Why NOTION is the best free trading journal ever !! – Life Hack for Traders
Table of Contents
What is Notion ?
Notion is a note-taking software that can be used for both professional and personal purposes. It is available as a desktop app for PC (Windows and MacOS), a mobile app, and web.
This note taking app has all the following features for FREE :
Database management
Kanban board
Lists
Notes by gallery
Timeline view
Unlimited nested tasks and pages
Interlinking
Extetnal linking and embeds
Custom templates etc.
What is a trading journal?
A trading journal is a notebook or diary in which you track and journal all of your trades and related information so that you can refer to it later and learn from your previous trades.
Advantages of Notion over other apps
The most significant advantage is that it includes all of the essential features in its app.
Some of them are …
Database management
Unlimited nested pages for notes
Text formatting
Kanban for projects
Calendars for scheduling
Share to team members or public
Different types of blocks for different note types
Saving web content as bookmarks
Embeds to integrate with other apps
Custom and gallery of templates for repeated tasks etc.
Free for personal use
No storage limit
Drag and drop
Browser, mac, windows, app.
Disadvantages of Notion
As of September 2022, Notion does not support the creation of recurring tasks.
*Update on November 2022 – Recurring template is now available in Notion!
How to use Notion for trading?
Notion has a wide range of applications.
The most important is to keep a trading journal. You can use any block type to create a trading journal in Notion. I prefer the database option because it is simple to sort and filter and is well organised.
On any page, click the plus sign.
It will display a list of options from which to choose.
Choose the table view option (Not the option ‘table.’), either as an inline block or as a page.
Now that you have the database you can name it and add as many rows and columns as you want.
Columns are properties like date, text, files, multi select etc.
Rows are like entries. Each entry has a seperate page when you click on it’s title. You can also see all the properties of the page.
You can track all the tiny details of a trading journal or just the ones you think is not repetitive and is worth learning from.
Column is where we need to focus on. You can create properties for your trading journal like the following…
Multi-select property option works best for most details.
Asset : Types of assets.
This is used to find which asset is more suitable and profitable for you.
Eg 1. Asset = Forex / stocks / options / crypto etc.
Asset name : Specify the name of the asset.
This is very specific so that you can find your best profitable pair or stock.
Eg 2. Asset Name = Eur Usd / Banknifty options / Ethereum …
Date & Time : You can use it for entries and exits or just for entry dates.
You can use the date option to manually select the date or select last edited or last modified date and time.
You can also select a date range in the date option.
The time is used to find out which time of the day the particular stock is trending.
And the date is used to track which market information the stock is reacting to or other relevant details.
Eg. Entry – Aug 1 2022 10:00 AM – Aug 1 2022 10:15 AM.
Profit / Loss – Here you can enter profit and loss details in your currency, so that you can add up all the trades at the end of the month. Or you can use just PROFIT or LOSS.
Eg 1. P/L = Loss
Eg 2. Profit = 123 $
Loss = 0
What was wrong? – Just note down all the possible mistakes during a losing trade, so that later you can find a pattern and correct your mistakes.
Eg 1. Fear
Eg 2. Not sure of the strategy
Eg.3 Over trading
Eg 4. Late entry etc.
What was right? – This is done in order to repeat the same strategy which was profitable.
Eg 1. I maintained 1:1.5 Risk reward ratio which gave me profits.
Eg 2. I can profit easily on a Trending day with my strategy.
Eg 3. I was patient and did not move my stop loss.
Strategy – Assign a name to your strategy and use it everytime you use the same strategy, so that you can later find which strategy works for you.
You can write the detailed strategy in the note section.
Eg 1. Market structure breakout pullback strategy or MSBP
Eg 2. 20, 50 Ema + stochastics.
Notes – You can choose the text option here and write any other details you want to track and refer later.
Images – You can select the files & media option. Take screenshots of your trades, chart setups, profit and loss etc.
There are so many other options and details to be tracked. But to keep it simple and clutter-free, this simple database trading journal works wonders to correct your mistakes and to become a consistently profitable trader.
Check out this video to learn how to setup Notion for trading.
FAQs
Notion trading journal template
You can find templates in the above video.
Is notion good for journaling?
Yes. It is the best.
Are notion pages private?
Yes. Notion pages are private by default. But you can also share it with others and make it public.
Notion trading journal examples – Gallery
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