Trade With Insight Journal Template

https://whop.com/c/tradewithinsight/notion

<aside> 👋 Welcome to your trading playbook. [make the following personal to you]

Aphorisms & Reminders

• I am an elite professional trader
• What I trade is more important than how I trade.
• Stay in the current of the river by following my plan for each trade.
• Get 1% better everyday
• Great is the enemy of good enough. </aside>

About the team

Your Name - Elite Professional Trader

My daily trading responsibilities.

• put on playbook trades
• manage risk
• log data
• review & report performance
• record top opps in database
• archive layups in database

Resources

Journal

Performance

Playbook

Top Opps DB

Belief System

[for this section I am sharing what I personally have to hopefully inspire you to build your own definitions — its ok to have overlap but make it your own!]

What is most important?

1. Edge - without it you will make nothing in the end and the house will win
2. Psychology - without it you will not be able to properly execute your edge
3. Risk Management - without it you set the math against you and your edge becomes irrelevant

What systems can I implement to achieve all of these things?

1. Edge, what is it and what are the systems for finding and executing it.

   1. Edge = inefficiencies in the market usually present when a stock is trading significantly above its average daily volume.
   2. Discoverability - my system for identifying edge is a premarket scanner + RSW scanner for intraday + next day continuation trades. This is the tech I use to discover edge currently.
   3. Executing it -
      1. the setups I use to execute my edge are located in my playbook

2. Psychology

   1. Think in probabilities
   2. Reward consistency > direct pnl
   3. Trade from a care free state of mind by accepting the risk before placing the trade
   4. Complete premarket section of DRC with daily focus/goal
   5. Decision fatigue is real - what systems do I have in place to elminate this?

3. Risk Management

   1. Equal bet sizing + Assymetric R:R
   2. Risk $X per trade max until reaching a specific account level, what is this?
   3. Risk a max of $X per day
   4. System for increasing risk = send an email for approval

   SYSTEMS 🤖

   [headlines below are examples of systems you can begin thinking about but feel free to customize it to what best fits you]

   [everything in brackets are just examples for you to consider, be sure to make it your own]

   Daily Routine

   [does your day reflect healthy habits to keep your mind operating at a high level of performance?]

   Increasing Risk

   [every 5k in profits you scale up 0.5%]

   Drawdowns

   [after 5 losing trades, scale down risk 50% on your next 2-3 trades, once you draw down x% from your recent peak, scale down size 50% until performance improves]

   Trading Layout & Premarket Prep

   [how you execute trades and prepare for market open - is it efficient?]

   Trading Schedule & Review

   [trading hours, daily/weekly/monthly reviews, planning time off]

   Account Milestones

   [create incentives when you reach your goals, plan a trip, buy something you normally wouldn’t, give to charity]

   Traveling

   [limit size down to 50% of normal sizing when out of normal environment or the volume of trades]