Trading Journal
Log of every position with analysis — foundation of improvement as a trader.
A trading journal is a structured record of every trade — date, instrument, entry reason, position size, stop-loss, target, result, and post-trade analysis.
Why trading journal is essential:
•Without records, improvement is impossible — you can't recognize mistakes
•Emotional trades remain "invisible" without documentation
•Statistics tell the truth: which setups work for you, which don't
•Identifies bad habits (trading outside plan, revenge trading)
What you record:
•Date and time
•Instrument (BTC/USDT perp)
•Direction (long/short)
•Entry price, SL, TP
•Entry reason (setup, chart screenshot)
•Result (R-multiple: +2R, -1R...)
•Emotions before and after
•Lesson
R-Multiple system:
•Risk = 1R (your stop-loss amount)
•+2R = earned 2× risk (good)
•-1R = lost 1× risk (stop hit)
•Goal: average win >2R, average loss <1R
Tools: Tradervue, Edgewonk, Notion template, Excel.