M7 · L1Trade Journal System
Why 95% of Traders Skip This (And Lose)
Without a journal, every loss is forgotten. Every mistake repeats. Every month starts from zero.
What This Means
The top 5% of traders don't have a secret indicator. They have a systematic review process. A trade journal forces you to see your patterns — both profitable and destructive. After 50 logged trades, you will see which setups make you money and which ones quietly drain your account. Without the data, you're guessing.
Visual
The Rule
Log every trade within 1 hour of it closing. No exceptions.
A habit of 5 minutes per trade builds the data that changes your trading.
COPY THIS
Do these steps exactly1
Open a new spreadsheet (Google Sheets is fine)
2
Create these column headers: Date | Pair | Direction | Entry | SL | TP | Lot Size | P/L pips | P/L $ | RR | Setup Type | Notes
3
After your next trade closes: fill in every column
4
Take a screenshot of the trade on the chart and save it
5
In the Notes column: write ONE sentence about what went right or wrong
Common Mistake
Don't journal only winners. The losing trades have more information in them than the winners.