Welcome to the Ultimate Trading Journal guide, brought to you by Afnan Tajuddin from MarketUpToDate.com. This step-by-step tutorial will walk you through the features and functionalities of this powerful trading tool, designed to help you track and analyze your trades like a professional. The best part? It’s absolutely free!
Why Use the Ultimate Trading Journal?
Keeping a detailed trading journal is crucial for any trader looking to refine their strategy and improve performance. The Ultimate Trading Journal by Market Up to Date offers features you won’t find in other trading journals, including automatic calculations, live price updates, and a comprehensive performance summary.
Getting Started with the Ultimate Trading Journal
To get started, simply click on the link below to access the journal:
Ultimate Trading Journal By Afnan Tajuddin – Marketup2date.com
Making a Copy of the Google Sheet
Once you’ve accessed the Google Sheet, you’ll need to make a personal copy to start using it. Follow these simple steps:
- Go to the top-left corner of the sheet.
- Click on ‘File.’
- Select ‘Make a copy.’
This will create your own version of the sheet that you can customize and edit.
Navigating the Tabs in the Trading Journal
The Ultimate Trading Journal is organized into five tabs, each serving a unique purpose. Let’s dive into each one.
Tab 1: How to Use
The first tab, ‘How to Use’, is your go-to guide for understanding how to navigate and utilize the journal. Anytime you’re unsure about a feature, refer back to this tab for detailed instructions.
Tab 2: Transaction
The ‘Transaction’ tab is the heart of the Ultimate Trading Journal. This is the only tab you’ll need to edit, as it’s where you’ll enter all your trade details.
Entering Your Initial Deposit
- Start by entering your initial deposit in the first row.
- In the ‘Transaction Sr. No’ column, enter ‘1.’
- Fill in the deposit date and the amount in the ‘Withdrawal/Deposit’ column.
Adding Trade Details
For each trade:
- Enter the exchange name in the ‘Exchange (Google Finance)’ column. Make sure to check Google Finance for the correct exchange and ticker name.
- Enter the ticker symbol in the ‘Ticker Name’ column.
- Fill in the quantity, entry price, and stop loss.
If you’re trailing your stop loss, enter the updated SL in the ‘Trailing SL’ column. Otherwise, leave it blank.
Recording Exits
You can record up to three partial exits in the Ultimate Trading Journal:
- Enter the exit date, quantity exited, and exit price in the corresponding columns.
- If exiting the entire position at once, just fill in the details in the Exit 1 columns.
The sheet will automatically calculate the rest.
Additional Deposits and Withdrawals
- Enter any additional deposits or withdrawals in the appropriate columns.
- Note: Withdrawals should be entered as negative numbers.
Using the Remarks Column
- Use the ‘Remarks’ column to add any notes about the trade, such as a link to a TradingView chart or personal comments.
Tab 3: All Details
The ‘All Details’ tab provides an in-depth analysis of your trades. This tab automatically calculates:
- Stop Loss Percentage and Position Sizing
- Detailed exit analysis, including partial exits
- PNL with and without charges
- ROI, Risk-to-Reward Ratio, and Open Risk
These calculations are tailored specifically for the Indian market, with charges adjusted for discount brokers like Zerodha, Dhan, and Fyers.
Tab 4: Open Trades
The ‘Open Trades’ tab pulls live data from Google Finance, allowing you to monitor your open positions in real-time. This tab shows:
- Live Price Updates
- Unrealized PNL and Today’s PNL Changes
- Open Risk and Percentage of Capital at Risk
Ensure that you’ve entered the exchange name and ticker symbol correctly in the Transaction tab for accurate live data.
Tab 5: Summary
The final tab, ‘Summary’, gives you a comprehensive overview of your trading performance. The summary is broken down by month and year, providing insights into:
- Capital Deployed and Account Value
- Exposure in Trades and Realized PNL
- Win Rate, number of trades completed, and their outcomes
- ROI and Average Risk-to-Reward Ratio (ARR)
This section also allows you to filter trades and ARR to analyze performance across different periods.
Watch the Tutorial Video
For a visual walkthrough, watch the detailed tutorial video below. This video will guide you step-by-step through the entire process of setting up and using the Ultimate Trading Journal.
Conclusion
The Ultimate Trading Journal by Market Up to Date is your all-in-one solution to track, analyze, and improve your trading performance. With its user-friendly interface and powerful features, this tool is designed to make your trading journey more efficient and profitable.
Remember, the only tab you need to edit is the Transaction tab—everything else updates automatically based on the data you input.
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Happy trading!
Brilliant work and thanks for sharing this