How To Journal Everyday For Trading

Summary

This video tutorial guides viewers on how to maintain a daily trading journal using Notion, emphasizing its importance for traders' growth. The host demonstrates creating a Notion template for market review, including sections for predictions, actual outcomes, and notes across different time frames. The video also covers a weekly review template and shows how to use these templates for ES and NQ trading, encouraging viewers to adapt the process to their trading needs.

Takeaways

• 📝 **Daily Journaling Importance**: The video emphasizes the significance of daily journaling in market trading, regardless of whether a trade is taken or not, to foster growth as a trader.
• 🛠️ **Building a Template in Notion**: The creator demonstrates how to construct a journaling template in Notion, which can be customized for different trading assets like ES and NQ.
• 📅 **Calendar and Table Views**: The template includes both calendar and table views, allowing for easy navigation and reference to past journal entries.
• 📑 **Template Customization**: The template is designed to be duplicated and customized for various trading assets, making it versatile for traders focusing on different markets.
• 🔑 **Key Elements of Journaling**: The script outlines the essential elements to include in a journal entry, such as predictions, actual outcomes, and notes.
• 📈 **Using Toggle Headings**: Toggle headings are used in the template to collapse and expand sections, aiding in the organization and readability of the journal.
• 🗓️ **Anticipating Market Movements**: The video illustrates how to predict and then compare these predictions with actual market movements to assess accuracy and learn from biases.
• 📊 **Incorporating Charts**: Visual aids like charts from TradingView are integrated into the journal to provide a more comprehensive analysis of market behavior.
• 📋 **Weekly Review Template**: A separate template is created for weekly reviews, which includes predictions and actual outcomes for the week, enhancing strategic planning.
• 🔗 **Link to Notion Template**: The video concludes with an offer to share the Notion template used, allowing viewers to implement similar journaling practices.

Q & A

What is the main purpose of journaling the market according to the video?

The main purpose of journaling the market is to track and reflect on one's trading activities, regardless of whether a trade is taken or not. It is considered essential for personal growth as a trader and to avoid stunting one's development in the trading field.

How does the video suggest using Notion for market journaling?

The video suggests creating a template in Notion to build a structured journaling system. It involves using tables, calendar views, and toggle headings to organize daily market reviews and weekly reviews, making it easier to track predictions, actual outcomes, and notes.

What are the different views suggested for journaling in Notion?

The video suggests using both a table view and a calendar view for journaling in Notion. The table view helps organize data in rows and columns, while the calendar view allows for easy navigation to specific days for journaling.

What is the significance of using toggle headings in the journaling template?

Toggle headings are used to expand or collapse sections of the journal entry, which helps in keeping the journal clean and organized. This feature allows the trader to focus on specific parts of the journal without being overwhelmed by the entire entry.

How does the video recommend preparing for the next day's trading?

The video recommends preparing for the next day's trading by making predictions about the market's direction and noting them down in the journal template the day before. This includes anticipating the next daily candle for the traded assets.

What is the role of 'predictions' and 'actual' sections in the journal?

The 'predictions' section is where the trader anticipates market movements for the next day, while the 'actual' section is for recording what actually happened in the market. This comparison helps the trader to assess the accuracy of their predictions and identify biases or areas for improvement.

Why does the video emphasize the importance of journaling even on days without trades?

Journaling on days without trades is emphasized because it helps traders maintain a consistent review of market conditions, which can improve their understanding of market behavior over time. It also aids in recognizing patterns and developing a better trading strategy.

What does the video suggest for documenting news relevant to trading?

The video suggests copying news from forexfactory.com and pasting it into a designated 'news' section in the journal. This helps traders to keep track of news events that might affect the market and consider their impact during their analysis.

How is the weekly review different from the daily journaling?

The weekly review focuses on a broader perspective of the market's performance over the week. It includes a weekly Forex Factory calendar, anticipations versus actual outcomes for the week, and a review of daily, 4-hour, and 1-hour charts, which are not typically part of daily journal entries.

What is the benefit of using images from TradingView in the journal?

Using images from TradingView in the journal allows the trader to visually document market conditions, such as support and resistance levels, order blocks, and significant price movements. This visual documentation aids in analyzing and understanding price action more effectively.

How does the video suggest traders use the journal for improving their trading?

