistakes repeated
- One new rule or filter I will add
- Equity curve screenshot + comments
- Obsidian + plugins (free, amazing linking between trades)
- TradeZella (very popular with futures & crypto traders)
- Journalytix (AI now reads your journal and points out behavioral patterns)
- Voice-to-text journals via Otter.ai or phone notes
Once you’re serious, move to TraderVue/Tradervue + Notion + weekly review.
The traders who review rigorously and actually change behavior based on data are the ones who graduate from −50% per year to +50% per year.Which market do you trade (stocks, options, futures, forex, crypto)? I can give you a ready-made template tailored exactly to it.
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