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• HomeWhat TradersWatcher does
• PricingPlans and what each one includes
• Live demoThe full app with sample data, no signup
• ComparisonsHow this differs from other journals
• Prop firmsRule tracking for funded accounts
• AboutWho builds this and why
• AffiliateReferral terms

How to export your trades /import

• Export trades from MetaTrader 5MT5 offers three reports and only one reconstructs your trades correctly. Which to pick, which columns it carries, and why the deals report doubles your trade count.
• Export trades from MetaTrader 4How to save a usable MT4 statement, which of its columns a journal needs, and why the balance rows in it are not trades.
• Export trades from cTraderHow to export cTrader trade history, and why its P&L column can already include commission — which makes double-counting costs the easiest mistake to make.

Execution quality /execution

• What slippage actually costsHow slippage is measured, what a realistic amount costs over a year of trading, and why traders who say they have none have simply never measured it.
• MAE and MFE — how much of the move you keptHow far a trade went against you before it worked, and how much of the favourable move you actually captured. What the two numbers mean and what they change.
• What your statement hidesAn inventory of what no exported statement contains, so you can judge any trading journal by what it is honestly able to measure.

Trading terms, defined by how they are computed /glossary

• Net P&LThe result of a trade after commission and swap, and why the sign convention in broker exports makes double-counting so easy.
• Profit factorGross profit divided by gross loss, the edge case that breaks it, and why a high profit factor on few trades means almost nothing.
• ExpectancyThe expected value of one trade, the break-even win rate it implies, and why the figure needs an error bar to mean anything.
• R-multipleExpressing results as multiples of the amount risked, why it survives account growth, and the case where R stops being comparable.
• Win rateWhat share of trades finished positive, how break-even trades are counted, and why the figure is uninterpretable without the win-to-loss ratio.
• Maximum drawdownThe largest peak-to-trough fall in your account, and the measurement choice that decides whether a prop account survives.
• Trailing drawdownA loss limit that rises with your account and usually never falls back, plus the two sentences in a rulebook that decide when it can end your account.
• Consistency ruleA cap on how much of your profit may come from a single day or trade, why it exists, and how it turns a winning account into an unpayable one.

Trading psychology, with numbers attached /psychology

• OvertradingWhy volume rises without a decision being made, what it looks like in an export, and the threshold that is worth using instead of an invented number.
• Revenge tradingWhat happens in the minutes after a loss, why the next trade is different, and how to see it in your own history.
• TiltWhat tilt is, how it differs from ordinary frustration, and the three things in a statement that give it away.
• Losing streaksHow long a run of losses your own win rate produces by chance, and how to tell an ordinary streak from a method that has stopped working.

Keeping a trading journal /trading-journal

• What to recordThe minimum set of journal fields, chosen by which question each one answers, and the popular fields that answer nothing.
• Reviewing your tradesHow often to review, what to look at at each interval, and why reviewing after every session usually makes trading worse.
• Manual entry or automatic importWhat an import gives you, what it structurally cannot, and why the answer is not one or the other.

Articles /blog

• "End-of-day drawdown" does not mean you are safe during the dayThe phrase describes when the limit is recalculated, not when it can stop you. Traders read it as protection and lose accounts at 2pm on an open position.
• The number that makes losing streaks expensiveA 50% loss needs a 100% gain to undo. The gap between what you lose and what it takes to get back is the strongest argument for small position sizes.
• The stop decides the size, not the other way roundChoosing a position size first and then placing the stop where it feels comfortable is the same decision made backwards — and it is how a plan quietly turns into a bet.
• When a trading journal outgrows the spreadsheetNotion and Excel are genuinely good trading journals right up to the point where typing the trades becomes the reason you stop journalling. Here is where that line sits.

Tools and analyzers /tools

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