How to Use a Trading Journal Dashboard
A trading journal dashboard provides a structured way to review historical trades. Instead of looking at individual trades separately, a dashboard can summarize important statistics such as the number of trades, winning trades, losing trades, win rate and net profit or loss.
The EZTradingHub Trade Journal Dashboard is designed to work with trade information recorded through the EZTradingHub trading journal. It can help organize historical performance information for educational review.
Review Your Win Rate
Win rate represents the percentage of recorded trades that were profitable. A higher win rate does not automatically mean that a trading strategy is profitable, because the size of winning and losing trades also matters.
Review Average Wins and Losses
Comparing average winning trades with average losing trades can provide additional context when reviewing historical performance. Two trading approaches can have similar win rates while producing very different results because their average win and average loss sizes differ.
Study Trading Streaks
Winning and losing streaks can help traders examine the sequence of their historical results. Streak information should be interpreted carefully because a historical sequence does not guarantee that the same sequence will occur again.
Review Your Best and Worst Trading Days
Looking at daily results can help organize a performance review. Traders may choose to examine whether certain market conditions, sessions, instruments or strategies appeared frequently on their strongest or weakest days.
Why Keep a Trading Journal?
A trading journal creates a record of the decisions and results associated with individual trades. Useful journal information can include the instrument, direction, entry, exit, stop loss, target, position size, profit or loss, strategy and notes about trading psychology.