All language subtitles for How To Journal Your Trades Properly - Forex & Stock Trading - Phantom Trading

where they're able to attack it
and you know take five six

are a couple of different
templates. I have a monthly PNL

want to be You want to be
patient. That's really the main

Right? So that's how to use my
trade my trade journal. The

you can click on link to access
and duplicate my template here.

trades a day. It's not
something we recommend doing.

you know what you're doing
again as traders we really

watching and again if you guys
want to use this template

either join Phantom Trading
there's a link to join below or

market. It's it typically
doesn't work for I would say

a good day. But there are days
where you know maybe your

you know I was like you know
what I want to enter this again

one from this there's the
danger of it right like if I'm

other cool thing that I have in
here is as you can see there

dangerous thing about you know
trading that I don't think

we don't want to you know tell
you okay go take 10 trades a

some time is you can have these
sort of bad habits these

right what ended up happening I
took an L right now the

the whole month and for each
week. Anyways thanks again for

that reinforces bad behavior
right so we we just want to be

I'm feeling greedy I like I
want to make something today

Now is it possible to trade
that way well and consistently

goal and and well the main goal
is really capital preservation

people really realize until
they've been doing it for quite

as well as a weekly PNL kind of
tally for you know the month

plan at all or if I'm starting
to over trade. So if I'm

able to read the market in a
way you know at least early on

very careful of that but it's a
small you know little pro tip I

going to go and chase the
market and I'm rewarded for it

day. And expect some sort of
positive expectancy out of it.

consistently? Absolutely. But
you know again For most people

Right? We don't want to be you
know aggressively attacking the

right? And in order to do that
you need to be very patient.

90% of traders. It's very rare
that you have a trader that is

were but I took a break even
and then you know I was like I

want to give to you guys very
important that you're aware of

I can't spell today. Um didn't
get out too early. Pullbacks,

think it ended up running like
five R and then came back tap

negative impulsive behaviors be
positively rewarded so if I had

right? It's a common thing that
happens.

So I'll give you guys an
example. Um okay confident

deviate from my plan and I
don't even think that these

chasing like in the case of
this this Dowdron trades I I

date it for the days and I'll
write about you know what my

the market. Right? Um so I'll
give you guys an example of you

remember pretty well I it's
very rare that I'll like

know kind of a another thing
that I like to do is I'll put a

that stuff. Really you want to
assess yourself. It's it's very

little alert symbol if I am
starting to deviate from my

important to see you know how
you're actually engaging with

you're you're overtrading.
Right? You want to document all

trade with a hesitation. Um
managed. Oops.

Now for management and exit
this is where I essentially

have a written journal to go
alongside with it. So I'll just

for the day. Um and the other
thing that I like to do that is

actual position. Um and then
for notes this is where I'm

most most of the people in
Phantom we all use essentially

confidence is shaken or you're
hesitant to enter or maybe

want to put right? So you know
this is obviously on a good on

not necessary but I I
personally like doing it is I

Taking a picture of it and then
I will save that to my weekly.

will you know talk about if
I've taken partial TPs in this

essentially treating this
almost like a written journal.

all those things so there's my
daily again pressing control

shift that's to save it image
to my clipboard and then let's

that'll kind of reset the the
actual image. So there we go.

do weekly really quick another
quick tip you can hit altar and

the generic stuff that you have
in here that you're going to

And then you can just I mean
you can repeat it. Whatever you

case I took a hard TP for 10. 5
AR. Okay so this is just the

emotions are for that
particular day in that session.

and weekly right so I'm
going to just take pictures of

the same time frames four hour
15one1minute or LTF right daily

I'm talking about you know my
trade psychology for the entry

put about the trade and how you
you know manage your your

templates so I could change
this to you know 1 hour if I

wanted to and just get rid of
15 minute four hour whatever

don't do any good but for me
the way that I trade and the

they're very profitable you can
modify all of this like I

there's nothing wrong with that
I know traders who who trade

maybe just do the the one hour
and the four hour right and you

this maybe you don't use the 15
minute or you don't enter off

the higher time frames they
swing trade whatever and

showed you at the start of the
video by clicking on the little

right for each time frame and
again if you want to customize

example. So I'll just take a
picture of that. Obviously you

it out already so just kind of
put it in here put it in here

blue arrow and then the three
dots for each of the different

different hockeys here on the
top right if you click on the

Alternatively on Mac. I'm not
sure what the the hockey is. It

paste in all of my different
time frames. Again I've marked

that. Uh I see people do that
all the time. You know they'll

Then I'll press control shift S
to actually save the image.

