Here are some suggestions for additional elements and fields that could make your journal more effective: Besides these main elements, a well-designed trading journal template should also include other significant elements. Here, you will add your profits and losses in currency you’re using on your account. This is the last field of your trade journal but it’s very important. Later on, you can use this field during your journal retrospectives to analyze whether you took too many risks, which caused you to lose trades. If you want to determine whether your position prices are in compliance with your risk management rules and requirements, you need to input the position size for all of the trades you take. These are important fields that include entry price, take-profit level, and stop-loss level. Some templates automatically add this field after you have uploaded your entries and exit prices. This element refers to a description of the financial instrument you have traded. ![]() You can download these trading journal template spreadsheets online. If you’re using an Excel spreadsheet, use the date and time columns to arrange or filter your entries to make it easier to find what you need. Each entry in the journal must include the date and time when you took the trade. Here are the main elements to include in your journal: Your journal entries can help you keep track of trading improvements, which makes it easier for you to analyze performance. Aside from the main elements, the journal should also include other relevant information. What to include in a trading journal template?Ī well-organized trading journal should include all of the necessary elements that describe the trade. ![]() For example, write down whether you missed a trade since you were busily doing something else.
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