M7 · L2Trade Journal System
What to Log After Every Trade
These are the 8 data points that turn a journal into an unfair edge.
What This Means
Most traders who journal only write down what they did. The powerful data is WHY they did it and whether the decision-making was correct — independent of whether the trade won or lost. A well-executed trade that lost is a WIN for your process. A poorly executed trade that won is a WARNING.
Visual
The Rule
Grade your PROCESS, not your outcome. A good process that lost = good trade. A bad process that won = lucky trade.
COPY THIS
Do these steps exactly1
Log: Date and time of entry
2
Log: Asset (XAUUSD, EURUSD, etc.)
3
Log: Direction (Long/Short)
4
Log: Setup type (London Open, OB, FVG, Stop Hunt)
5
Log: Entry price, SL price, TP price
6
Log: Risk in $ and RR ratio
7
Log: Result in pips and $
8
Log: Process grade (1-10)
Did you follow the checklist? Was your bias correct? Was your entry valid?
9
Log: Lesson
One sentence. What did this trade teach you?
Common Mistake
The process grade is the most important column. If you're getting 9s and 10s but still losing, your strategy needs adjusting. If you're getting 3s and 4s, your execution needs work.