Why Do I Need to Journal My Trades?
At Fast Track Trading, we emphasize the importance of keeping a detailed trade journal. This practice helps you track your progress, stay disciplined, and comply with our rules. You must provide a trade journal when requesting a payout. Here’s how to set up your trade journal and what to include:
What to Include in Your Trade Journal
Your trade journal should contain the following information:
- Trading Day: Record the date for each trading day.
- Total Profit for the Day: Note your total profit or loss for the day.
- Starting Balance: Document your account balance when you received your account.
- Account Balance: Document your account balance after all of your total profits are added up.
- Consistency Rule Calculation: Calculate whether you meet the Consistency Rule based on your starting and ending balances for the day.
Use our official Account Performance Tracker
Instead of using a traditional spreadsheet for journaling your trades, we have added the Account Performance Tracker to our knowledgebase. With this, you get detailed analytics about your account, including chats and visual data. This page also generates you a personalized consistency tracker which you can save as an image in one click, and use when submitting your payout request.
All you need to do is select your Account Type, how many days you’ve traded, and write your total Profit/Loss for each day. You will then be shown detailed analytics for your account.
Click here if you’d like to use it: Account Performance Tracker
Trading Journal Example Entries
| Date | Profit | Total Profit | Goal % | Profit Goal | Consistency | Day |
| 1 Jan 24 | $170 | $170 | 100% | $170 | 10% | 1 |
| 2 Jan 24 | $170 | $340 | 100% | $170 | 10% | 2 |
Consistency Rule
To ensure compliance with the Consistency Rule, your daily profit should not exceed 20% of your total gains. For detailed information about the Consistency Rule, refer to our Payout Consistency Rule article. You must also make sure that you follow the 5% buffer rule when requesting a payout.
Download the Trade Journal Template
The best and easiest option is to use our Account Performance Tracker page, which automatically shows you detailed analytics about your account using just a few pieces of information about your account. This saves the time of making a consistency tracker, which is also automatically generated for you.
If you’d still like to go the traditional trade journaling route, we provide a spreadsheet trade journal template. You can get it here and start logging your trades.
By maintaining a thorough and accurate trade journal, you’ll be better positioned to succeed in your trading journey with Fast Track Trading.