NEW: Live classes are posted - Click here to see the calendar!

How to Use Trello to Manage Your Stock Trades as a Trading Journal

October 27th, 2015

Hey, it’s Sasha Evdakov and welcome to Tradersfly.com where I share with you some insight about trading, investing and the stock market.

Now, in this week’s episode what I’d like to do is share with you how you can use Trello as a trading journal, or if you don’t have a trading journal, how you can use trello, for those of you who are a little more tech savvy, to record, track and manage your trades, now it’s not going to really give you the ins and outs of everything as far as a trading journal may or may not, but it really comes down to depending on how you use it. It’s not going to be like an Excel accounting format, but it just gives you some insight for things that you can study.
What I’m going to do is go to the screen, share with you some insight about trello, how you can use it to benefit yourself for your trades and how you can get the most out of it by using it as a trading journal.

This is really more for people that are a little more tech savvy, but even if you’re not, trello is pretty friendly once you get the hang of it. So let’s go to the screen, let me share with you some insight about how you can use trello to record, manage and just learn from your trades.

Here we are on the trello board, and this is just something I’m experimenting with right now, as far as recording and journaling my trades, now this of course is not used for accounting purposes, but it’s just for me to learn from, and depending on trello or Evernote, which we will do a video on Evernote as well, but depending on which one works out better, or maybe there’s another tool out there that may work out for screen capturing, I think that we’ll probably move along the lines of using one of these tools for actually managing and reevaluating my own personal trades, just because of the screenshot factor.

2015-10-21-stock-market-journal-with-trello.0043

If you’re not familiar with trello, let me give you a quick break down and I’ll show you what it’s really all about, and that way you can get a feel for it. Of course there’s other videos and trainings that you can read about, but in simplicity you have boards, so it’s kind of a sticky notepad, if you think about sticky notes and how you can move them around and rearrange them, that’s really how it works and you have different sections of sticky notes.

Let’s just go into the welcome board here, which will have your own different sticky notes, and what you can do is you can drag these different sticky notes around into different areas, so what you can do is create another little sub-board or a list of things, so if we create list one, what I can do is add things under here, you can use it as a to do list, and do it that way and then drag things around, but as you can see, you can even add in pictures, and that’s the beauty of it, behind trello, that we’ll be able to add in pictures, and when you click this, you can actually see when the pictures are attached, added and so forth. And for me, the beauty behind it is you don’t really have to upload a picture by hitting an upload button or anything, all you have to do is copy and paste. So if you know how to do the control C - control V method on your keyboard, and you have some screen capture software, then what you can do is just paste the picture in and it’ll automatically upload it.

2015-10-21-stock-market-journal-with-trello.0052

Before we get to that, what I want to do is go ahead and share with you how you may use this on your stock trades. So if we go back to that home page here, you can see I have a few different boards set up, and this is ore for demo purposes. So what I’ll do is go into the active trades area, and here I set up just some demo trade, just so you can get an idea of how I could manage my trades and look at my trades as I’m working within trello.

2015-10-21-stock-market-journal-with-trello.0076

And what I can do is, I can create this list, so if I started a new trade such as an apple trade, and I can input the date, and for me I have a text expander, so I just type in x date and it’ll output the date and that will be my new list. And now what I can do is start adding in different pictures, different trades and things like that.

Here what I’ve done is, I already entered one for VRX, and if you notice here, they’re in order, chronological order, so you can see I put the date in there, that way I know what card relates to what, but if you forget, if you click it, it’ll actually tell you when things were uploaded and when things were added. So the beauty is adding this picture, so when you click this board or this little card, it opens it up in this format, which allows you to comment and interact and interact and really do a lot of great things for business purposes, but for our purposes we’re using it as a journal.

What we can do is, if we click the picture, you can see that here I added this screenshot where you would enter the trade, or enter the trade here. Now again, remember this is just for demo purposes, and the stock is actually much further ahead than where it is right now, so after you do that, you can go ahead a few days later, you can say “ok I went ahead and add another note, took some profits here, it’s coming up into some support resistance” then you have another picture, so here it is, there’s my 2000 shares profit, you let the rest ride, as that stock is coming empowering higher.

2015-10-21-stock-market-journal-with-trello.0095

Here we go, then continues, stock moves up, so there it is, our initial point was right here, and then we continue to move higher with the supporting trade line, stock broke, and then we exited that position.

You can use it this way where you have different cards for your trade, and the way you’d go about it, so let’s say we’re doing an apple trade, so the first thing I may do is, I may pop a chart of apple up.

Before we go ahead and do the screenshot, if you don’t have a screenshot tool light shot right here, which is app.prntscr.com is a great little tool, so what you can do is download this tool, and when you hit the print screen you can just hit control C and it’ll copy it to your desk top or to your clipboard, and it’s a free tool, so take a look at this tool if you don’t have a screen capture software, now looking at the apple chart, you can see here we have the chart.