The video suggests using the journal to hold oneself accountable, identify biases, and learn from past predictions versus actual market movements. It also encourages traders to reflect on their daily, hourly, and lower time frame charts to understand price action and improve trading decisions.

Outlines

00:00

📈 Introduction to Daily Market Journaling

The speaker emphasizes the importance of daily market journaling for traders, regardless of whether they take trades or not. They argue that journaling is crucial for personal growth as a trader. The video aims to demonstrate how to create a journal template in Notion and how to use it for daily entries. The speaker invites viewers to request a video on trade-specific journaling if interested and begins to create a blank template in Notion, labeling it as 'T trades market review'. They proceed to create a table view and add a date column, then switch to a calendar view for easier navigation. The template creation process is initiated with placeholders for date and tags, focusing on ESN NQ trading, and the speaker explains the rationale behind each template element.

05:01

📋 Creating a Journal Template in Notion

The video script details the process of creating a journal template in Notion. The speaker duplicates and customizes the template for different trading assets, such as ES and NQ, and explains the use of toggle headings to keep the journal entries organized. They show how to add callouts for notes and use a two-column layout for 'predictions' and 'actual' sections. Time frames like daily, hourly, 15-minute, and 5-minute charts are incorporated into the template. The speaker demonstrates duplicating the template for different assets and adjusting it for a weekly review, which includes a similar structure with predictions and actuals for different time frames.

10:03

🗓️ Utilizing the Journal Template for Daily and Weekly Reviews

The speaker shows how to use the created journal templates in Notion for daily and weekly reviews. They explain that the templates load automatically, saving time and ensuring consistency. The speaker then shares their personal journaling process, starting with copying news from forexfactory.com and adding it to the journal. They discuss the significance of the 'predictions' and 'actual' sections, explaining that they journal the day before to anticipate the next day's market movements. The speaker demonstrates how they fill out the daily, hourly, 15-minute, and 5-minute sections by copying charts from TradingView and pasting them into their journal in Notion, allowing them to compare their predictions with the actual market outcomes.

15:04

📊 Completing the Journal with Charts and Notes

The video script concludes with the speaker completing their journal entries by marking up charts and adding notes. They focus on the trading session between 8:30 and 12, detailing how they mark up the 5-minute chart and add significant market times (SMTs) to their journal. The speaker also discusses their approach to the weekly review, where they compare their predictions with the actual market performance and mark up the daily, 4-hour, and hourly charts. They explain the process of copying and pasting charts from TradingView into their Notion journal for a comprehensive review. The speaker provides a link to the Notion template in the video description for viewers who want to use it and encourages likes and subscriptions.

Keywords

💡Journal

In the video, 'Journal' refers to the practice of recording market activities, predictions, and reflections on trades. The speaker emphasizes the importance of journaling daily, even when no trades are made, as a tool for growth and accountability. This is integral to tracking one's trading decisions and market observations.

💡Template

The 'Template' is a structured format created in Notion, which the speaker uses to standardize the journaling process. The video shows how to create a journal entry template for market analysis and trade reviews, making it easier to consistently log daily and weekly activities. This ensures that each entry follows the same organized format, enabling better tracking of progress over time.

💡Notion

Notion is a digital workspace mentioned in the video as the platform where the journal templates are created. It provides the flexibility to build tables, calendars, and other tools to track market activities. The video demonstrates how to use Notion to manage daily and weekly trading logs, showing how it helps traders organize their insights and predictions.

💡Market Review

'Market Review' refers to the daily analysis of market conditions, whether or not trades are made. The speaker explains that it’s essential to journal market behavior, review predictions, and compare them to actual outcomes. The goal is to understand the market’s movement and refine the ability to anticipate future trends.

💡Predictions

The term 'Predictions' in the video refers to a trader's anticipations or hypotheses about how the market will behave during a specific trading session. The speaker uses predictions in their journal to document expected movements for different time frames (daily, hourly, etc.) and later compares them with the actual outcomes to assess accuracy and improve forecasting skills.

💡Actual

In contrast to 'Predictions,' 'Actual' represents the real market outcomes as observed during or after the trading session. The speaker highlights the importance of comparing the actual market behavior with earlier predictions, which helps in assessing one's market analysis accuracy and improving future trading decisions.

💡Time Frames

The video frequently refers to 'Time Frames' such as daily, hourly, 15-minute, and 5-minute charts. These time frames are used to analyze market trends at different levels of granularity. The speaker journals predictions and actual outcomes for each time frame to track short-term and long-term market movements, which helps refine their trading strategy.

