It supports multiple brokers, instruments, what-if analysis, and includes a position sizing tool as well.By clicking the consent button, you agree to allow the site to use, collect andor store cookies.I accept Deny cookies Go Back Price Action Trading Course Trading Setups Topics Price Action Trading Day Trading Trader Development Site Map TSR Trading Guides Resources Udemy Trading Course Trading Books Trading Indicators Forex Tester 4 NinjaTrader Kinetick Member Login Trading Setups Review Trading Strategies, Guides, and Articles for Active Technical Traders You are here: Home Trading Articles Top Trading Journal Software For Recording Your Trades Top Trading Journal Software For Recording Your Trades By Galen Woods in Trading Articles on July 20, 2018 Traders are great at disagreeing.They disagree on everything from trading strategies to ways of measuring profitability.
But theres one thing that all successful traders agree on, and that is maintaining a trading journal that records your trades. Why You Need A Trading Journal Selwyn Gishen wrote a succinct article over at Investopedia on why you need a trading journal. Best Day Trading Software How To Choose YourIt boils down to: Getting an idea of your historical performance Giving you a basis for your future trades Evaluating and fine-tuning your trading system Recognizing the need to change any destructive trading behavior How To Choose Your Trading Journal Software You might be a pen and paper person. But as you accumulate trade data, it becomes unfeasible to analyze them on paper. When choosing your trading journal software, you need to consider the following: Trading Instruments (Stocks Futures Forex or multiple instruments) Brokerage (You can save time if your brokerage records are compatible with your software.) Trading Style (Trading horizon, frequency, objectives, etc.) Regardless of your trading configuration, you will always face a trade-off between convenience and ease of customization. Below, Ive organized the top trading journal software into three sections. Dedicated Trading Journal Software General Purpose Software As Trading Journals Screen Recording For Recording Intraday Trading 1: Dedicated Trading Journal Software Specialized software packages that are well-suited for your trading needs are ideal. You can import your data and start analyzing them immediately. However, you will find them inflexible once your needs change. TradeBench TradeBench helps you calculate your position size and manage your risk. It comes with a dashboard and charts to help you visualize your progress. If youre looking for a basic no-frills solution, check out TradeBench. More details here. ![]() Best Day Trading Software Manual Data EntryIt is ideal for anyone that uses their supported brokers and want to avoid manual data entry. You can create your tagging system so that you can filter your trades by any attributes. Options traders will also find Trading Diary Pro helpful as it recognizes various options strategy. Best Day Trading Software Upgrade Fee OfNote that theres an upgrade fee of 49 per year after the first year. Trademetria Like Trading Diary Pro, Trademetria offers an import function for selected brokers. On top of that, it has all the essential trade journal functions like metrics dashboard and filtering. Trading Journal Spreadsheet Trading Journal Spreadsheet offers an intuitive and powerful trade journal tool.
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