2015-10-21-stock-market-journal-with-trello.0131

And if we want to go ahead and put this chart in, I’ll just hit the print screen on my keyboard, and what I may do is go ahead and actually select it by dragging it, so here I select the area and you can see that we have a few buttons here on the side. Now if I move this over, you can see that we actually have some annotation bunds here as well, so I could annotate the chart as well and draw different lines of support resistance or notes if I wanted to in there.

2015-10-21-stock-market-journal-with-trello.0139

Now the beauty here is to be able to copy right here by hitting this button or you can just hit control C, so once I copy this on my clipboard, what I can do is go back to trello, and here now that we are in trello, I may go ahead and make a little note. So I can say looking to enter apple or enter apple at a certain price, and then what I’ll do is pop this up by clicking it and now I just hit control V, or what you can do is actually upload by dragging and dropping, but I find that’s time consuming, so for me I’m just looking to stream line things. So if I just hit control V, you can see it’s processing the upload, and it just takes a few seconds, and once the upload is processed it’s going to pop it up right here in the window.

There you go, as you can see, I’ve added this into trello, and we have our picture or screenshot of the chart, and if we click it, you can see a nice large version of it, and if you want to make it as the cover picture, you just hit make cover and now you can see the chart is right there, so when you click it, and you click it again then it opens up a nice big picture of that chart.

And you can continue adding the next chart and just continue adding more and more data as you move through the trade or through watching the charts, and this is just one way to go ahead and record and journal entry.

What I’ve done is added a few more trading examples that you can see of how I would manage it, maybe in trello, or just give you some ideas, again these are just examples. So looking at CMG, let’s just say you’re looking to short that stock, so let’s say you created a chart, you’re saying “ok this is on my watch list” if you’re using it as a watch list, then you say “ok its approaching is resistant. If it’s acting weak, I’m going to short it, if it powers higher I’m going to enter it long”.

Then you take a look at what happened, and what you did you can record it, so there was the resistance line, the stock sold off, so you short the stock and you can mark it in your notes, entry point 200 shares and you could say short.

And then you can go ahead and continue this process, so now here’s your resistance line here, here’s the support line, and if you needed to take some profits as the stock is approaching the support line, because it can bounce, then you can go ahead and mark it and annotate it within the software or the program, or within just trello, and it just allows you to capture those screenshots and continue to the trades.

2015-10-21-stock-market-journal-with-trello.0161

You can do the same thing with let’s say an option trade Netflix, so here you have Netflix, so here’s your initial chart, what it looks like, and then you can say “ok well, here’s my initial set up and where the stock is and how it’s doing so I’m at 0 dollars or 9 cents in profit. I have one contract, I have a calendar spread and there’s all my data Vegas, Deltas and Gammas, all my greeks are there, so you can always reference back, and then as the stock continues to move on, you can go ahead and add annotations saying “ok well on this day it was up eleven dollars” And then you can attach a regular chart as well, and then here you can say “ok, now we’re up at 32 dollars in profit on this date” let’s say October 27th 2015. So you can do it that way as well, now if you don’t like this method of using the list, and you want to be a little more compact such as you’re more active in trading, you can do one card per trade, so that way it’s every card for each trade, and you can move the trades around, such as, if you have a success or a winner area or a review, or a fail trades, or scratch trades, so those are trades that you broke even on. So then if it’s successful you can move it to success, and you can label it as a green, so you know it’s success.

2015-10-21-stock-market-journal-with-trello.0232

Now, the way to do this is, you just make one card for the trade, so what you do then is, and in fact it’s again chronological, so you have to start at the bottom, because as you start adding on to it, so here would be your Netflix trade again, and then, you know, you wait a day or two, and you can add a comment here and then you add your next picture, and then you can start reviewing the trade, ok? A few days later Netflix is pulling back slightly, which is helping out our calendar, and then you can show that picture that it’s up in 32 dollars profit, and it’s October 27th.

2015-10-21-stock-market-journal-with-trello.0266

You continue doing this process, and if you were to do this with let’s say VRX, the same thing, so you would add your comment right here based on how the stock is doing, how it’s performing, then what you can do is take a screen capture of the chart or the trade or whatever it is that you’re doing, you can go ahead and select it. And once it’s selected, you just copy it, control C, and then we go back to our trello board, and now we simply just paste it in there, and there it goes, so in this case we just paste it in a chart of apple, but you can see that you added your comment right there, we can add another comment if we want, and just continue to add notes and annotations to our trade.

Of course you’d have to read it in reverse, but all in all you get to see screen captures of your trades, how they’re performing, and you can look back on things, and if that was a successful trade, what you could do is go ahead and mark it as green by pressing one on the keyboard, move it into the successful trades, and then later what you can do is organize them by month or by year, it’s totally up to you depending on how many trades you’re doing.