💡Callouts

'Callouts' in the video refer to highlighted sections within the Notion journal template where key notes, observations, or important information are recorded. The speaker uses callouts to emphasize certain aspects of the market analysis, such as news from ForexFactory or key predictions for the day, to make these insights easily accessible.

💡Toggle Heading

'Toggle Heading' is a feature in Notion that the speaker uses to organize the journal entries. It allows for the information to be expanded or collapsed, which keeps the journal clean and minimizes clutter. The speaker uses this tool to organize sections of the journal, like predictions and actuals for different trading assets, making the journal easier to navigate.

💡ForexFactory

ForexFactory is a website the speaker uses to gather news about upcoming economic events that may impact the market. The speaker adds this information to their journal as a 'news' section, ensuring that they consider external factors when making predictions or reviewing trades. It's an essential tool for incorporating macroeconomic data into daily market reviews.

Highlights

Importance of journaling in trading regardless of taking trades or not

Introduction to building a journal template in Notion

Creating a table view and calendar view for journal entries

Adding a date and choosing a calendar view for journaling

Creating a template for journal entries to streamline the process

Focusing the template on ESN NQ trading

Using toggle headings to clean up journal entries

Setting up a two-column layout for predictions and actuals

Adding time frames: daily, hourly, 15-minute, and 5-minute

Duplicating the template for different assets like NQ

Creating a template for a weekly review in trading

Using the journal template to load entries quickly

Journaling process including copying news from forexfactory.com

Accountability through comparing predictions and actual outcomes

Using Trading View to mark up charts and paste into the journal

Detailing the process of journaling each day and week

Focusing on the time frame between 8:30 and 12 for trading

Building out the news section in the journal

Completing the journal with daily, hourly, M15, M5, and notes

Providing the Notion template link in the description

Transcripts

[Music]

