Organize Notes Into Subsets
With a little creativity, you can do a lot of cool things with TradeNote. You can use the subject like a “tag”. This allows you to easily group a category of notes and enables you to use TradeNote as a single, integrated watch list, trade journal/log, and notepad allright on your chart. The possibilities are unlimited. Some examples of subjects used to group notes and there usage are:
- Watch List – Used to quickly add a symbol, timeframe to the watch list.
- Trade Journal – Used to track trades – why was the order opened? Entry, TP, SL, Risk info. Other notes about the trade. [Symbol, timeframe, and date/time automatically tracked and linked to note]
- Order Management – Similar to above Trade Journal, but for open orders. Used to track and plan open trades. For example, you may want to note your risk strategy, exit plan, and other conditions such as when to move to breakeven or start scaling out. When the trade is closed, update the subject line to Trade Journal.
- General Notes – Used to track general notes. Perhaps you want to note a significant resistance area, but it is too far to be considered a developing signal. You can always change/update the subject later.
- Developing Signals – Used to track developing signals. You might want to track a trendline and the trigger conditions for you to take a trade. For example, “watch for price close below trendline. If close is more than 20 pips below, the risk-to-reward is not good. Be cautious if pin bar.” This looks like a good reminder?
- Developing Patterns – Used to track developing patterns, such as double bottoms or head & shoulders.
- And so on – what subjects and how you use them are completely up to you. You may not want to even use them as tags, which is perfectly fine.