One of the ways that we are different from other trading journals is our Trade Followup section in the Edit Trade module.
Trading can get quite emotional, especially when large sums of money are on the line or you are in a drawdown.
When you journal your trades is this excited state of mind, it's very difficult to provide a level-headed assessment of your trading performance.
So after you close out a trade, fill in the entry and exit information in RazorJournal.
…then wait a few days before doing your Followup Review.
It helps to schedule your Followup Review ahead of time, so you get into the habit of updating your trading journal.
The best day of the week to do this is usually Saturday because that's when most markets are closed and most people don't work.
But figure out what works for you, put it on your calendar and stick with it.
How to Fill Out the Followup Review Section
This what the Followup Review section looks like:
Let's take a look at each element individually…
Score the overall quality of this trade on a scale of 1-4.
A 4 means excellent execution and 1 means that you need improvement.
Enter any notes about this trade that you may want to reference later.
Enter the video ID of a YouTube video that you want to use as a training video later. A link to this video will appear in the Flash Cards module.
You can record a video of your trades and play them back at a later time.
This is helpful in practicing a quality setup before you start trading, or reviewing where you can improve.
Only input the video ID in this field, not the whole YouTube URL. It's the part after the “v=”.
The part in red is what you should copy from YouTube and put into RazorJournal:
You can upload a third screenshot if there is something that was not covered in the entry and exit screenshots. Just click the button and select the screenshot from your device.
So that's how the Followup Review section in RazorJournal can help you make more objective reviews of your trading performance.
When you review your trades with a clear mind, you are more likely to see how to improve your trading.