might be command shift desk.
But you can always look at the

visualize it. Um and I'll show
you guys how I I document the

little camera icon on the top
right. So I'm then going to

mark it up as much as you need
to for it to make sense if you

annotate. Say you know entered
here. Just an as an example.

the the template because I
think that's a good way to

the one minute maybe you just
trade the one hour right

on whether you're incorporated
or not. That's a whole you know

want to annotate it. There's
absolutely nothing wrong with

that's with the 300 K account.
If you have 400K in funding

just make sure that's right.
Okay good. So that's with again

lesson or video for another
day. We won't go into taxes.

so I'll put it at 300 Actually
I'll leave it at 100, 000 for

Alternatively I that's
obviously on Windows.

same thing. Look. It's just as
easy as that to to that right

that converts to Canadian
dollars. Makes sense for me. So

But you know I'm just going to
leave this at 1. 26 because

trade now. So let's go over to
Euro dollar. Here is the trade

show you guys say you have
three funded accounts it's

higher than that will be a win.
And anything lower than that

really depends on the prop firm
so you would put basically the

just going to put this to the
the trade example I want to

straight US dollars. Right? Uh
you could even go as far as you

the time is either euros pounds
or or US dollars so for me I've

so much on the money if you'd
like to focus on the dollar

profit 30% gain you're
obviously risking 1, 300 per

take that off we'll take off
net profit I honestly just have

account principle this first
thing in the actual or sorry

your you know your base
currency is in your country

is the one I was looking for so
there you go you can actually

hour trade risking 1% would be
about 31, 000 now for me I also

done that if you want to remove
it it's fine this'll just be

pretty simple all you need to
is change this number here I

have this set that should be 0.
9 I have it set so that you

know there's like a theoretical
profit split because you're

Canadian I convert this to the
rough Canadian dollar

this first variable within the
actual formula so say you have

that's the percent gain sorry
take that off net profit this

versus the actual you know base
currency account which most of

profit split in here again if
it's 80%2. 8 if it's 92. 9 if

obviously as that account grows
it will be a little bit off

on the other hand if you say
have three funded accounts I'm

risking 1% you're essentially
risking $1, 000 right now

either making 80 to 90% of the
game the other you know, 10 to

know entering whatever taxes in
here. Now that really depends

trade it is going to be a
little bit off that's fine now

it's a personal account you can
just leave this at one or

conversion from US to Canadian
you can change this to whatever

20% is being given to the prop
firm and you know obviously it

what my strike rate is for the
last 30 trades for that sample

don't know why it's an exponent
but you can change this to you

little like equation symbol are
just automatically calculated

know whatever the account
principle is this is the

other thing that I've done here
is the only like data that I

from what it really is say you
have 130 or like $30, 000 in

$300, 000 in funding there you
go your net profit for a 10

remove this entirely but leave
it at. 9 and then because I'm

can click on and then you can
duplicate this template and

want to show you know the date
you can do it it just makes it

just so I can keep it keep
track of you know how I'm

You get slippage in the market.
Um you know would be minus two,

just automatically populates
based on you know where you

can name it whatever you want.
Really doesn't matter. Um and

of data usually I do like a
series of 30 trades and then

plan? Am I following the rules
within my plan? Right? That's

automatically calculated. So
any of these ones that have a

have it. So if I move this to
Friday the twenty-ninth you can

Right? So I'll just show you
guys how this one works. Um

trade the series and you know
again I've named it you. You

your percent risk depending on
how much you risk per trade

one right? Cuz you you don't
want to be risking you know

again if you want to use my
template join Phantom. Again

see here automatically updated
to Friday Friday the

very important. Are the trades
that I'm taking valid within my

say you wanted to show the the
outcome there you go there's

plan or are they invalid? Am I
forcing trades? Am I

do it I believe you can show
properties like so so say you

yourself you're welcome to do
it. It's using a calendar

different you know subheadings
for each of the time frames.

of our habits. And eliminate as
many variables as we can.

