Chartlog Review

Chartlog Review

Trading is not an easy venture. It is one of the hardest businesses that I have ever been involved with. One of the keys that successful traders indulge in is diligent journaling of their trades.

Monitoring performance and then adapting to do more of what is working and less of what is losing you money is one of the keys to success.

For example, I am terrible at scalping options and my journal reflects that. I am much better at scalping stocks. I just wish I could actually follow and adapt to this data!

Understanding your trades starts with documentation. I recently came across a simple but effective tool for journaling your trades.

Journaling is something that sounds easy to me, but I have a hard time staying disciplined and actually doing it. Whenever I have problems with will power, I always try to find a way to do something that is as easy or as FUN as possible.

This is where Chartlog comes in.

Disclaimer: There are affiliate links on this page. This means that if you click through and purchase anything, I could possibly make a commission without adding any extra cost to you.

Free eBooks and Facebook Group

Check out my Facebook Group for a community of traders that are interested in stock alerts services.

If you are interested in learning an options trading strategy with a 95% win rate……check out my store of free eBooks!

Chartlog Review: What is Chartlog?

Chartlog is a journaling tool that allows day or swing traders to record and then analyze their trades over time. It has the capability of importing data directly from your trading platform – this makes it super easy and therefore I actually might stick to it!

Using this data to refine a strategy could make the difference and result in you being profitable over the longer term.

You can sign-up here for FREE or use my coupon code (RUSSELL30) to get 30% off the annual premium plan.

Chartlog Review: User Interface

We were particularly impressed with the fantastic UI that is user-friendly such that once you log into the platform, you will have an easy time getting things moving.

Chartlog Founders

This program came about from a collaboration with two members of the Bear Bull Traders community.

Adrian Campos and Igor Milivojevic are day traders that saw a gap in the market for a really good journaling tool. They are software developers and joined forces in 2019 to launch Chartlog.

They seem to genuinely want to help traders to achieve consistency in their trading.

How Chartlog Works

Here are some of the features that make Chartlog a powerful tool for your trading.

It Starts with the Trading Journal

While the program does allow for automatic real-time data imports, you still have to write your own notes on the trades in the journal.

The software has a nice layout that lets you access any day’s performance and check out the profits, winning % etc. It gives a list of the positions for that day and includes an interactive chart to show your entries and exits.

Chartlog Charting Features

The charting features of the software are very powerful. You can add over 100 indicators (all the ones you have heard of plus more!). You can draw very easily on the charts to add your thoughts on it (think flags etc.). The charting software also helps you to see what you could have done better on a chart.

Chartlog Automatic Data Imports

For lazy traders like myself, having the software pull in you trades in real-time is a game changer. Manually importing trade data is one of the biggest hurdles for people to get started journaling – especially if you are a very active trader.

You can sign-up here for FREE or use my coupon code (RUSSELL30) to get 30% off the annual premium plan.

Chartlog Statistics Analysis

Charlogs provides you with all the data you need to ‘fix’ your mistakes in trading.

You get a lot of data, but here is some of the most useful for me.

• Winner accuracy (%)
• Average P/L per position
• Average Winner/Loser profit
• Average Profit and Loss per day
• Biggest win and loss.

The software makes it very easy to see all of this data and more.

Chartlog Trading Strategy Tracker

Testing trading strategies is a key to success. You can make a library of trading strategies that you can have trades imported to depending on which strategy they were deployed under.

Chartlog Review: Cost?

The Chartlog platform is free. The free plan gives you access to many of the features like automatic import, interactive charts and a journal. The Pro membership costs $29.99 a month and adds in many other useful features like the ability to segment based on trading strategy, deeper data insights and full access to the trading journal.

You can use my exclusive discount code ‘RUSSELL30’ to get 30% off the annual pro plan here.

Chartlog Review

The post Chartlog Review appeared first on Stock Alerts Reviewed.