Trading Journal Guide — Step-by-Step Guide & Transcript

[00:00] Hello friends, welcome to Deitrader Telugu. This video is definitely life changing for those who want to grow in the stock market. I was learning different concepts in the initial days and trying them in the market.

[00:18] I understood what I was doing wrong and what I could do to become a better person in the stock market. Most of the people think this is not a strategy or concept.

[00:36] But trust me, this will change your entire psychology. What is the problem in the stock market now? How many YouTube channels and websites have this problem?

[00:48] It is not that problem. We all accept this. Same strategy, same strategy.

[01:00] another person deals with another. Another person may over trade after the trade is completed. Another person may take over quantity and take more risk.

[01:14] And fear of greed and fear of target hit. And fear of stop loss and fear of stop loss. You are making this mistake.

[01:28] today we are going to talk about a concept. Friends, what is the trading journal? It is the entire trading journey in a diary.

[01:43] I am going to give you an excel sheet with this video. trading intraday, option trading, swing trading, stocks, everyone should use this journal.

[02:00] We have to put efforts on how to represent our customers. use it and try to understand the changes that are coming.

[02:15] I am going to give you this excel sheet with this video. I will give you the trading capital. Once the financial year ends,

[02:27] I will update the trading journal in the comment section. But if you want to know other updates along with this,

[02:39] I will update the excel sheet in the comment section. you can join our trading group by clicking the link in the description.

[02:52] You can see the capital you are adding here. This will be updated automatically. The monthly return on the total capital will also be created here.

[03:05] I will explain the trading journal to you. and how to use this excel sheet Let's talk about it step by step.

[03:18] if you find our efforts valuable, and encourage our efforts. It is a recording of our work.

[03:34] your boss or HR will understand your activity. how much quality work you give, They will understand if you are efficient or not.

[03:48] If you are doing a business, You will understand the margin and cost of the business. you will have taken a trade after coming to the stock market.

[04:06] After trading many times, How was your emotion at that time? How many stop losses and targets did you set?

[04:20] strategies, Have you noted the trading you did? It will continue from here.

[04:32] This is a helpful element in my personal trading journey. Even the mistake I don't understand, This is the element I showed.

[04:45] Please watch till the end. if you take the first trade, If you take the third trade,

[04:57] Next segment. Are you buying stocks or selling? If you are buying futures, it is FB.

[05:11] If you are selling options, it is OS. At what time are you entering the trade? what is the option you are taking?

[05:24] or selling it. Are you doing futures? Then logic.

[05:36] Beginners don't have methodology. Or did you take it from your own conviction? How did you take it from your mind?

[05:48] Write it down in Telugu. write it down as you feel. After you understand some trades,

[06:01] let's say there is a channel that gives tips. Note down the tips they gave in the channel. you will understand their performance.

[06:13] I have not seen anyone in the stock market who took tips and filed income tax in so many years. It is good to have tips.

[06:26] Many times, they asked us in the comments section. Even in public, if we tell them to buy or sell,

[06:38] The reason why we are telling you what we are doing making adjustments and making videos, is that you should earn and develop on your own.

[06:50] everyone from highly successful people to beginners Our success is how we handle them. they will give you failure calls.

[07:03] there will be a difference between your handling and his handling. So, it is up to us to decide and who will be better in which segments.

[07:16] until we can handle everything, learn and then go to the next step. I will earn this much every day.

[07:29] I repeat, I don't know anyone who has followed tips in the stock market. and if they say that they have filed income tax to follow tips,

[07:41] But I have not seen anyone like that. Because, those who follow tips, and handle the risk.

[07:54] What strategy are we following? Are we following the panel stick breakout? Resistance, support breakout?

[08:06] enter that logic here and type. We feel all these after the end of the trade. Later, we are averaging up side.

[08:20] Or, averaging down side. if we add further, will we get average price? Again, we are not taking the trade.

[08:35] Here, we will not take the entry price once. We will mention the average price here. Let's say, I took the entry at 100 rupees.

[08:50] if my stop loss is near 90, So, the stop loss I am taking is 10 points. So, after adding 90,

[09:02] 20 percent is my target. in red, or did I exit manually? Even if I achieve the target or stop loss profitably,

[09:18] if I keep all these things near the exit price, If I achieve the stop loss, I have to put 90 rupees here. I am exiting at any other price other than the target stop loss.

[09:34] And, P&L, Profit and Loss, will be automatically calculated. So, let's say, I want to trade in equity. Logic, resistance breaks.

[09:50] Am I following the rules or not? I am exactly resistance break out. If it is in the theme, if it is my rules,

[10:03] I followed the rules. Stop loss, 340. And, if my target hits, I will enter 370.

[10:17] profitability is also calculated. No, if my stop loss hits at 340, means if I exit at my stop loss,

[10:31] So, 10 points multiplied by number of quantities, 10 multiplied by 10, 100 is loss. I will enter the complete trade review here.

[10:45] I entered November, December, January, February and March. like 2023, April 1st, 2024, March 31st,

[10:59] If you are watching this video at that point, I will also put the link of the new Excel sheet in the comment section. I will update it in our group too.

[11:12] the last holiday of the year is over for the market. mostly all are working days. And we are adding another important book in the market.

[11:29] Basics, The important data points and links in Telegram that I shared, PDF links, I will add them in the important segments.

[11:43] So that, this Excel sheet will be the trading journal for traders. I will also keep the important links related to learning in the Excel sheet. And another thing, when to do this?

[11:56] When you are taking the trade, focus on the trade. There will be a gap after taking the trade. Because, if you take the entry price of the trade,

[12:11] No need. fill it in. You will understand a lot of things.

[12:23] or a strategy, whether they are correct or not, you will understand whether you are profitable or not.

[12:35] You will understand that you are over trading. Because, after taking a trade and writing that you took the trade, you will not agree to trade again.

[12:49] if you directly sit in the market, and if you take a trade after taking a stop loss, And here, you will see the return on the capital.

[13:01] You will see the loss on the capital. If you go out of the box and hurt yourself financially, this journal will warn you that you are making a mistake.

[13:15] no stop loss, the strategy we are following, we can understand all this through this.

[13:27] You will understand the paper trade, As I told you earlier, And at the end of the point,

[13:39] If it is not, the profit in 1 or 2 months will go in 1 day. Review your trades once a week, once a month.

[13:51] note down below that this did not work for you, And if you see any new people, This is an element that brought me personal change.

[14:04] after maintaining the trading journal, When I am telling this in a course related manner, whoever is trading unnecessarily in the market,

[14:19] trading unnecessarily, they will understand. They will find out that this is a mistake.

[14:31] and what I wanted to do. You can download this completely, tell me that you have put the formula wrong,

[14:45] Or if you are following any trading journal, The element that is extraordinary in what you are telling, and try to update that as well.

[14:59] and try to grow together. Subscribe to the channel and click on the bell icon.

[15:11] you can go to a DMAT account, or if you are going to a referral website related to our referral links, our referral links are in the description and comments section,

[15:25] our channel will also benefit. Did you like it? If you think this video is useful for you,

[15:39] please watch the content in the channel. subscribe to the channel and click on the bell icon. Take care.

[15:53] Jai Hind!