Trading Journals are one of the most important tools in any self-directed investor’s arsenal. Today, we’re reviewing the top trading journals to see who’s number one! Stay tuned for our best trading journal review to find out who comes out on top.
What Is a Trading Journal?
If you’re serious about mastering the market, you should be keeping a trading journal. A trading journal is like a diary for your life as an investor.
Many people keep detailed records of their trades in journals. These commonly-used resources are invaluable for traders of all skill and experience levels.
Trading journals are a very personal resource, so they differ greatly in detail. Some traders simply record their entry/exit positions and trade outcome.
Others take more detailed accounts that include detailed information on their perceptions leading up to the trade, post-trade emotions, and more.
However, few traders keep their journals in a notebook these days. There’s a litany of powerful trading journal software available online, and they offer vastly superior capabilities to an old-school notebook.
Modern trading journal software includes sophisticated features to track trades efficiently and painlessly. They make it so easy to keep a trading journal that there’s no good excuse not to have one.
We’re going to look at some of the top online trading journals in this review, so stay tuned. But first, why should you keep a trading journal?
Why Keep a Trading Journal?
Trading is not the kind of thing you can ever completely master. It’s a constant learning experience, and the market is always ready to throw you a curve ball as soon as you think you have it figured it.
Your best friend in your quest to conquer the markets is data. The more data you have, the greater likelihood you will be able to draw valuable insights from the information.
One of the most valuable sources of data you have is your own first-hand trading experiences. Unfortunately, it’s hard to keep track of your thoughts and insights without keeping a detailed record.
Trading journals automatically organize and store your trading data in a centralized location so you can thoroughly analyze your results and improve your performance at a much quicker pace.
Modern trading journals make it even easier to draw insights from your trading data. Most platforms can even automatically analyze your results so you can improve even faster.
There a plenty of reasons to track your trading performance with a journal. But, which online trading journal is the best? Here are our top three picks:
The Best Trading Journal: Overview
Today we’re going to look at some of the top trading journals from across the interwebs. Each of these trading journals has a lot to offer, but which one is the best?
We aim to find out. Keep reading for a full breakdown of our top-3 trading journals and decide which is the right option for you.
Best Trading Journal: TraderSync Review
TraderSync is an excellent, all-in-one trading journal. It has a host of sophisticated features to help you track your trading performance, including charts, analysis reports, a trade simulator, and more.
It also has an artificial intelligence engine that automatically analyzes your trading data to find hidden patterns and other insights you might not be aware of otherwise.
Tradersync also has social features that allow you to engage with a wider trading community. The sharing settings are totally customizable so you can choose what you want to share and who you want to share it with.
- Built-in interactive charts with customizable exit targets and stop-loss settings
- Minute-by-minute intraday charts
- Customizable social sharing
- Specific analytics for every trade
- Built-in notebook for journaling
- Tracks commissions and fees for more accurate profit-loss records
- 10 powerful reporting tools plus drill-down and calendar reports
- AI-powered feedback and patterns
- Trade simulator
- Worldwide market support for stocks, options, futures, and forex
- Mobile app available
- Customizable dashboard
- 7-Day free trial period
- Offers a free version with limited functionality
- Enter your trades manually or import them from your broker
- Some features require upgraded memberships
- No refunds
- User interface can be intimidating for beginners
Why We Like It
TraderSync’s robust selection of features could significantly improve your trading outcomes. The platform analyzes your trades and produces insightful reports so you can get even more out of your trade journal.
Plus, the built-in trade simulator allows you to test new trading strategies without risking any of your hard-earned dollars. This feature alone could save you untold amounts of money over time.
All and all, we think TraderSync is a great all-around option for just about any trader. However, the free version has limited functionality, so you will have to pay for a monthly subscription to use the software to its full potential.
TraderSync makes it easy to refine your trading strategy thanks to its arsenal of technical analysis features. Plus, the AI feedback makes it easy to find useful patterns in your trades.
Access our complete TraderSync review here and learn more about this powerful platform.
Best Trading Journal: Tradervue Review
Tradervue is another excellent piece of trading journal software. This platform gives you the power to journal, analyze, and share your trades with minimal difficulty.
This journal has a straightforward, utilitarian interface that’s user-friendly and easy to navigate. However, its simplicity doesn’t come at the cost of functionality.
Tradervue has all the features you expect from a high-quality investing journal, including a social component that lets you link up with friends and publish your trades.
Tradervue has everything you need to effectively track and improve your trading performance. It’s a great option for traders of all skill levels.
- Auto-import your trades from your broker
- Clean & simple user interface
- Price charts and trade notes
- Adds tags to your trades and generate custom reports
- Filter trades by symbol, tag, duration, or date range
- Special features for working with mentors and coaches
- Integrated chart studies
- Running P&L charts
- Multi-currency trade tracking
- Adjustments for commissions and fees
- Automatic reports on liquidity, risk analysis, and more.
- Share your trades with adjustable privacy settings
- Connect with friends and other traders
- Affordably priced
- Free accounts available with limited functionality
- 7-Day free trial for Gold & Silver accounts
- Advanced features require a paid subscription
- No AI-powered insights
What We Like About It
Tradervue is an easy-to-use trading journal with a lot of capability. It has a user-friendly dashboard that makes it easy for beginners to get started quickly.
Tradervue’s subscription rates are on the lower end of the spectrum, so it’s a good option if you want a trading journal that doesn’t break the bank.
The platform’s sharing features are also compelling. Tradervue makes it easy to collaborate with a coach or mentor directly through the platform, and you have total control over your sharing settings.
Tradervue offers a unique balance of value, affordability, and functionality. It’s an excellent option for anyone who’s in the market for a well-balanced trading journal.
