The best Stock trading journal - 10 reasons

When we created Edgewonk, we knew that no two traders are the same. That’s why we built a trading journal that adapts to any market—whether you trade stocks, forex, futures, crypto, or anything in between. With powerful customization features, Edgewonk molds to your specific trading style and strategy, making it the perfect tool for traders of all types.

Unlike generic spreadsheets or basic trade logs, Edgewonk goes beyond just recording trades. Its smart journaling, trade tagging, and in-depth analytics make it easy to spot patterns, eliminate weaknesses, and sharpen your edge—no matter what market you trade.

In this article, we’ll break down 10 reasons why Edgewonk is the best stock trading journal and how it can help you trade smarter. In an upcoming article, we’ll dive deeper into how to optimize Edgewonk for different markets, from forex and futures to crypto and beyond.

Best Edgewonk stock Trading Journal features

1. The Simple and Important Basics

After importing your trades from one of our hundreds of supported brokerage platforms or adding your trades manually to your database, you will get instant insights into your trading performance.   

• Winrate
• Average winner vs. average loser
• Expectancy (are you profitable or not?)
• Performance ratios like Profit Factor
• Our very own Edgewonk Score rating the quality of your system
• …and much more.

These insights are important for every trader out there and they build the foundation for your performance analysis. 

2. Time-Based Performance

For stock traders, time is incredibly important to analyze. Are you doing better during pre-market, during the open, in the afternoon, or even during the closing hours and post-market? Mabye it is better for you to spend the summer months on a beach and not in front of the screens?

The Edgewonk stock trading journal will tell you with the click of a button so you can improve your efficiency immediately. Analyze your strategy by:

• Time of day
• Day of the week
• Month of the year
• Holding time / duration of a trade

3. Long or Short?

In the stock market, price movements can behave very differently on the long and short side. Are you doing better trading long or short? Especially as a beginner in the stock market it pays off to focus on just one side and master that before trying to trade in both directions.

Knowing where you do better is crucial to decide where your efforts should go in the future. Edgewonk will give you that insight once again with the simple click of a button.

4. Ticker Tracking

Every stock out there has a distinct personality, some of which are better suited to your strategy than others.

If there is a name that you constantly lose money on, simply stop engaging with it – Edgewonk will help you find out which ticker that is. On the other hand, if there is a stock that helps you bank big, you might bet even bigger the next time an opportunity arises!

With the help of Edgewonk’s custom stats, you can also track the market cap of a stock, helping you identify whether you do better in large caps, mid caps, small caps or penny stocks.

5. Earnings Plays? Parabolic Reversals? Trading the News?

Most stock traders have multiple setups they trade. Knowing how these setups perform is crucial so you can focus more on the ones that make you money and improve the setups that are not performing as well as you’d like with the help of Edgewonk’s insights.

Tagging your trades by setups (or strategy, whatever you want to call it) in our stock trading journal is one of the first steps towards becoming an independent trader.

6. Market Condition

Market condition, to a very large degree, governs strategy performance in the stock market. With Edgewonk and the help of our custom statistics, you can track…

• Whether we are in a bull or bear market.
• What the VIX is doing.
• Where the SPY or Russell are trading.
• How the small cap market has been doing recently.
• …and anything else you can think of!

Edgewonk will then show you correlations between market moves and your trading performance. This will help you decide whether putting on a new long trade in a raging bear market even makes sense for you or whether it is time to sit on the sidelines, for example.

7. Trade Management

One of the biggest painpoints of any trader is what to do after entering the market. An effective trade management approach can turn a losing into a winning strategy.

Edgewonk will help you massively improve your trade management by telling you how your trade management performs versus a simple set-and-forget approach.

With our “Alternative Strategies” feature you are also able to test different stop loss, take profit and trade management approaches based on your historic entries.

Maybe trailing behind an EMA 50 in a trending bull market gives you better results than always taking profit at 2R?

Whatever you can think of, you can test to find the best trade management approach for your personal entries.

8. Psychological & Behavioral Analysis

A trading strategy is only as good as the trader executing it. With the Edgewonk stock trading journal, there’s myriad ways to keep trader condition in check.

Our Tiltmeter shows you the direct correlation of the quality of your decisions to your equity curve. The better you execute your strategy, the greener your Tiltmeter, and the steeper your equity curve should be if your system has an edge.

The efficiency chart, on the other hand, gives you an idea of how well you execute your strategy in general – an efficiency above 90% means out of 10 trades, you only made a mistake on one trade. That is a good number to aim for.

9. Individual Stock’s Stats

Obviously, a stock trading journal should give you the ability to track a ticker’s individual stats, as well.

Whether you want to track…

• Float
• Short interest
• Institutional ownership
• Average volume
• Earnings
• …or anything else.

Edgewonk will allow you to do so with its custom stats – you can fully tailor your journal to your needs.

10. Trade Size

As many stock traders love to trade different sizes in different situations, of course it is important to track that, as well, and find out how that affects your performance.

Again, this is absolutely no problem in the Edgewonk stock trading journal. We also have graphs that visualize your position size decisions and their impact on your performance.

Edgewonk Is the Ultimate Tool for Every Stock Trader

Whether you daytrade small caps or positiontrade large caps, Edgewonk is the stock trading journal you need to take your trading to the next level – be that reaching profitability or optimizing existing strategies.

With its unbeatable price point, constant ongoing development and helpful features, there is no reason not to start journaling and improving today.