how's it going everyone this video is

going to be over how I journal the

market every single day now I know many

people do Journal when they take trades

but I think it's important to journal

regardless of if you take a trade or not

and if you do not do this I think you're

doing a disservice to yourself and

stunting your growth as a Trader so in

this video I will be showing you how to

build this template in notion and then

how to journal in it and if you do want

a video on how to journal trades

specifically please leave a comment in

the comment section below and if there's

enough interest I will do that let's hop

into a blank notion template and I'll

show you guys how to do it before

hopping back into this template and

showing some examples so here we are in

notion and we have a blank page and I'll

go ahead and label this as T trades

market review Now with an empty page

I'll use the back SL command type in

table and choose table view I don't have

any data sources so I'll use a new

database and from here I'll just call it

a journal and then I'm going to want to

add in a

date now from here I'm just going to

adjust to put the date here and then I'm

going to click up here and choose

calendar now this will allow me to have

a calendar view and a table view so when

I'm journaling I can see which day or if

I want to go back to a certain day I can

refer back to that day now if I'm going

to journal for the day I could go in

here and start a new Journal however I

don't have any templates so let's go

ahead and create a template now that I'm

creating a template I'll just do this as

an entry entry leave the date and tags

empty for now because I'll fill those in

because this is a template this is going

to be focused for ESN NQ because that's

what I'm trading you can adjust this

however you want so the first thing I'm

going to do is put in a call out now I

will show you how I'm going to use this

later going to go ahead and duplicate

this once and then drag it over to the

other side and this will be for any

notes I have now right here I'm going to

use a toggle heading and I'll show you

why but going to fill this out for ES

first and make the template and then

I'll copy that so the first thing I Look

to do is I'll use a two column right

here and I'll make one as predictions

and then I'll go over to the second one

and I'll type out actual now moving down

going to add another

column and in this case I'll do four

columns and the time frames I focus on

are the daily

hour 15 minute and 5 minute so now that

I have my predictions actual daily hour

155 I'll just add one more call out in

case I have any notes that I want now

this is what I want it to look like for

ES and inq instead of having to retype

this all over I'm just going to go ahead

and duplicate this change this to NQ and

now you can see I have two of those and

I use the toggle headings because it

allows me to drop them down and clean up

this journal entry now if I'm going to

be trading another asset besides ESN

andq I'm going to go ahead and just

duplicate this and I'll just name it X

for now if I do have another asset that

I'm watching I'll go ahead and fill that

out so this is what my journal entry

will look like and my template so I can

go ahead and go back now and now when I

go to journal I can click in here and I

can choose my journal entry template and

it will automatically load in my

template I just created I don't have to

remake that every single day now before

we go in and I'll show you how I fill

this out we're going to make one more

template for a weekly review so going

back to here and hitting new template

we'll go ahead and make a weekly review

we're going to do a similar thing here

and so what I'll start out with is a

call out right here and then what I'll

right into is a

heading I'll use the toggle heading once

again and I'll choose yes then I'll do

two columns once again prediction

actual and then from here I want to add

in just a divider and then I'll use

three

columns now from here I'll put in my

Daily 4 Hour 1 hour now with this I'll

go ahead and once again duplicate

this change this to

NQ and duplicate it one more time and

leave that blank for any other asset I

was watching now that you can see how we

made these templates what I'll do is

I'll go back here and I'll show you one

more time how to use them I'll go ahead

and delete

it now if I'm going to add to my journal

let's say for the 15th or today I'll hit

add an item and then I can choose my

journal entry here and you can see how

it loads up my template right away and

then for my weekly review I will choose

weekly review and then it will load up

my template right away once again now if

you want to adjust this feel free to

adjust it however you want I'm just

showing you the process you can follow

to make this template so now let's hop

back into my personal journal and we'll

go ahead and journal today and the week

you guys can see how I do it so here we

are in my journal and you can see I

don't Journal Mondays because I never

trade Mondays so I don't see the need to

journal those but I do Journal Tuesday

Wednesday Thursday Friday now we'll hop

into my journal and I'll show you why we

put in the predictions and actual and

how I Journal so you can see here at the

start this top call out I actually go to

forexfactory.com I'll go ahead and copy

the news for the day and I'll put that

in this news section here and then if I

have any notes when I'm journaling or

notes throughout the day I'll put them

right here now why did I have the

predictions in actual well I start this

journal the day before so I started this

on Thursday night you can see if we pull

up this image you can see March 14th

this is where I journaled it and you can

see I'm anticipating the next daily

candle I give my predictions for the day

here on ES and NQ and then when I go in

journal I show what actually happened

this allows me to be accountable and

actually figure out if my bias is

correct or if it's wrong how I could fix

it to be on side for the day now I'll go

ahead and journal the day out and fill

out the daily hour 15 minute and 5

minute sections and we'll go ahead and

walk through that together so hopping

into trading view here what I'll do is

I'll hop into the daily chart for both

es and NQ you can see I already have the

drawings done for NQ here and what I'll

do is I'll go ahead and copies the image

to my clipboard and then I'll paste that

here for my actual you can see see I

have my predictions and my actual and

how that worked out and then I'll do

that for Es as well so I can use the up

Arrow key to switch between my watch

list I'll go ahead and add some markups

here I'll hit control shift s go back to

my journal and paste that there so you

can see both of my anticipations were

correct today however if they were wrong

I'd spend more time focusing and looking

at Price action to figure out how my

daily bias could be correct now I'll go

work through the daily daily hour and 5

