Instantly switch between 20 different trading accounts to stay on top of your progress. Easy methods like broker sync, file upload, or even manual trade adds. Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master’s in personal financial planning at the College for Financial Planning.
Using a trading journal in Excel gives you full control and a ton of functionality by building a spreadsheet from scratch or downloading a free spreadsheet template from the web. I was looking for a solution to journal my trades on multiple platforms to keep track of my PNL. I stumbled upon TradesViz and I have nothing but positive to say about their service. Not only does their product make it so easy to see how you are doing on your trades with the various graphs and filtering options, getting your account synced is super intuitive. Every time I have asked a question, they have responded within a few hours with a solution, and sometimes that involved programming custom solutions for me to make my life easier. Thanks, @MightySoldiers for turning me on to @tradesviz.
Top 10 automated & AI-powered trading journals to master prop firms in 2025
However, the platform is held back by its outdated design, which can make navigation and usability less intuitive. While a free plan is available, the full version is relatively expensive, and users may find restrictions on the number of trading accounts limiting. TradesViz can be a decent choice for traders exploring journaling, but its design and cost structure may not meet the expectations of more advanced or active users. A well-maintained trading journal is a tool for improving trading performance. Tradervue offers a comprehensive, user-friendly solution that goes beyond basic spreadsheet templates. With its automated data import, advanced analytics, and customizable features, Tradervue can help you gain best trade journals insights into your trading and make informed decisions.
TraderSync Journal Features
Our free version provides access to a broad range of features that will significantly improve your trading experience. For additional advanced features and capabilities, you can upgrade to our premium subscription. This material should be viewed as a solicitation for entering into a derivatives transaction.
- While a free plan is available, the full version is relatively expensive, and users may find restrictions on the number of trading accounts limiting.
- Its interface is simplistic, aiding in swift trade additions.
- Notably, the app offers auto import, but this requires a hop onto their web version for initial connection.
- It’s often easy for traders to move from one trade to the next without analyzing each one to justify their trading decisions and confront mistakes.
- If the name didn’t already give it away, the Forex Book is designed for one purpose, and that’s for journaling all of your Forex trades.
- Each day we have several live streamers showing you the ropes, and talking the community though the action.
An automated trading journal is meant to be a place where traders can record all of their trading data. It provides traders with an easy way to analyze their trading experiences and to improve on them. Trading journals are useful for helping traders identify their mistakes and to learn from them, therefore refining trading strategies over time. It’s all about having the information you need to analyze what you’ve done right and wrong so you can become a more successful trader. Trading journals are an important tool for traders of all levels as they can help to track individual performance and measure progress over time. A trading journal provides you with a comprehensive overview of your trades, from the entry price to the exit price and everything in between.
How to review your trading journal?
- For this guide, we analyzed each stock journal in exactly the way we would use our own journal, looking for the features that would best set a trader up for success.
- If you are raising funds, investors will be more keen on Alpha-based strategies.
- All financial markets inherently come with unpredictability and risks.
- Struggling traders do not trust their trading system and don´t know what to expect from their trades.
- Connect your personal, investor and prop accounts- archive them when you’re done and retain the data.
- A trading journal encourages disciplined trading and creates better trading habits.
Our calendar feature visualizes green from red days, along with the strategies and mistakes taken on those respective dates. No two traders are alike and that is why the Edgewonk trading journal is fully customizable. Through validating your trading performance and reliving your trades, you gain a deep understanding of your trading, helping you trade with more clarity and purpose. Identifying situations where you could have realized bigger trades can help traders improve their approach. EdgeWonk and TraderSync are the good solutions for traders who want powerful trade analytics features at their fingertips. Trademetria has a robust user interface but only comes with delayed quotes.
Chartlog can also automatically sync with a couple of brokers, which makes journaling a breeze. While there aren’t as many features as on TraderSync, the crisp user interface and ease of use make Chartlog a viable option, provided you only want to import stock, ETFs, and options trades. A trading journal is a simple yet effective tool that can be used by all types of traders, no matter what trading instruments they use to track their trades and emotions.
TRADING STOCKS IN THE BULLISH BEARS COMMUNITY
The user interface is pretty straightforward, and while a few sections might be a tad cumbersome for mobile, it largely delivers a solid user experience. Notably, the app offers auto import, but this requires a hop onto their web version for initial connection. The fact is that Swift Journal comes out on top in terms of its main features.
Additionally, you can set up automated alerts and reminders. These can help you stay consistent with your journaling practice and prompt you to review your trades at regular intervals. This level of customization ensures that Tradervue can meet the needs of any trader, regardless of their trading style or experience level. Tradervue offers more than a basic trading journal template. With a free Tradervue account, you gain access to a comprehensive trading journal solution that goes beyond simple spreadsheet-based templates like those found in Google Sheets or Notion. UltraTrader offers both free and premium subscription plans.
What is the 50% rule in trading?
The fifty percent principle states that when a stock or other asset begins to fall after a period of rapid gains, it will lose at least 50% of its most recent gains before the price begins advancing again.
There’s a learning curve but once you get past that your trading will surely be taken to the next level. For every query, you will get an advanced table + chart (linked) to visualize data in tabular + chart format. Easily share your trades to get feedback from your trading mentor or friend. Gain key insights in your trading behaviors by digging deeper into over 50+ reports.
You can add custom fields to track aspects of your trading that are important to you. This might include notes on market sentiment, specific news events, or personal factors affecting your trading decisions. Tradervue’s trading journal template is designed to simplify the process of keeping a detailed trading log. It automatically calculates key metrics, saving you time and reducing the risk of calculation errors. This allows you to focus on analysis rather than data entry and computation. A trading journal encourages disciplined trading and creates better trading habits.
Remember, trading involves risk, and there are no guarantees of future performance. However, by consistently using a trading journal like Tradervue, you can develop a better understanding of your trading patterns, refine your strategies, and work towards becoming a more successful trader. A trading journal is a crucial tool for anyone who wants to achieve greater success in the volatile environment of trading. It not only acts as a detailed record of trades — that traders can use to analyze strategies and outcomes — but also helps improve discipline, rationality, and emotional balance. All financial markets inherently come with unpredictability and risks. A trading journal is a pivotal tool that helps traders to navigate the unpredictability and risks, especially in the most turbulent markets, such as futures.
Edgewonk visualizes mindset-related behavior and shows traders exactly when they are most likely to lose money and how much emotional trading is costing them. A major problem many traders face is that their winning trades are not big enough. This is due to a fear of letting winning trades run and struggling traders close their winners too soon. Most traders can trade well for a few weeks, or even months, but then give back all their profits on just a few trades. Edgewonk´s milestone feature gamifies your journaling experience.
What are the types of trade journals?
Trade journals might also include editorials, letters to the editor, photo essays, and advertisements that target members of the profession. Examples of trade journals include Police Chief, Education Digest, Energy Weekly News, Aviation Week and Space Technology, Engineering News Record, Design News, and Traffic World.