Best Trading Journal: Trademetria Review
Trademetria is an excellent all-around trading journal that also functions as a portfolio tracker and trade analyzer.
This trading journal allows you to monitor multiple metrics on multiple accounts, and it even has a built-in trade simulator so you can test your strategies without risking a dime.
With more than 140 supported brokers, Trademetria easily integrates with most brokers so you can import your trades quickly and efficiently.
Trademetria works on any type of device, and it’s loaded with handy features. This is a great trading journal for investors of all skill and experience levels.
- Supports integration with 140+ brokers or import manually via CSV
- Monitors multiple accounts
- Available data for equities, options, futures, FOREX, CFDs, and cryptos.
- More than 30 built-in trading metrics
- Extensive filter options for trade tracking
- Intuitive charting futures
- Keep organized notes with individual trade and daily journaling
- Search, filter, and share your trading stats
- Automatically display entry and exit points on daily, 1 minute, and 5-minute charts
- Supports charts for 2500 US equities, most foreign equities, FOREX, and most futures.
- Auto plots stops and price targets
- Trade simulator with savable settings
- Includes data from 20+ world exchanges
- Customizable account features
- Export your trades for additional analysis
- Affordable monthly rate
- Basic features available for no cost
- No support for OTC stocks
- No refunds once you subscribe
- Delayed quotes
- Order import caps for Free and Basic accounts
What We Like About It
Trademetria offers a robust selection of features for a very reasonable monthly rate. It’s a particularly attractive option if you trade with more than one broker because it supports multiple broker integrations.
It might not be the best option for day trading because of its delayed quotes, but Trademetria has everything most traders need to succeed.
If you’re looking for an affordable trading journal with a robust feature set, Trademetria checks many of the most important boxes.
You can use Trademetria’s tools to refine your trading strategy, conduct better trade analysis, and keep more organized notes for your trades.
Plus, the free version of Trademetria also has a strong feature set, so you can get a lot out of this trading tool without signing up for a premium account.
Trademetria has some limits, but it’s a great all-around option for many traders.
Best Day Trading Journal
Tradersync (Read Our Full Review)
Tradersync has a fast-paced trading interface with support for intraday charting and real-time quotes. It also allows to run your positions through a number of AI-powered screens and metrics so you can make fast trading decisions on the go.
The real-time price data makes Tradersync a natural choice for day traders. It also makes it easy to monitor your positions and track investor sentiment on the fly.
Tradersync has all the features you need for effective intraday trading, and it easily takes the title for best day trading journal on our list.
Best Trading Journal for Beginners
Tradervue (Read Our Full Review)
Tradervue is an excellent option for entry-level traders. It has a very user-friendly dashboard that makes it easy to connect with friends and share your trading status.
Beginner traders will also appreciate Tradervue’s affordable price tag. You can get used to the platform using the free version, and the fully-loaded gold tier costs just $49 per month.
If you’re looking to get into a trading journal for the first time, Tradervue should be your first stop. It’s extremely affordable and easy to use, and it has all the features you would expect out of a premium trading journal.
Trading Journal with the Most Features
Tradersync (Read Our Full Review)
Tradersync takes the cake for the most feature-rich trading journal on our list. This platform has a veritable arsenal of high-powered features that can help you perfect your trading strategies.
It’s the only option on our top-3 list that allows users to analyze their strategies with a powerful artificial intelligence engine. This feature allows you to spot trends and make insights you might miss with a regular trading journal.
In addition to its AI superpowers, Tradersync also has extensive social sharing features, a built-in trading simulator, and tick-by-tick intraday charts. It’s an excellent option for traders who want the most out of their trading journal.
Best Trading Journal on a Budget
Trademetria (Read Our Full Review)
If you’re looking for an affordable entrance into the trading journal market, you can’t go wrong with Trademetria. This platform has a solid set of features and the fully-loaded premium subscription costs just $29.95 per month.
Trademetrial also offers a free version, but it has limited functionality. You can also go for the mid-tier basic plan that costs $19.95 per month, although you will have to deal with caps on order imports and broker integrations.
With costs that low, Trademetria is a great option for newer traders who want to try out a trading journal for the first time.
Despite its affordability, Trademetria has extensive capabilities and it can significantly benefit your trading outcome. Its capabilities are more than sufficient for most types of traders.
Conclusion: What Is the Best Trading Journal?
Trading journals can help traders take a much more analytical approach to the market. You can garner valuable insights by tracking and analyzing your trades in an orderly, organized fashion, and trading journals are the perfect tool for the task.
Many of the best trading journals also have other trading tools built directly into their platforms, including stock screeners, trade simulators, and chart analysis.
With such vast capabilities, these trading journals could quickly become the go-to trading tool in your arsenal. These tools can help you refine your trading strategies to a finely honed edge and significantly improve your trade outcomes.
If you’re ready to get serious about trading, getting a quality trading journal should be the first item on your to-do list. They’re essential resources for tacking the market in an organized, strategic fashion.
Our picks for the best trading journals are great places to start, but they represent just a small part of a vast market niche. Check out our individual reviews on these trading journals to learn more about these high-quality options.
- URGENT BUY: 4 Hypergrowth Cryptos for 2021: Urgent video just released detailing a rare setup in the crypto markets that could send four cryptos soaring
- 25-Year-Old Prodigy Is America’s #1 Stock Picker : Brand-New Pick, Ticker Symbol and All — FOR FREE
- The Smartest Way to Invest $500 Right Now: It doesn’t matter if you have $500 in savings or $5 million. See what one of America’s richest men says you need to do right now.
- Motley Fool Issues Rare “All In” Buy Alert! All In Stock Buy Signal Has Beaten The Market By 6X