Do you keep a trading journal? Tim Bohen is talking about the importance of keeping a trade journal that meets all 5 of these criteria!
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The Ticker - First and foremost, make sure you’re writing down the ticker for the stock you’re trading. When you’re reviewing these trades, you want to make sure you know which company you’re taking notes on.
Position Size - Always be aware of your position size. Some traders perform worse with larger position sizes, and vice-versa. The best way to find out is to track it.
Profit and Loss - Tim Bohen marks his profits in black pen and losses in red pen to make it easier to flip back through his trading journal and find what trades were successful, and which were not.
Thesis - Note your reasons for trading a specific stock. This is the meat of your trading journal. You need to digest the news and the chart pattern. What is the overall market doing? Put that in your notes so when the trade does or doesn't work, you can close the loop on that thesis.
Trade Plan - This is the MOST important part of a trading journal. Jot down your plan, profit goal, as well as your stop loss. It’s so easy to get carried away with emotions in the stock market, but writing down a plan and sticking to it is a great way to save yourself in the markets.

#StocksToTrade #TradingJournal #TraderTips
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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By Stock Chat

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21 thoughts on “The 5 criteria you should have in your trading journal”
  1. Avataaar/Circle Created with python_avatars AI HUSO says:

    I dont know how you have time to write all this down before you enter a trade as you said the ticker move so fast if im gonna write it down the ticker gonna move without me

  2. Avataaar/Circle Created with python_avatars Greg McLean says:

    Yes. Though I haven't started trading yet, I took the time to setup "Notion" with a database of the five criteria. What I like about Notion is I can have a database and notes area to add comments (i.e. Thesis, plan, lessons learned (or AAR courtesy of David Goggins). I plan to also upload videos and screenshots of the actual trade. I plan to start with paper trading and track that first. I'm old too (56)!

  3. Avataaar/Circle Created with python_avatars Roger Drolet says:

    I am learning how to use Evernote and watching your other videos for journals.

  4. Avataaar/Circle Created with python_avatars Joseph Balliro says:

    I put my trades into a journal and put the %gain/loss

  5. Avataaar/Circle Created with python_avatars Christopher Longstreet says:

    Yes – forming one tonight. Thanks!

  6. Avataaar/Circle Created with python_avatars L N says:

    yes. i trade options. I got a free journal for free, as part of my paid service in (options). At first i was confused. now i put my trades. when i bought and when i sell. um, many have expired worthless. I guess i don't follow instructions, but i like the red pen, and the i will use a blue or blue green pen for money i earned.
    money used to be blue green, they later changed it to green. i just check mark. sharpie pen, too heavy. instead of red, i use pink, and a blue green, or green for earned.

  7. Avataaar/Circle Created with python_avatars Big Al says:

    Yes I do. That's a must!

  8. Avataaar/Circle Created with python_avatars Chris Lee says:

    Yes

  9. Avataaar/Circle Created with python_avatars Sundance says:

    Thank you, Tim, good to reaffirm what I've been doing, though I'll definitely need to optimize and organize everything!

  10. Avataaar/Circle Created with python_avatars sd win says:

    Yes Tim, I used some of them. But from now I will use all of these 5 criteria. Thank you for this best and useful advices.

  11. Avataaar/Circle Created with python_avatars razzy p says:

    Yes.

  12. Avataaar/Circle Created with python_avatars MY WORLD ON VIDEO says:

    No. Up until now that is. Maybe It would benefit my trading to do so.

  13. Avataaar/Circle Created with python_avatars James Sharpe says:

    What are your thoughts on trailing stop losses?

  14. Avataaar/Circle Created with python_avatars Kelly Smith says:

    yes. can i buy a stt trade journal

  15. Avataaar/Circle Created with python_avatars Kofivi says:

    Thanks to technology you Don’t need a journal. Everything is already tracked. That’s some old shyt 😂😂😂

  16. Avataaar/Circle Created with python_avatars Bobby Dulin says:

    I do, and now i see I need to track with more detail… Enjoy learning from you…will start this tomorrow. 4-25-19.. Thanks

  17. Avataaar/Circle Created with python_avatars World Shaper says:

    Yes I am. And cookies to reward me for folowing my plan.

  18. Avataaar/Circle Created with python_avatars Carlos Mondragon says:

    I will not sink with the ship

  19. Avataaar/Circle Created with python_avatars Armando David Bravo says:

    Yes I do! 2 months doing that. Thanks Tim!

  20. Avataaar/Circle Created with python_avatars StocksToTrade says:

    Do you use a trade journal? Leave a yes or a no below, I'd like to know how many of you are applying this and actually keeping track of your trades as you make them!

  21. Avataaar/Circle Created with python_avatars Barry Wixson says:

    Yes (recent habit)

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