Original subtitles

Here is the trade review template and I'll

quickly run through how to use this and

how to fill it out. But you can download

and make a copy of this sheet in Notion,

which if you don't know what it is, is a

free note-taking app which you can sign up

for. But here's how to use the trade

review sheet. This is what you'll be

filling out for every single trade you

take on a daily basis. Now, I normally

take only one trade to two trades max per

day. And some people say, oh, that's quite

a tedious task. But that is what it takes

to do this professionally and to exceed

the majority of people who fail at day

trading. This is one of those things you

have to do to improve and become a

successful trader. So we'll run through

how to use this review sheet, make a copy

of it and remove the information I've got

in here and fill this out on a daily basis

with your trades. And this is what you'll

review at the end of every week, reviewing

all your trades taken for the week and

making note of what's been working and

what's not working for you and what you

can improve on in the next week. So here's

an example. You fill out the date that the

trade was taken, the product you traded,

and then you want to click one of these

depending on what rank trade you took.

Now, remember from the course, we rank our

trades based on how many confluences were

available at the time of taking the trade.

So for this trade example, there were two

confluences. So this is a B-ranked trade.

You then enter a screenshot, copy and

paste a screenshot of your trade with the

executions. And then you list out the

trade confluences. So here I've listed

developing profile value area high fade.

And the second confluence was reading the

distribution of the profile and seeing

that it was fairly evenly distributed

across the range. So I was anticipating

ranging price action, therefore more

comfortable to fade the extremes of the

developing profile without any other

confluences. So that is two trade

confluences that I used for this

particular trade. Then scroll down under

details into the time of the trade, what

time the trade was entered, 7.49pm

Eastern. The approximate time in the trade

for this was four minutes. Total ticks

gained and lost, plus 40 ticks. Outcome,

obviously, a win. Then once you've listed

that, you want to put down some

qualitative data here under your review

notes. What did I do well? In this case, I

correctly read the developing profile to

anticipate ranging conditions. And I

waited for price to approach that value

area high before I considered a short. So

I didn't try to short earlier than that

point. I waited for price to pull into the

upper end of the developing profile.

Therefore, trading at the most favorable

spot for a short. What could I have done

better next time? I could have held the

trade slightly longer. There was no reason

for me to cover the trade where I did,

apart from impatience. Price ended up

trading all the way down to point of

control, which was the logical exit point.

You can see I covered my trade here at 4

.910.50. However, on the profile, there's

no real reason to need to cover that trade

there. It was a decent amount of ticks

gained on this trade. But in hindsight, I

would have preferred pulling my stop loss

into breakeven and trailing it down, take

profit closer to the point of fair value,

which you can see. Traded down perfectly

tapped fair value before coming back up to

the top of the range and then doing the

same thing again. So it doesn't take long,

guys. Once you've finished your trading

day, it took me about five minutes to fill

this out for one trade. So I challenge you

to do this every single trading day. And

then at the end of the week, review your

trade sheets. Try and spot any trends.

What times are working best for you? How

long are you staying in your trades for

your winners versus your losers? What's

your average amount of ticks gained or

lost? Or even better, what rank trades are

you taking as a whole? Are you taking a

lot of C-ranked trades, being impatient?

Or are you taking A's and B's? Or are you

only focusing on A's? Take note of things

like this and spot trends over time in

your weekly review and share it in the

community. Now, me personally, I like to

print these out and have a physical copy

of my own personal trade journal and trade

playbook. But however you choose to

document these, this is the type of

template you should follow to be able to

accurately review your trades at the end

of the week. This is conscious journaling,

conscious trade journaling. A lot of

traders do their trade journaling just as

a tick-the-box type activity. But they

don't actually use that journal to improve

their trading. This is how you build a

simple trade journal that will help to

improve your performance in the long run.

So the link to this will be included below

this lesson here. Just go ahead and click

that link and make a copy of this

template. Remove my inputs here. Input

yours at the end of every trading day.

Input yours at the end of every trading

day.