If you trade multiple trading strategies, it's important to know exactly how each of your strategies are performing.
This is easy to do in RazorJournal.
Start by clicking on the Account icon in the upper right corner, then click on Strategies.
You will be taken to the Trading Strategies page. Since this is your first strategy, your list will be empty.
Click on the Add Trading Strategy button to add a new strategy.
Here are the two fields to fill out:
- Strategy name: Give your strategy a name. Very short names are best because they are easier to read on reports. If you have different versions of your strategy, you can note them with v1, v2, etc.
- Strategy description: Describe your trading strategy is as much detail as possible. You can see this description when you open a trade, so it's a good way to double check that you are following your trade entry rules. Here's a list of things you may want to include:
- % risk per trade
- Stop loss
- Profit target
- Indicators used, with settings
- Entry rules
- Trade management rules
- Other notes
Then click on Save and you will return to your list of trading strategies.