a little more in depth we going back to

trading view here we can see that there

was an smt here as well so I'll go ahead

and Mark that out go ahead and hit

control shift s go back to my journal

and paste that in the daily section for

NQ now I'll do the same for ES Mark out

this smt go paste that in the daily

chart for ES so now down here on the

hourly chart I'll go ahead and look for

some smts we do have here and then I'll

go ahead and move into the individual

charts for me there's not a whole lot to

mark up in this section I can add some

projections in here which I did have

throughout the week I'll have those

marked out paste that in for the hourly

s to es and Es wasn't my main watch but

you can see retraced into this fair

value Gap here now I will Mark out this

projection from this high to this low

here go ahead and Mark that

and now the hourly is done for ES and NQ

going back to the charts going to pull

up the 15minute chart now with the

15minute chart I'm going to hop into NQ

here zoom in a little and then I'll go

ahead and Mark it up Mark out this order

block here and if I wanted to I can

project this High to this low then I'll

use my template to put the times on

there and then I will actually add in an

open high low close so I I can see the

daily Candle on the 15-minute chart you

can see this was the change in the state

of delivery with this reversal so with

that marked out I'll take it back to my

journal put it here then I'll go back to

es now es wasn't as clean took a minute

to catch up the series of up Clos

candles here blowes below and this is

actually an order block as well reaching

into a fair value Gap closing below with

that I'll add the Open high low close

baste it now I'll go back go down to the

5 minute chart now here we are on the 5

minute chart I know there's an smt here

won't forget that do I see any other

valuable smts I do not now I'm going to

mark up the 5 minute chart as I had it

marked up for the open you can see have

this fair value Gap here series of up

Clos candles into that not trying to

catch the lowrisk cell here before 8:30

what does 830 do reaches back up and to

this old Dy here then displaces and

closes below the series of up closed

candles here and this candle into the

series of up Clos candles here at the

8:30 opening price closes below this is

a propulsion block right and then we

have 930 open down

here so this is mainly what I want to

focus on as this is the session I am

trading so from here I will just add in

this smt

here

go back to my journal put that in the 5

minute section go back once again go to

es and from here I'll look for similar

things right you can see this place

lower once again the same bissy is being

used old buying new

selling we reach up there the series of

up closed

candles Crea an order

block and another order block off that

and then we're continuing

lower here we have an smt at section 4

yes which you can see I messed up so I

can just drag the nq1

there 5 minute one for ES here you can

see now my journal is mostly complete

what I will then go do is take any notes

or write out what I see on each daily

hourly M15 and 5 minute charts and if I

see any lower time frame charts I want

to see I'll throw them down there low

now I won't do this right now but I hope

you can see how I use my predictions

actual and then I Journal each day so I

can get used to seeing what the price

action looks like each day during my

session now you might be wondering why

don't I really care for this price

action I only look to take trades

between 8:30 and 12 so this is the time

frame that I'm going to be looking to

chart the lower time frames I'm not

caring for much outside of that now

before I forget I will go up here to

news build this out as so and that will

just show up in my journal now if I go

back to my journal here now if I click

into my weekly profile and review here

you can see I have the weekly Forex

Factory calendar right here and then I

have my anticipations for ES and NQ now

let's hop into the charts and see if

those were correct or wrong so here we

are with NQ and you can see that that

anticipation was correct so let's copy

and paste it and put it in

here now going over to es here you can

see we did not reach that previous

week's low was not technically correct

but I did get the direction of the

candle correct it is the stronger index

so it does make sense now what I'll do

is I'll drop into the daily 4-Hour and

hour charts and Mark those up now here

on ES there isn't anything super

interesting to me we did respect the

consequent encroachment of this Wick and

then we have a little three drives

pattern here before continuing lower

then I'll go ahead and do the daily

chart for NQ so you may notice I have

done the daily chart about three times

or on every journal and that's just how

I do it because the majority of my

analysis or my narrative is derived from

the daily chart going to the 4-Hour

chart here I'll go ahead and do these at

the same time I'll go ahead and mark up

this smt as

well so then I'll hop into the charts

here bring the visual order there

put it there go to

es put it there and then I'll go ahead

and go down to the hourly chart now on

the hourly chart what I like to do is

separate each day at midnight and label

them so I can see the weekly profile by

day and then I have the weekly candle

with the weekly opening price showing me

fair value for the week and you can see

how price reacted along that level all

throughout the week

now marking out an extra smt up here the

change in the state of delivery we have

a Wednesday reversal or midweek reversal

and we get a Thursday continuation and

Friday continuation so having that

marked out here copy it go back to my

notion and paste that in the hourly I'm

going to do the same thing for ES now if

I don't want to redraw out all these

daily dividers I'll just hold control

while selecting

them control copy

now when I go to es I can paste them and

I don't have to redraw them out so now

down here you can see es is a little bit

more messy we actually make this high on

Thursday and then we get the

continuation on

Friday my hourly chart for ES and that

completes my review and then I'll go

back through and mark up any notes I

have you can see if we go back to my

calendar we have my daily which I post

the date the news Forex Factory my

anticipation from the day prior my

actual and then my daily hour M15 M5 any

notes and then the same thing for ES and

then if I have any other assets I'm

watching I'll mark them out as well

going back my weekly profile and review

I have this that I post at the beginning

of the week in here my Forex Factory

news for the week and then my

anticipation versus actual and then I

have Daily 4 Hour 1 hour marking out the

weekly profile now if you are wanting

this notion template I will drop the

link to the one that we just made in the

description below and if you did enjoy

this please consider liking and

subscribing and I hope you have a great

rest of your day see

you