Learn
What a trading record measures
9 plain explanations of the terms a trading journal is built on — what each one means, how it is computed from a book of trades, and where it stops being useful. Each links to the calculator that computes it.
Foundations
What the record is, and the unit it is measured in.
Metrics
The numbers a journal computes, and what each one leaves out.
The metrics a trading journal computesWhat do all these trading statistics actually measure?MAE and MFE: how far a trade ran before it closedWhat are MAE and MFE, and what do they tell me that my P&L does not?Drawdown: the four things the word meansWhat is drawdown, and why does my number not match the one my platform shows?
Practice
Keeping a record that is still useful months later.
Reviewing a period of tradesHow do people actually review their trades, and what are they looking at?Tagging trades: setups, mistakes and why the labels matterHow should I tag my trades so the tags are actually useful later?Getting trades out of a broker and into a journalHow do I get my trades from my broker into a journal without wrecking the data?
Prop firms
How firm rules are defined and measured.
Looking for how a feature works rather than what a term means? That is the Help Center. Looking to run the numbers? The free calculators →
Keep the record it all comes from
None of these measurements exist without a complete book of trades. A free account gives you somewhere to keep one.