The Anatomy of a Useful Entry
A useful entry records the same fields every time, so trades can be compared later. The numbers describe what happened; the notes explain why. You need both.
- Facts: date, time, symbol, direction, entry, exit, size, fees and P&L.
- Plan: the setup, why you entered, and where your stop and target were.
- Execution: did you follow the plan? If not, what changed?
- State: how you felt before and during the trade.
- Lesson: one sentence you'd want to read before the next similar trade.
Example 1: A Losing Trade That Was Done Right
Day trade · Long · Opening-range breakout Entry 9:47 · Exit 10:05 · Stopped out · −1R Plan: break of the 15-min high on above-average volume, stop below the range Execution: followed the plan exactly State: calm, rested Lesson: valid setup, normal loss. No change needed.
Journals aren't only for mistakes. Marking a loss as 'plan followed' stops you from changing a working strategy because of normal variance.
Example 2: A Winning Trade That Broke the Rules
Day trade · Long · No setup Entry 13:55 · Exit 14:20 · +1.5R Plan: none, bought because the stock was moving Execution: no stop placed until the trade was already in profit State: bored after a slow morning Lesson: a profitable rule break is still a rule break.
If you only review losers, trades like this look fine. Tagged as 'no setup', they become a pattern you can measure: most traders find these trades lose money over a larger sample.
Example 3: A Swing Trade with a Thesis
Swing · Long · Pullback to the 20-day average after earnings Held 6 days · Exited at target · +2.2R Thesis: the earnings gap holds and buyers defend the average Was the thesis right? Yes. Price held the average on day 2. Lesson: scale out at 1R next time; the trade went 0.8R against me on day 1.
Swing entries should record the thesis and whether it was right, separately from P&L. A trade can make money with a wrong thesis, which is luck and shouldn't be repeated on purpose.
Example 4: Revenge Trading After a Loss
Day trade · Short · No setup Entered 3 minutes after a −1R loss · Doubled normal size · −2.4R State: frustrated, wanted to win the loss back Lesson: after any loss, wait 15 minutes before the next entry.
Logging the time since the previous trade and your emotional state is what makes revenge trading visible. Over a few weeks the pattern usually shows up clearly: oversized trades taken soon after a loss.
Example 5: The Daily Recap
Daily recap · 4 trades · −0.4R What went well: waited for the open, A+ setup only in the first hour What didn't: two trades after 13:00 with no setup Rule for tomorrow: no new trades after 13:00 unless it's a planned setup
A recap captures context the individual trades miss and turns the day into one rule for tomorrow.
What These Entries Reveal Together
Each entry is useful alone, but the real value appears when you review them together. Sorted by tag, these five entries already point to two rules: avoid unplanned trades in the afternoon, and pause after a loss.
Make it fast
Keep the fields short and the same every time. A journal that takes two minutes per trade gets kept; one that takes ten gets abandoned. Importing trades automatically leaves only the plan, state and lesson to write.
Frequently Asked Questions
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Written by
SuperTrader Team
The SuperTrader editorial team produces practical, no-fluff guides on trading psychology, strategy, and risk management to help traders of all levels develop a consistent, repeatable edge.
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