Journal metrics for futures

  • This topic has 4 replies, 2 voices, and was last updated 2 weeks ago by FreddieFutures.
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  • #182897 Reply
    FreddieFutures

      For those who mainly day trade futures, what metrics do you record in your trading journal besides basic P/L?

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      • #182905 Reply
        Christian Harris
        Participant

          I’ve found these metrics helpful when analysing my trading performance:

          • Asset/Instrument: The specific stock, currency pair, commodity, etc.
          • Trade Direction: Long (buy) or short (sell).
          • Position Size: Number of shares, contracts, lots, etc.
          • Leverage: If applicable, the amount of leverage used.
          • Risk/Reward Ratio: The multiple of risk taken per trade.
          • Profit and Loss (P&L): Gross and net.
          • Trade Duration: The time the trade was open.
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        • #183013 Reply
          Joan

            I would also track conditions at the time, was it trending, ranging etc? Also, I would note the indicators or signals you used to reach your trading decision.

            It really depends how far you want to go with it and how much you plan to analyze your results. I know some people record any price slippage too.

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          • #183027 Reply
            James Barra
            Moderator
              DayTrading.com Team

              Hi FreddieFutures,

              Have you read our guide on trading journals? We cover many of the key inputs, alongside our picks of the best software in the market currently.

              Inputs

              • The date you enter the trade
              • The time frame of the trade
              • The setup that triggered the trade
              • The specific market you are trading on
              • The lot size of your position
              • The direction of your trade i.e., long or short
              • The price you entered at
              • The price you exited at
              • The stop loss i.e., the price at which you will exit if a trade is going badly
              • The profit or loss made from the trade
              • The amount risked in the trade
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            • #183273 Reply
              FreddieFutures

                Thanks all. Do any of you have an example journal entry you can share that includes all the stuff you enter?

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