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Build a trading journal that improves decisions

Capture trade plans, screenshots, outcomes and R-multiples in the Basis journal, then review expectancy and setup performance.

8 min readUpdated 2026-08-224 sections

Log the thesis before the outcome changes your memory

  • Market, direction, timeframe and setup name.
  • Entry, stop, target and planned account risk.
  • Evidence for and against the thesis.
  • Screenshot with marked structure.
  • Event risk, market regime and emotional state.
  • Exit, realized R, fees and execution notes.

Capture from the chart or open the full journal

The Journal dock supports quick capture without leaving the chart. The full Journal view adds structured trade details, notes, filters and statistics. Saved chart context lets you reconstruct what was visible when the decision was made.

  1. 01

    Create the plan

    Write the thesis and invalidation before entry.

  2. 02

    Attach context

    Capture the symbol, timeframe, studies and a screenshot.

  3. 03

    Update execution

    Record actual fills rather than the ideal chart price.

  4. 04

    Close the loop

    Add exit reason and whether the process was followed, independent of P&L.

Review distributions, not isolated wins

MetricQuestion
ExpectancyWhat is the average R produced per trade?
Profit factorHow much gross profit exists for each unit of gross loss?
Win rateHow often does the setup win—not how much it earns?
Average win/lossDoes payoff compensate for the hit rate?
DrawdownCan the process and account survive the observed losing sequence?
Setup segmentWhich repeatable context explains the result?

Run a weekly process review

  1. 01

    Separate execution from strategy

    A losing trade can follow the plan; a winning trade can violate it.

  2. 02

    Group comparable trades

    Compare the same setup, horizon and market regime.

  3. 03

    Find one behavior to change

    Choose a specific rule for the next sample instead of redesigning everything.

  4. 04

    Wait for evidence

    Do not promote or delete a setup after a handful of trades.