I noticed that DionysusToast is a vendor. Probably been identified as a vendor for a long time but I just noticed it and went to his website. Found a free offering of a book called "Surviving Day Trading" and read it. I found this book to be …
And last, you can ask questions directly to Peter Davies, Founder of Jigsaw Trading, in his AMA thread here:
Peter Davies, Founder of Jigsaw Trading, will be monitoring this thread so that he may answer any questions that you post here relating to Jigsaw Trading products and services.
Please keep in mind that some customer service/technical support issues …
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
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Hi guys,
It is my pleasure to announce our 327th webinar event and welcome Peter Davies @ Jigsaw Trading & Journalytix on Thursday, December 6th @ 4:30 PM Eastern US.
The title of this event is "Trader Improvement - Implementing a Practical Process to Improve", and bullet points include:
- How-to compete, train, and improve your weak spots
- Stop re-inventing yourself – instead work on sustainable incremental improvements
- Best practices of trade journaling using Journalytix
- Trade tagging and analytical reporting/analysis
- How-to properly do a Daily/Weekly/Monthly recap, with a focus on improving and understanding outliers
- Live Q&A session during the event
With any sport (and a lot of professional endeavors), keeping your edge and improving is something you do separately from competing. You compete, you train, you improve your weak spots.
For a lot of traders, there is no process of improvement. Retail traders tend to be either clicking buy and sell OR looking for a new way to trade. Very few people are engaged in finding and correcting their weak spots. Rather, they keep re-inventing themselves.
For some people - like the trader we'll discuss at the start of this webinar, they are closer to success than they think, they just aren't taking steps to locate and rectify their weak spots.
In this webinar, we'll look at the weak spots of one trader, how we found them and how we'll move forward. We'll see the potential benefits of ironing out those weak spots.
This won't be the end game for this trader, once we iron-out these weak spots, we'll find a different area of focus.
In the process, we'll take a look at best practices for getting the most from your trade journal on Journalytix.
We'll look at this from 2 perspectives - how to operate the tools & how to put information into the tools, so you get the most out of them.
For example, we'll look at methods for tagging trades in different ways, so that you get the most from the analytics. We'll look at how to focus on specific issues in your trading and understand if you are improving in that respect or not.
We'll take a look at the daily/weekly/monthly review process and how to focus outlying days, so you understand whether or not that's something to consider moving forward.
There will be plenty of time for Q&A in the session.
If you are looking to make the most out of your trade journal and in turn your trading, this webinar is a must see.
Very interesting on how to have a good journal.
Love the hashtags, the #FOMO is for sure the BIG one
I confess that I don't have much patience for journaling but you are indeed make things easier for us.
It's almost impossible now to complain how hard it is to keep a journal.
Thank you for bring this tool to the market.
For sure the best app for 2018.
If I become half a percent smarter each year, I'll be a genius by the time I die
The following 3 users say Thank You to arnie for this post:
I use journalytix in my (almost) everyday trading as it makes my life so much easier. And even though most of it is still demo, it is a great tool.
The most useful features for me are:
Economic news pop-ups
Journal the trade pop-ups
Daily, weekly, monthly performance charts
To be honest, I have always been horrible at keeping a journal. I had several Excel versions but none provided enough insight into what I was doing badly or well. I tried other journals as well but I have always stopped using them as it all seemed too much work not to mention journals written by hand... Beta testing of Journalytix came at times when I was thinking of what to do with my trading. Since then I am trying to overcome my monkey mind and do stuff that is not always comfortable including having a journal and reviewing it.
The first thing that I have soon started to really appreciate is the pop-up “request” to journal a trade. At first it was annoying but then I realized it does several things:
At first, it helps me clarify whether I really want to be in the trade (I have always struggled with FOMO. It does not prevent me from taking FOMO trades but it helps me realize that I am doing it.)
It helps me remember the criteria of my setups.
It makes me think of trade management and sometimes prevents me from second-guessing.
The added option of talking about my trades instead of writing notes elevated it even higher 😊.
I also like the performance charts with various criteria and filters. I know it sounds a bit silly but reviewing all the colors during my daily, weekly or monthly reviews satisfies my sight. And yes, it sometimes reveals behavior patterns (not always, some of them are not easy to spot) which direct me where dig deeper and see what results such patterns bring.
