You SHOULD Journal Your Trades!


How to Journal Your Trades on TradingView

“All right, this morning on Zoom we were talking about using TradingView as a way to help track your trades and why you track them, especially if you’ve requested a trade journal inside of our group. So, I’m going to show you how I would do it after a little bit of playing around. Because I used to do this all the time, but now if I was going to play around and be a little pickier about how to do it, how to make it even better, here’s what I kind of came up with.

So, I would use this tool and draw out this trade I took this morning. So, this would be off of a one-minute backside. So, I would draw that level in there. Then, I would use this callout tool. Okay, and on the callout tool, if you click on the line, it’ll bring up this box. Okay, and then you can move this box wherever you’d want. So, I’m going to move it over here where it’s kind of out of the way.

On my stream deck, I have programmed where when I press a button, it pastes these labels here for me. And then I simply go to the top and go, ‘Okay.’ And actually, I prefer to edit inside of here. So, it was a one-minute backside, was a con entry short, trend I’m going to say RTH. It was with the trend. What was my size? One mes. Result? One tick. Any additional notes? Held at one tick for a larger move that never developed.

So, on my background, I have it selected to the second one. I have it at 100%. I like having the border on it, and I click ‘wrap text’. That way, when I size this, it stays the same size. It automatically wraps my text for me. If I don’t have that clicked, it does that. I prefer to have it wrap text and at a certain size.

So now, this callout box is linked to this point. Let’s talk about another trade I took. So, I took this trade right here. I took that short. So, let’s draw on the text box. Let’s go here, let’s slide you somewhere over here, and I want to edit inside of here. Let me press my stream deck button. So, this was a one-minute backside. With the TR, was it with the trend? I’m just going to say yes. Size? One mes. Result? One tick. And it’s the same reason, held for a larger move that never developed. Okay, cool.

Now, let’s say that you forgot you took the short up here. You didn’t mark it, so you just move this down here. It’s still anchored to this point. Now, let’s throw this on here, and let’s just say for a second this was a 30-minute level. Okay, let’s say it was a 30-minute ladder point.

So, we come in here, I mark this, this, I slide you over here. I want to edit inside of this. Press this button. We’re going to put this as a 30-minute break level. Trend at that moment, it was counter. Size? One mes. Result? I don’t know. Looks like it could have been five points. Extremely counter, small size, type management.

Okay, now this is just an idea of what you could have here. Then, you could even have in here, ‘What was my grade on this trade?’ Okay, and give yourself a grade on it. Well, you went counter, there’s no way it’s an A trade. Maybe you grade yourself a B on that.

So, you can do whatever you want in here. Now, let’s go. Let’s do this. So, let’s take all these levels, all these trades. Let’s put them in a folder. Let’s call it ‘Trades.’ Let’s turn it off. And now, let’s say you’re at your end of the day three-minute chart, and you’re going to mark off your levels or you want to post it inside of your trade journal. Well, you just come in here and turn this back on. All the lines are there, and all your notes are anchored to the point.

You might have to massage these a little bit, move them around where you would want them. And there you go. I think this makes an amazing way to record your trades as you take the trades. I encourage you to take the trade, when you exit it, you go ahead and do this. Draw your line, add your notes, put it in the folder. And then later, at the end of the day, you can turn it back on.

Do it while the reason is fresh. I don’t really care how many points you make on a trade. I care more about the reasoning and was I with trend, was I counter trend, did I mark the level properly. And then, at the end of the day, when you do your three-minute end of the day chart, how many of your trades line up with the end of the day chart? It’s another way to grade yourself on how well you did today. It’s not always about points; it’s about perfect execution of your trade plan.”