Keeping a trading journal
The QuantWave Journaling System
A structured trading journal transforms random outcomes into actionable insights by tracking both forecast performance and execution quality.
Essential Journal Components
1. Forecast Documentation
- Original signal parameters (direction, targets, probability)
- Timeframe and expiration conditions
- Risk level and confidence score
2. Execution Records
| Data Point | Purpose |
|---|---|
| Entry/Exit Prices | Measure implementation slippage |
| Position Size | Verify risk management |
| Time Stamps | Analyze timing effectiveness |
QuantWave Journal Integrations
1. Automated Data Capture
- Direct forecast snapshot on trade entry
- Performance comparison tools
- Variance alert system
2. Analysis Templates
- Pre-formatted review sections
- Customizable tagging system
- Visual performance dashboards
Journaling Framework
The 5-Minute Post-Trade Routine
- Record quantitative details (1 min)
- Note market context (1 min)
- Assess execution quality (1 min)
- Identify lessons (1 min)
- Plan adjustments (1 min)
Weekly Review Structure
- Forecast accuracy by type
- Execution error patterns
- Risk management compliance
- Psychology assessment
Advanced Journal Techniques
- Correlate journal entries with market phases
- Tag trades by emotional state
- Track forecast revision impacts
- Measure improvement cycles
Common Journaling Mistakes
- Inconsistent entries
- Focusing only on losers
- Ignoring qualitative factors
- Failing to review periodically
A well-maintained QuantWave trading journal serves as your personal performance coach, revealing both system strengths and execution weaknesses. By combining quantitative precision with behavioral insights, it accelerates the path to trading mastery.