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Tackle Today: Organization is Key Part 3 – Trading Journal

July 10, 2018

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Trading Journals are essential for any successful trader. Click on the image to purchase our Trading Journals Bundle at a special price.

Last update: August 2021

~ Are you making money? ~

This is Part 3 of the series “Organization is Key”, where we’ll be talking about the Trading Journal.

Access the entire 3-part series on Trading Business:

  1. Organization is Key Part 1 – Trading Business
  2. Organization is Key Part 2 – Business routine
  3. Organization is Key Part 3 – Trading Journal

A Trading Journal is not something superfluous. It is crucial. It is where you’ll log, break and analyze all your data so you can see if your system’s making money over time, which, should be your ultimate goal as a trader.

This is the bare minimum amount of data we suggest you keep track of:

  • Entry and exit date;
  • Entry and exit price;
  • Total amount invested;
  • Credit received/Amount paid;
  • Margin held/Max loss;
  • Profits/Losses;
  • ROI;
  • Equity Curve chart (Profits/Losses vs. Time).

No need for fancy spreadsheets. The few shared by the coaches are a wonderful starting point. Take the one you most identify yourself with and input your data. Develop something you’re comfortable using every day. Get rid of the bottlenecks and continue with the same solution. You may go through this cycle a couple of times.

Don’t be timid in creating custom solutions when needed. Everything you do aiming organization, efficiency, and tranquility in your business, is a valid effort.

Suddenly you will notice you are not tweaking the spreadsheets that much. At a certain point, your routine will feel like a car gliding on a fast lane on fifth gear: smooth.

Chart of the Day: Portfolio Design – Current vs. Ideal Allocation

Chart of the Day: Portfolio Design - Current vs. Ideal Allocation

Keep it simple: one of the first things you can do as a trader is designing your portfolio. Group the strategies you feel most confident in trading and define the ideal capital allocation for each one. The chart above—a fictitious example—compares the current capital allocation against the ideal one inside the four major groups of strategies for that particular trader. This is a simple chart you can easily develop from the spreadsheets made available by the Coaches at Tackle Trading.

Video of the day: Tackle Trading Trade Journal

Coach Tim walks you through the importance and how to use the Tackle Trading Trade Journal.

Tackle Trading Resources on Journaling

Continue learning about this powerful trading tool: the Trade Journals. Tackle Trading has all the resources you need to MASTER them like a PRO. From the Trade Journals themselves to free articles and tutorial videos on how to make the most out of them, we got you covered!

Trade Journaling for Beginners [Free Articles]

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