You needn’t spend more money on a buying and selling journal if you have already got TradingView.
It can be utilized as an ideal visible buying and selling journal and it has a number of key advantages over different options.
This tutorial will present you the advantages and the best way to do it.
Benefits of Utilizing TradingView
The most important benefit of utilizing TradingView is you could see the earlier than and after charts of your trades.
That is extraordinarily useful as a result of a chart might look nice in hindsight, however can look quite a bit much less interesting when the commerce was first entered.
One other advantage of TradingView is that may retailer your whole charts in a single handy place you could entry from any laptop that has an web connection.
When you use one other methodology of journaling your trades, like Microsoft Phrase or one thing comparable, then it may be straightforward to lose these paperwork.
TradingView solves this drawback.
Create a Journal Entry (Step-By-Step)
The written directions are offered after the video.
Get a free trial to TradingView right here.
To create your first journal entry, open the chart of the image that you will commerce.
Add your favourite indicators and drawings. You’ll want to add something to the chart that’s a part of your evaluation since you’ll wish to see that data later.
It additionally helps to mark the revenue goal/cease loss on the chart, so it is simpler to see the outcomes of the commerce.
Doc this data earlier than you’re taking a commerce.
As soon as your chart is all arrange, click on the Publish button within the higher proper nook of the display.
From there, choose Publish Concept.
The following display is on your data solely, so don’t worry about filling it out “appropriately.”
Fill it out in a approach that is smart to you and can make it straightforward so that you can learn later.
Write in issues like:
- Why you took the commerce
- Your confidence within the commerce
- Any reservations you will have in regards to the commerce
- The rest you possibly can consider
When you’re executed, hit the Proceed button.
On the subsequent display, click on on Non-public on the Privateness settings. It will hold your journal entries personal in order that solely you possibly can see them.
You’ll be able to delete personal posts, so don’t be concerned about messing issues up.
Underneath Sort, choose Evaluation.
Then choose Lengthy or Brief below Funding Technique.
It is useful so as to add tags to your journal entry that will help you discover it later. I counsel utilizing the buying and selling technique as a tag.
That approach, you possibly can merely filter all the trades in your TradingView journal by merely clicking on the tag hyperlink in your profile.
Test the field on the backside of the window, then click on the Publish personal concept button.
That is it!
Reviewing Your Buying and selling Journal
To see your saved charts, go into your profile by clicking the icon within the higher left nook of the display, then go to Profile.
From there, you may see your whole journal entries.
Click on on one of many entries and you will see a chart.
That is the chart on the time that you just determined to take the commerce. Analyze the chart earlier than you progress on.
Then click on the Play button on the fitting aspect of the display to see how the commerce performed out.
Overview your whole trades repeatedly to watch how effectively you’re buying and selling and discover out if there’s any room for enchancment.
Conclusion
As you possibly can see, this function of TradingView is incredible for journaling trades as a result of you possibly can see the earlier than and after outcomes of all of your trades.
As well as, TradingView retains your whole journal entries in a single place, so you do not lose them.
If you need extra of my TradingView tutorials, go right here.
Get began with a free trial of TradingView right here.
