YourTradingJournal.com Review

Hi,

I like the journal and its certainly a help. However, i have to say it is definitely lacking some major points and when you approach the developer greg about them he is kind, but says everything is just a personal preference. However this isnt really the case as many numbers that you can produce with the journal could be better used....
A few big negative´s are that you analyse the gross returns while its the Net return that counts. What good does it do you if you see you would have been profitable with a certain setup if you wouldnt pay commissions?? Yes, you can see the net results for your overall performance but not for each strategy...
Also, drawdown analysis is quite poor. You only see the drawdown for the portfolio and not for each strategy but at least he implemented the drawdown function in the
"elite" version.
There is a number of other things that would need improvement like daily, weekly, monthly analysis or a better use of MAE / MFE or that if you scale in/out of positions that you can track each scale (or maybe 2-3scales) instead of just the avg. position.
Anyway, Greg is a nice guy and he will help you with questions if you have but the journal could need lots of improvement...

Great tool for keeping track of any investor's trading and produces high-quality charts and reports. I would say it the best journal I've ever had! Thank you so much for making this!

The Journal of David is awesome. You can compare multiple trading strategies, on different instruments, filter out the best trading times, etc... All those trying to learn how to trade spend thousands on different trading systems while a journal is more important than a "perfect" entry (which doesnt exist)! This is a MUST have for any serious trader!

In an industry that is full of BS and more fake than Hollywood, it is very hard and rare to find a good and honest service that can assist you to enhance your trading results. Your Trading Journal is one of them few services that really does help and work. Any time I want to test a new strategy/system, I use YTJ to tell me and proove to myself that I should be trading live a certain startegy. It is very easy to input and record all the data of your trades and then analyze them any way you want such as dissecting the trades accoring to time, different startegies within a system, etc...

It really shows you, where is the strength and where is the weakness in your system, what you should pay attention to and what you sould repeat over and oevr becasue its been proven to you by the journal, you can't argue with it.

After recording all your trades you can use the charts and the reports that are so easy to read and understand.

Every trader must record their trades, the good and the bad, no question about it and YTJ is the easiest way I found to do it.

Another very important thing is that if I have any question or need help, I know I can always get in touch with David and he will always answer and help me very promptly, great customer service, great product, I urge any trader to give this service a shot, there is no way you can be disappointed, it can only help you.

We started a subscription to this journal and quickly realized its amazing possibilities. We've been able to redefine our strategies, markets, and trading times through simply entering trades in the journal once a day and graphing them with the impressive set of filters in YTJ's equity chart.

Between the amazing equity chart, the detailed journal notes available to each entry, and the ability to upload chart snapshots, we feel the journal is essential to staying on track-- so essential that we even buy all of our trading room members subscriptions to YTJ. Our trading has grown exponentially since using this journal.

It's also super easy to use and integrates with other software to import or export your trades quickly and easily. Manually data entry is even a breeze with the ability to predefine strategies. Great software all around!!

I have been using the YTJ since it first came out and have seen it mature into the best trading journal ever. It is essential to know specific things about your performance and statistical ratings of setups and strategies. With the YTJ this is made super easy and you can perform drill down analysis of all your trading results. I highly recommend you use it.

Can you think of a great trader who does NOT use a trading journal? They do it because it makes them better traders. It keeps them on track. It helps them avoid impulse trades. And it quickly identifies changes in their trading habits and/or changes in market behaviour.

If it's good enough for Carter, Turner, Jouflas, McDowell, Frederickson, Senters, DiNapoli, Elder, Busby, Nison and Pasevento, shouldn't you be journalling your trades?

YourTradingJournal is a very powerful trading tool but it's EASY to use. It will quickly identify your strengths and weaknesses. It will help keep you out of bad trades and keep you in good trades longer. It's the result of five years of constant development yet it costs less than $2.00 a week!

Please visit us at www.yourtradingjournal.com to view our video tutorials.

I've been trading full-time for about 5 years and had been using various spreadsheet configurations to record my trades. Clear and concise journal records are essential for me to be able to accurately evaluate and analyse my strategies, and Your Trading Journal has made it soooo easy. Entering data is a piece of cake and made what used to be a real chore after a draining session of trading, into something approaching enjoyable!

I currently use five basic strategies( depending upon market conditions), and YTJ's data feedback in the form of automatically plotted equity curves is an incredibly valuable feature. I highly recommend YTJ for all serious traders.

I figured if the top traders continue to preach the need to run a journal then I should. I have found Your Trading Journal to do much more than my paper based journal could ever do. I simply import my trades at the end of every session, add notes against the trades, insert the chart of the trade and the jobs done. I can then review my equity curve, compare the performance of each strategy and know where I stand. It proves to me that my discretionary trades are killing me! Can't argue against the facts in front of you. The journal's got my thumbs up. It's easy to use, very affordable and support is but an email away.

Your Trading Journal I have found to be an excellent tool to monitor my trading and build confidence in methods I am using.
The report section is the best part as it allows a visual to analyse when is the best days and times that my trading is most effective. Also I can see quickly which are my most profitable strategies and gives a warning when the things are starting to change.