assess you know how I'm
performing in my within my

consistency in the market we
need to be consistent with all

putting it as twenty-three? You
guys don't need to do this but

should really ever it should
really only ever be negative

size of data so yeah things
like my strike rate my you know

have EUGUAU gold US 30 and S100
I also have a few of these

hesitating? You know all this
self reflection? It is you know

time frames that you enter on
you can essentially customize

templates that I have here. If
you ever want to you know

and again the reason I'm doing
that is because I just want to

Because then you're just taking
trades here and there. Not

here. So the trade I'm going to
show you is an EU trade. As you

unless you get slipped which
has happened to me too right?

the nice thing about this
template is a lot of these are

right? This is a percent of the
total equity of your account by

that just says stocks and you
can have like the particular

it'll be by default is as if
you have one funded prop firm

a calendar database. I have a
field in called date and it

twenty-ninth. And same with the
outcome as you put in you know

trade stocks you could have
just a a straight up template

based on the parameters that
you have set within it so we'll

this. So we'll we'll create a a
new template here. And all you

the market. Without that you
know we're really like we're

but should be minus one it'll
show up as a loss right and the

for all I carried. It works for
that. You just have to modify

really are flying blinded. It's
a little dangerous. Right?

a little bit you know messier
so I'll take off date risk but

account for 100K so you know
what it does is if you're

collection or essentially
collect you know sample sizes

it a little bit. Uh anyways
there's nothing wrong with

And I'm going to name this EU
dash twenty-three. So why am I

modify it. It's very simply you
click on this little blue arrow

can see I've clicked on it and
it'll load up all of the

the way. So the other nice
thing about this because it is

the outcome and you can show
the gain as well here right oh

way that we teach in Phantom or
maybe you trade a break and

never updated this so the way
that I have it and the way

amount or you want to add it in
here there's a way that you can

essentially driving a car with
our eyes closed. Right? We

Really doesn't matter. And you
can trade breakouts and stocks

performing for the week right
so show you guys how to do

this to whatever way you
want to customize it right now

because I trade primarily Forex
and the Invest sometimes gold I

actually show within here is
just my R I don't like to focus

need to do is click on one of
the templates in this list

and you'll be able to you know
enter in things like your R and

reward ratio. So if it's zero
it'll be break even. Anything

the reason I do it is because I
like to kind of keep a

strategy and my my trade plan
so we're on the twenty-3rd

loss, a break. Even you should
be documenting every single

there's going to be a link in
the description below that you

see like you know what you're
making or losing on each trade

that. I'll quickly show you
guys kind of the different

to some it's a lot of work.
Eventually you build the skill

really think it's an essential
skill to have. Without it you

whatever your R is your plus
Rs. This is just your risk to

database. So I kind of put this
together. It was originally

I'll kind of reset it every
time just to assess you know

my PNL like my net are my
profit factor things like that

really processing what's
happening. Right? If we want

put my own spin on it. Um so
again so why is it important to

other things including you know
weekly review my weekly PNO

retest strategy or even if you
trade fibs or Elliot Waves.

on the top right and you hit
these three dots and you can

want to have that feedback to
see okay am I sticking to my

actually edit the template so
if you trade you know say you

modify it to your liking. So
doesn't matter if you trade the

trade. Why? Because we need to
reflect on our engagements in

Black Watch's idea. So credit
to him. Uh kind of took it and

up and it becomes easier right?
As you practice it. Um but I

document our trades? Obviously
you know whether it's a win,

the way that I built it I mean
if you want to build it

tool is built on notion. Um
which is a very popular tool

member just go to the resources
and there's a link to it that

you can use to duplicate as a
template. Uh this particular

among traders for note taking
for documenting trades. Um and

stocks, Forex, or crypto. Uh I
mean this template I am

make it a available for
everybody. It is available for

free within the Phantom Trading
community. So if you're a

you take in the market. It
doesn't matter if you trade

you are a an aspiring trader or
you're a professional trader.

going to provide a link to it
in the description below. Uh to

is obviously a very important
part of trading especially if

Hey everyone Rob here from
Phantom Trading and today I'm

You should be documenting every
single one of your trades that

going to be showing you in this
short tutorial video how to

journal your trades. So pretty
simple video but you know this

Alright, take it easy everyone.
Talk to you soon. Bye.