Trading journals are easy to start but hard to keep.
This is why so many traders set them up, only to stop tracking their trades down the line.
And with the whole lineup of journal softwares, it just makes things worse.
It's easy to convince ourselves we need this new fancy tool to analyze our trades.
But so far all the trading journal softwares ended up letting me down.
Either it was too complicated or I didn't use 90% of the functions.
I got frustrated because I was often using tools that took a lot of time to setup… and even more to keep going.
No wonder so many traders give up journaling…
A trader & coach I know said in one of my interviews earlier:
“If you can't take the time & effort to keep a trading journal, I don't think you're ready to become a profitable trader.”
While this advice sounds good, it couldn't be further from the truth.
Why would you waste your valuable time entering trades in an Excel format or manually writing down the time & date of a trade you entered.
In my book, it's called working hard, but not smart.
To me, a trading journal should be as simple as possible.
While I'm happy to pay for something I'll use, I'm still using free tools, and it does the job!
I haven't yet to find a paid option better than what I use right now.
So how do I do it?
I use a mix of a platform called Trello:
And keep track of my stats on a website like MyFxBook or FxBlue.
I know it works for me, because it couldn't be simpler 🙂
But also I only do manual work when I need to – the rest is automated.
All I gotta do after a trade is copy/paste my trade screenshot, write a quick comment… and I'm done!
There's no entering the date & time, entry, stop loss, and take-profit prices, or anything of the sort.
Frankly, I have that data automatically but haven't used it for years!
So keeping it simple is definitely key for me.
But I also have a few advanced tricks up my sleeve.
And it turns out this Saturday we're having a live mastermind call for our Ultimate Prop Firm Trading students.
The topic we'll cover is “Journaling Turbocharged”.
My team of coaches will share some pretty cool techniques to stick to journaling your trades and make it super useful.
Some of these tips & tricks I couldn't live without!
So if you'd like to join us on this mastermind call (or watch the recording), get started on Ultimate Prop Firm Trading.
It's a program to help traders scale up to 6-7 figures in 6 months.
You can check out all the details at the page below:
Would be awesome to help you become a profitable trader in 2023!
Desire To Trade's Videos Of The Week:
- My Weekly Trade Review Process: this s a simple exercise I've give to a lot of traders before they became profitable. It worked really well for them.
- The Art of Profitable Full-Time Trading | Forex Trader Motivation: a compilation of traders' advice to keep you motivated & reach your goals.
- “Real Tips For Trading Forex Full-Time” – Jason Sen: Interview with an ex-institutional trader living in Thailand and making a living in the markets.
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Who is Etienne Crete? I help people quit their 9-5 jobs to scale up their trading & live on their terms.
Want my help? Check out all of the ways I can help you here.
Keep crushing it 💪 📈
~ Etienne Crete
When you're ready, here are 5 ways I can help you get profitable & scale up your trading…
1. Join my free Traders Community FB group.
Connect with other aspiring traders who are on the path to getting profitable and scaling up their trading – Click here
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If you're looking for more momentum, either to eventually quit your 9-5 job, or make trading worth your time, just reply to this email with “Prop Firm” in the subject line.
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If you'd like to work directly with me to get profitable, become a full-time trader, or stay consistent… just reply to this message and put “One-on-One” in the subject line… tell me a little about your trading and what you'd like to work on together, and I'll get you all the details.
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