If we have 2015 previews trades list right here, what we can do is, we can move to success, move all the cards in the list, move list right here, and we’ll just move it to the previous trades and there we go, and now we can see all our success trades, and then if we had a fail list, we would have a fail list, and that way we can review it, and we can just continue to build all these different boards out year after year, so then we may have a 2016 trades and so on, so you just continue to build this out as you start progressing in trades.

This is an option for you if you’re interested in trello, or you like using trello, it’s very quick and friendly, we use it extensively on our business site of, you know, education, so from creating blog ideas and blog posts, I’m experimenting with ideas about using this actually in my own trading as well, I’m still debating between this and Evernote, and we’ll see how Evernote does as I do more tests and get more friendly with it and see how things play out.

2015-10-21-stock-market-journal-with-trello.0280

This is a great starting point for those of you that like the quickly screen capture, the charts, and it works out really well, since you’re also able to use it as a mobile device as well.
Now trello is absolutely free and you can use it just the way that I shared in this video without purchasing any additional plans. Now they do have some additional plans that if you want to change your background color, or just some other little benefits that you can go ahead and purchase a plan within trello, but you don’t have to do that.

Now one of the ways to get free additional bonuses within trello is just to recommend it to people and share your link with them, so if you want to go ahead and sign up to trello and you want to give me some credit for the sign up, it doesn’t cost you anything extra, but in order to do that, all you need to do is just go to trello.com/sashaevdakov/recommend and then just sign up and again, it doesn’t cost you anything extra, but it just gives me an extra free month of trello gold.

Nevertheless hopefully this gave you some motivation to start or create some journal entries for your trades if you’re doing trading. If you’re into more of the technology tools, then maybe this is just one of an easier ways to track your trades and manage those trades, so that way it’s not cumbersome, but that way you can also go back and learn from them.

Alright, so there you go. I hope you found this video helpful and insightful about how to use trello to learn from your trades, to record your current or active trades and just manage your stock market portfolio a little bit to see how things are doing and just learn from them. Remember that a trading journal is really beneficial because you get to learn from them. And you only get to learn from them if you get to look and see your past trades. Now if you’re not able to do that, you’re not able to look and study your past trades or you don’t do that, there’s really no point on keeping a trading journal.

Now if you don’t keep a trading journal, chances are you probably don’t have a system in place, and you’re probably not treating this seriously enough to the point of treating it like a business. So keep a trading journal, whether that’s in trello or some other form but really trello is a good way to start, if you like the application, but if you just want to use pen and paper, that works out just fine.

Hopefully this gave you some insight to using another tool as a trading journal if you don’t have one in place. So hopefully if you don’t even have a trading journal, maybe it moves you past that hurdle and gets you started in creating one, and just by seeing how easy it is to do, you cans see that it doesn’t take a lot of time to create a trading journal and just continue to learn from your trades or go back and study some of your past trades to see what you did right, to see what you did wrong, and to see what actually you can do to improve because in the end it’s all about you, it’s about how you can get better.

Alright, so thanks for joining me in this video, I hope you found it helpful and insightful and if you did and you want to see some more videos like this one, or ever longer videos, like my stock market recaps, that are sometimes 20 to 35 minutes long, about the current market conditions, then go ahead and click this link right up here, when you get there, enter your name and email address and you’ll get notified through email when a new recap is released.

But if you just want to continue hanging out on YouTube, then just click one of the thumbnails right bellow and you’ll continue learning with some of the other lessons that I have available.
Thanks for joining me, and remember: There’s more to life than just financial gains, go out, do what you love, contribute to others, but most importantly live life abundantly.

I’ll see you next time.

Author: Sasha Evdakov

Sasha is the creator of the Tradersfly and Rise2Learn. He focuses on high-level education speaking at events, writing books, and publishing video courses on business development, internet marketing, finance, and personal growth.

I'm Sasha, an educational entrepreneur and a stock trader. In addition to running my own online businesses, I also enjoy trading stocks and helping the individual investor understand the stock market. Let me share with you some techniques & concepts that I used over the last 10+ years to give you that edge in the market. Learn More

Join over 31,258 regular people who are bettering themselves in the stock market.

Click Here to Sign Up

This is a community that is motivated to learn & improve their skills.
Join us and get free training lessons, freebies, and exclusive promotions.

want some helpful advice?

pay per minute coaching

I am scheduling helpful coaching sessions for people who are interested in real-world advice & guidance where you only pay per session. No long term commitment required.

Learn more
This website and content is for information purposes only as Rise2Learn, TradersFly, and Sasha Evdakov are NOT registered as a securities broker-dealer nor an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Rise2Learn, TradersFly, and Sasha Evdakov cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Rise2Learn, TradersFly, and Sasha Evdakov in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Rise2Learn, TradersFly, and Sasha Evdakov accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.