5. Abstract
Online trading journal is web based application for providing the trader the
to keeping the record of their trades. In recent times there is shift of trader to
use online medium to save their record of trading from hand written method.
trader use trading journal. my project online trading journal contain
information like ,position of trade ,currency in trade happen, date, strategy
used, successful or not etc. the trading not have any disadvantage but have
advantages and advandages like it help to keep trader accountable , identify
weak and strong point of trader , set rule and guidelines of trading etc. The
trading journal is simple but yet extremely effective strategy that trader
should to maximize its profit make trading organised.
6. INTRODUCTION
• A bodybuilder has a journal for diet and scientist has journal to
track their latest finding and the results of exp. Same here is for
trading but most of trader don’t know what it is or don’t have
proper journal.
• What is trading journal ? A trading journal is log that you can use
record your trades , trader use a trading journal to reflect upon
previous trades so that they may evaluate where you can improve
your trading.
• The relevant metrics for our trading journal website :
Date – Date you entered your trade
Time Frame – Time frame you entered on
Setup – Trading setup that triggers your entry
Market – Markets you’re trading
Price out – Price you exited
Stop loss – Price where you’ll exit when you’re wrong
Profit & Loss in any currency – Profit or loss from this trade
7. Initial risk in $ – Nominal amount you’re risking
Lot size – Size of your position
Long/Short – Direction of your trade
Price in – Price you entered
• In every trading journal the very common practice is to that the trader have to
record their daily trading activities so that keep update their profit and losses.
• The template of trading journal is given as follows in next slide which includes
all the information that trader record.
8.
9. ADVANTAGES
They help you identify weak points and strong points in your style.
Journals could increase trading consistency.
The journal could keep you accountable.
The journal can help you choose your best trading strategy.
They help traders test different trading plans and strategies.
Trading journals can also help traders pinpoint strengths and weaknesses in a
Some trader Record their trades directly after you have finished placing your
take profits.
10. Project scope
The online trading journal website has wide scope.as it is not intented to
particular user or organisation as this website provide the opportunity to not
only existing trader but also upcoming trader to maintain their record
for their trading .
Most of trader doesn’t have time for how to make trading journal and they
know they know what is this , in this case trading journal come to help
them as it provide already created journal that they have to use .
The most of the trader uses conventional method for their trading journal
that is time inefficient so there is huge demand for online trading journal
that fulfil all the requirement of trader .
A trading journal helps you find an edge in the markets.
the future implementation of this website provide chat of user with each
other so they can help each other to resolve problem related to trading.
11. GOAL
To reduce the losses of trader and maximize the profit.
To quick overview of potential trading setups.
To make trading record accessible everyhere.
To reduce the effort of user for trading.
To help to new upcoming trader to trade hasle free.
To encourage the new upcoming trader to come up field of trading.
12. Tool and Technology Used
Software requirements:-
Vscode
Chrome or any other Browers
Node js software
Mongo db software
Hardware requirements:-
Processor: Pentium IV 1Ghz
Hard disk: 80GB
RAM: 1GB
13. Frontend (language or framework used):-
HTML (hypertext markup langauge)
CSS (cascade style sheet)
BOOSTRAP (framework for css and js)
JAVASCRIPT
Backend(language or framework used):-
Javascript
Node.js(framework for backend)
Mongodb(database framework based on javascripts)
16. CONCLUSION
This project entitled “online Trading journal ” is developed using HTML,CSS,
JAVASCRIPT and bootstrap as frontend and node.js and mongodb in backend to
provide:-
A record table to maintain their trading record.
To find information on current news ,products, trends within a specific
trade and industry.
To provide risk analysis of different trade
This project cover only the basic features required.
17. REFERANCE
FOR VSCODE, NODE JS ,MONGODB INSTALLATION
https://code.visualstudio.com/
https://www.mongodb.com/
https://nodejs.org/en/
FOR HTML,CSS &JAVASCRIPT
www.w3schools.com
https://www.geeksforgeeks.org/
https://www.youtube.com/