Also, adding the hashtag seems great (it is new to me – learned from the webinar) and I will definitely use it.
I do like journalytix complex yet organized nature. I think I am not using it to its full potential but it still serves its purpose.
H.
The following 3 users say Thank You to hadamkov for this post:
Journalytix has several features that make life and journaling easier. Prior to having an automated method to journal I had to maintain a spread sheet and onenote to keep a record of my trading. With Journalytix I have some of this information, like all the trade analytics, automatically, and the other information is easily captured. We have all been told, at least I hope you have been told, that you need to journal your trades. Without it you have no idea what is working and what is not. You may have a hunch or an idea, but until the data is staring you in the face you have no real way of knowing what is and isn't working. Journalytix allows the capture of the trade information that will really let you have information that is valuable in your future reviews of your trades. It quickly captures a rating of some key questions and easily lets you designate methods and errors of the trade through definable trade types. You can then use your mic to capture a quick text summary as well as put in screen shots. As a journal goes, you really have everything you need. The additional functionality of the news reader, event calendar, as well as your trade dashboard with all your statistics make it very complete. Data is almost worthless if you can't get to it in a meaningful way. You can search your journal with text and hashtags. The leaderboard rounds it out to help put yourself into perspective with others and puts a slight amount of accountability on you to perform, competition has a tendency to be a strong motivator. Overall Journalytix is a great way to capture your trades.
The following 6 users say Thank You to Karn for this post:
JigSaw, Journalytix is a feature rich, easy to use Journal. I have not seen anything like it available anywhere. It automates the journaling process and gives you the ability to add images and videos easily. The analytics are informative and insightful. If you using excel or other journal, you definitely should give Journalytix try.
Trade well,
Ewaver
The following 3 users say Thank You to ewaver for this post:
I've tried a number of journaling tools, and Journalytix is the best. It has a rich array of features that allow me to see how I'm doing on an intraday, daily, and monthly basis. It integrates news, twitter, etc. feeds as well as alerting me to economic data releases. Best of all, it is super easy to use. It is web-based, and my trades show up in real time in Journalytix, and I can make trade notes either by typing them in or using the voice-to-text feature. In short, it keeps track of all of your trades in real time without getting in the way.
Journalytix provides simple but powerful analytics to track how the day is going--the number of trades, P/L, and risk (number of contracts open at a time), all broken down by the half-hour. I still download my trade data and upload it to TraderVue for additional analysis at the end of the day. But based on my experience with Jigsaw--in which the product has undergone continuous improvement--I wouldn't be surprised if Journalytix added additional tools for statistical analysis down the road.
My main request at this point would be the ability to track MAE not only in terms of the number of ticks the trade goes against me (which Journalytix does) but also as the MAX of (total number of ticks the trade goes against me * the number of open contracts). Having 2 contracts go against you 10 ticks is not the same as having 10 contracts go against you 10 ticks. And holding 10 contracts to a 10 tick stop out is not the same as scaling out of 5 and getting stopped out of the remaining 5. Other tools I've used (e.g., Stage5 Trade Analyzer) can do this, and I hope that Pete will build out that capability in Journalytix.
Bottom line, Journalytix is a great way to get to know yourself better as a trader. If you don't have a rock-solid trading journal up and running, give Journalytix a look.
Mike
The following 3 users say Thank You to mackm for this post:
Jounrlytix has to be hands down the best add on program I have found in years of trading - or at least since Jigsaw Daytradr. This product is way more than the trade summary tab on your current trading platform.
Where do I start? How about the day overview page - this shows my current P&L, recent trades, upcoming economic releases, and current news. When I do make a trade, they enter into the web-based system automatically, so I do not have to think about logging them in the heat of the moment (or importing them later like in other platforms). They are real time instantly available to review (or within seconds of making the trade). When I get freed up, I can go back and enter text notes and even audio notes - this means I can basically verbally journal w/o taking my eyes from the DOM. I constantly check for way to improve my focus and the types of trades I take. I switch between looking at different time frames (time of day, day of the week, months, etc.), to different instruments, and even between my sim and live accounts, - I love over analyzing everything and this tool is perfect for that. Reviewing my trade history by day or even by week going back months at a time is also something I love - this allows me to look at trade number, win percentage, P&L, draw down, and max win. The part that is cool is the Leaderboard - this makes me feel first off like I am possibly being held accountable for my trades. Kind of like if I am part of a prop firm. Either way I am part of a community and I can review the trades of others and analyze how they are doing compared to me and maybe even pick-up a few ideas on how others trade and what they are thinking.
