Entering your first trade in Edgewonk
Entering a new trade into the Edgewonk trading journal is very straight forward and with the new trade entry mask, you see all input fields at the same time. Not all fields are mandatory and we will quickly walk you through the different fields.
Tip: You can use the Tabulator button on your keyboard to jump from one field to the next one and speed up the input.
General Trade Data
Here, you enter the general information such as the date when you entered the trade, which instrument/market the trade was on, the type of setup or strategy of the trade and whether it was a buy or sell (long or short) trade.
Here you enter the original entry price and the quantity (optional). The stop loss and take profit fields are also optional but we recommend entering them to enable some of the advanced Edgewonk features. For the two fields, only enter the initial stop loss and take profit price levels. Don’t change the values when you move your orders – Edgewonk has other metrics to keep track of trade management.
Here you enter the date when you exited the trade, at which price, the profit/loss (net of fees) of the trade and the fees you paid (optional).
Price Behavior (optional)
This area is completely optional. Here you enter the highest and the lowest price observed during the duration of your trade. The input does not change for buy or sell trades and you always record absolute highest and lowest prices. Under OTP Hit, you select whether price would have reached your profit target before it hit your stop loss.
At the bottom of the mask you have space for personal notes and on the right you see a few trade statistics which update once you enter your trades.
The advanced tab (optional)
Everything under the advanced tab is optional and here you find our popular Custom Statistics and also the general Trade Comments. The Custom Statistics act like tags and you can use them to track personalized data and information about your trades. Here are some usage examples: Custom Statistics usage examples
Under Trade Comments, you can add comments that describe your entry, the exit and the overall trade management. The Trade Comments will then also activate the Tiltmeter – read more here: How to leverage the Tiltmeter with the right trade comments
Of course, you can also attach screenshots to your trades which will then be shown in the Chartbook.