Create a Trading Journal to Improve Performance using TradingView

Quick Tutorial: Create a Trading Journal to Improve Performance using TradingView

In today’s fast-paced financial world, traders don’t just rely on instinct — they rely on data. A trading journal is one of the most powerful tools for improving your performance, identifying mistakes, and refining strategies.

In this step-by-step guide from AI Computer Classes – Indore, you’ll learn how to use TradingView to build a professional Trading Journal that tracks every trade, measures performance, and reveals patterns — all with the help of automation and analytics tools.

💡 Why it matters: Whether you’re a beginner or a seasoned investor, a well-maintained trading journal helps you trade smarter, not harder.

📘 What Is a Trading Journal?

A trading journal is a digital log where traders record their trades, emotions, and outcomes. It helps analyze what works and what doesn’t.

Here’s what your trading journal should typically include:

• 📅 Date & Time of each trade
• 💰 Instrument or Asset (e.g., NIFTY50, BTC/USD, AAPL)
• 🎯 Entry & Exit Price
• ⚖️ Risk-to-Reward Ratio
• 💡 Reason for Entry (technical setup, indicator, or pattern)
• 📊 Result & Notes (profit/loss, lessons learned)

By tracking these factors consistently, you develop trading discipline and psychological control — two pillars of long-term success.

💻 Step 1: Set Up Your TradingView Account

Before journaling, make sure you have a TradingView account ready.

1. Go to TradingView
2. Create a free or paid account
3. Choose your preferred chart layout (single or multi-chart view)
4. Add indicators such as RSI, MACD, or Moving Averages
5. Save your workspace as “Trading Journal View”

💡 Pro Tip: Use TradingView’s built-in “Replay Mode” to analyze previous trades and take screenshots for your journal.

🧾 Step 2: Record Trades Manually or Automatically

There are two ways to create your Trading Journal:

Option 1 – Manual Logging (for beginners):

Use Excel or Google Sheets to log your trades daily.

Include columns for:

• Entry/Exit time
• Position size
• Profit or loss
• Emotions during the trade
• Screenshot link from TradingView

Option 2 – Automated Logging (advanced users):

Use AI-based tools or Python scripts to fetch trade data automatically from brokers or TradingView alerts.

• Connect APIs from Zerodha, Upstox, or Binance
• Use pandas in Python for performance analysis
• Generate automatic charts with matplotlib or Power BI

💡 Learn how to integrate APIs and analyze trading data in our Python for Finance course at AI Computer Classes – Indore!

📊 Step 3: Add Analytics for Performance Tracking

Once you’ve logged 20–30 trades, start analyzing your performance.

Use these KPIs (Key Performance Indicators):

• ✅ Win Rate: % of profitable trades
• 💸 Average Profit/Loss per Trade
• ⏳ Holding Time per Trade
• ⚙️ Strategy Accuracy: How often your setup worked

You can visualize these metrics using:

• Power BI Dashboards for trend visualization
• Excel Pivot Tables for quick summaries
• Python (matplotlib) for creating interactive charts

🚀 Pro Tip: Add conditional formatting to highlight your best and worst-performing strategies instantly.

🧠 Step 4: Use AI to Optimize Your Trading Strategy

AI tools like ChatGPT can help analyze journal entries for patterns.

Example prompt:

“Analyze my trading journal data and suggest how I can reduce losses during volatile sessions.”

AI can reveal:

• Psychological biases (like overtrading or fear-based exits)
• Optimal trading hours
• Consistency trends in risk management

💡 Learn how to use ChatGPT for trading data analysis in our AI Tools for Traders course at AI Computer Classes – Indore.

⚡ Step 5: Reflect and Adjust Weekly

Your trading journal is only useful if you review it regularly.

Every weekend:

• Check your most profitable setups
• Identify recurring mistakes
• Update your goals for next week

Write a short weekly summary like:

“This week I followed my stop-loss plan well but exited early on 3 trades due to FOMO. Next week I’ll hold positions until targets hit.”

This reflection builds discipline — the hallmark of a great trader.

🧩 Bonus: Create Visual Dashboards for Your Journal

To make your trading data more visual:

• Import your Excel sheet into Power BI
• Build charts for profit trends, risk ratios, and asset performance
• Embed screenshots from TradingView
• Use slicers to filter by week, asset type, or strategy

📈 Visualization makes your progress tangible and motivates you to stay consistent.

💡 Learn from Experts at AI Computer Classes – Indore!

Boost your career with hands-on courses in Stock Market Analysis, Python for Finance, and Data Visualization.

👉 Join our latest batch now at AI Computer Classes

📍 Located in Old Palasia, Indore

🎯 Final Thoughts

A trading journal is more than just a spreadsheet — it’s your personal trading coach. By combining TradingView analytics, Excel tracking, and AI insights, you gain the clarity needed to improve consistency and confidence in the markets.

Remember, successful traders don’t just trade — they learn, record, and improve every day.

Start journaling your trades today and turn data into decisions!

📞 Contact AI Computer Classes – Indore

✉ Email: hello@aicomputerclasses.com

📱 Phone: +91 91113 33255

📍 Address: 208, Captain CS Naidu Building, near Greater Kailash Road, opposite School of Excellence For Eye, Opposite Grotto Arcade, Old Palasia, Indore, Madhya Pradesh 452018

🌐 Website: www.aicomputerclasses.com