My thoughts - as a standalone journal/logging tool this product is outstanding and very intuitive to use. But, add in all the other capabilities and features and it becomes a first-class performance add-on you should not trade w/o. Bottom line this product has changed the way I approach each trading day for the better.
Jbover
The following 4 users say Thank You to jbover for this post:
Have you contacted Jigsaw about what you're seeing?
Which platform are you using? Are you using daytradr? Which version? Are you using more then 1 platform to place trades? Which feed? Which broker? Which instrument?
I can see 2 or 3 things that can generate the issues you're seeing.
-If trading from daytradr, you might be using an old version that might have a bug that is generating bad data in the database.
-If connected to the same account using 2 or more platforms, can easily generate duplicate positions.
-Seeing trades on weekends indicate that you might have the wrong time zone set, which by itself might generate wrong PnL data on the Calendar.
If I become half a percent smarter each year, I'll be a genius by the time I die
1. Yes have done previously when it showed an incorrect DD. They never contacted me back but it was fixed a few hours later.
2. Platforms. I use a CQG link to Tradovate and I also use mt4/5 via ICM. Instruments vary, futs and some fx/cfd's
3. Timezone is set correctly. Some days everything is fine and other days things go awol.
Last Saturday and Sunday's trades showing below and also a very large DD on the Friday which is totally wrong as is the P&L.
Got lots of open trades which are closed as well and one of them has been triplicated, other showing incorrect lot sizes etc. Just a big headache.
I've actually decided to cancel the subs as its of little use to me if I have to spend ages double checking things. I have lost confidence with it now. Glad its working we for you though.
Journalytix's recent Spring Forward time change, is not in sync with the time stamps with any journaling done before then.
See how the time in my picture is different from the time stamp now (picture taken on 3/14/2020). The time change was last sunday (3/8/20) and this trade was before then on 3/5/20.
Notice how the time-stamp at the top in the journal entry is different from what I logged? Be aware if you are using Profit Seeker to show your results based on the time of day!
“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
The following user says Thank You to hen322 for this post:
I noticed that issue as well as another query. I wrote to their support on Tuesday, five days ago, haven't had a reply.
This was the email with the things I mentioned, point 2. being about the timezone change.
Having said all that though, I like it overall and I do think the customisable news squawk is very good.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
The following 2 users say Thank You to matthew28 for this post:
I wouldn't normally post other people's emails to me, but as it answers the previous two posts I think it could create an unfair impression on Jigsaw not to.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
The following 2 users say Thank You to matthew28 for this post:
Anybody using Journalytix and find that occasionally trades are left open when they have been closed.
The individual trades show one trade left open from yesterday, and another one from today. The open PnL isn't changing as if they were open trades, because they aren't open.
Clicking the waste bin on the right doesn't do anything and there is no way to delete trades in Journalytix, one of the features, great if it records trades correctly not so good when it is recording trades wrongly.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
The following user says Thank You to matthew28 for this post:
My experience so far is that he's always very responsive.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following user says Thank You to Daytrader999 for this post:
Fixed.
At some point I did try to resend the stats, but I also tried deleting the documents folder database PnL files, and then saw that the Journalytix Open Trades trash cans had changed to green and clicking on that icon did allow me to delete them.
Thanks.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
I obviously worded that badly. Either re-sending the stats or deleting the PnL files fixed it. I no longer have the open trades in journalytix.
I was just replying to say thanks, thanks, and I don't need to Skype you.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
The following user says Thank You to matthew28 for this post:
I prefer Journalytix not only because of the possibility to generate multiple trade statistics, but also because of the integrated fully configurable real time news feed and news calendar with alerting function.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following 2 users say Thank You to Daytrader999 for this post:
, and I don't need to Skype you.