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

November 24th, 2015

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

In this week's episode what I'd like to do is share with you How to Create a Trading Journal using Evernote. We've already talked about how to use Trello in order to track and manage your trades and you can visit that video by clicking this link right here.

We've already discussed using Trello to track and manage your trades or use it as a trading journal. Now in this video what I'd like to do is share with you how to use Evernote to again screen capture, to use Evernote as kind of a trading journal.

Now, me personally I'm a little more old-fashioned so I do like the pen and paper I just because I feel more connected to it I guess but in general I'm trying to move a little bit more towards one of these more digital friendly methods and that is because I'm able to screen capture some of the things in the charts and record those to go back and look at some of the charts.

In this week's video that's what we're going to do, we’re going to go and use Evernote to use it as a trading journal so that way we can continue to see how our trades are going, to monitor our trades and learn from our trades.

Let's go to the screen and see how it would go about setting up a trading journal within Evernote. Here we are in a demo Evernote account simply for the fact of having less clutter while demonstrating your journaling entries for your trades.

The way that I'm going to do this is first set up a notebook or two and this is going to depend on how you want to organize your trade so Evernote when you think about it it's really all about notebooks but then also tags.

You can tag things or different notes with tags, kind of like Gmail does with different emails they have different tags. So it's a way to assign kind of like keywords to specific notes and that's what we're going to do is as far as our regular notebook I'm just going to call it at inbox and that's just to keep it right there at the top.

We’ll create another one and we'll just say 2015 trades then we can do the same thing to 2016 trade. So how you organize and sort things it's totally up to you but we're just going to go this route just to give you an example and that way you get a little bit of an idea of what's going on and what's happening.

Now if I want these notebooks always to be accessible, I can drag them to the top. Now inboxes just things that are coming in but what I want to do is also create an active trades notebook as well. So these would be like a trade that I'm currently in right now that are actually happening and if I want it at the top or sort it a little bit ahead I can just do at active trades and then it should reorganize that towards the top next time I restore or restart Evernote.

There we go the active trade is at the top and just to give you an idea of how things work within Evernote is its really powerful for note-taking. So I use it heavily for notes when I go to seminars attend seminars for different business ventures that I have and also just educational materials so if I’m reading a book I like taking notes with in Evernote because it just makes things easier or we use it for household documents and things like that.

It really focuses on notes but what could do is create a trade know so every time you're in a trade or for a specific stock you could create a note for that. The way it operates is you go ahead and hit click note and we do it in the in box for now just to give you an idea.

The way I set this up is to put in the day the type of trade and just want to put parameters in and what makes Evernote powerful is the screenshot capabilities because you're able to screenshot things take pictures and so on.

My quick way of doing this is to use a text expander and for those of you that never heard of it you can go to or or just search for text expander or phrase expander software and you'll find a bunch of them.

Now the way I right in the date is I’ll just type equals as date and it’ll go ahead and expand that text and this is the same way that I go ahead and expand all kinds of texts like be right back, it's bedtime for me or it might be something like writing an email to somebody.

It might be like writing an email, place the cursor where we want and then it outputs the whole email especially for those of you that asked the same question, that's the way we do it email getting started so we'll just go ahead output the name put it in there then hit ok and it expands things.

The way that we use this phrase expanding capabilities is so that way we don't have to copy and paste the same thing time and time again. So every time I create a trade or there's an action for a trade we go ahead and for me I’ve set up the function equals day and it'll pop up, I’ll hit shift and now I can go ahead and fill things in.

If it's the first day and then the current date then if it's a profit loss or none of those then we can say the amount that we made for today. we can say our stock price for the stock it might be 122, how many days remaining if it's an option? It might be let's say sixty days remaining or forty days remaining total profit loss on the whole trade, it might be let's they 2539 dollars so I’ll place the mouse back there to make sure they sit right there go ahead and it fills it all out for me.

Now that I have this what I can do is if my initial trade was to get in or get out I can use this capability to go ahead and track and record items or data. Now if you don't have a text expander you can go ahead and you know just copy and paste these things or the variables that you want.

What you can do next is to input screen shots, now Evernote does have a screenshot capability which I use from the professional version or the business version of Evernote. Now Evernote does have a separate program called Skitch and Skitch allows you to screen capture things.


If I go ahead and hit screen capture and now it allows me to select an area or a box somewhere else to go ahead and screen capture that shot. Now I'm going to go to my other monitor and I'm just going to screen capture a chart of PepsiCo so here we go and there comes the screenshot of the chart so you can see that that chart popped up within Skitch and now what we can do is save that to Evernote.

Once I hit saving to Evernote I link the two together where you just enter your two log-in credentials and now it should be in there so now what we need to do is sync the two programs because it's in the data base in the cloud and you can see the screenshot is right here.

Now unfortunately this is now two different notes. So in order for us to merge the two we can click both and then we can select merge or right click and go to merge notes so that's one way of doing it but I find that this is problematic especially if you're doing a lot of screenshot.

I may screenshot my profit loss, I may screenshot the chat, I may screenshot the option so this really becomes tedious and you can't really select this picture and you can't then paste it in here it just doesn't work.

Instead what I found was we don't take screen captures with Skitch, instead the way I do it is by using a program just like I showed you in the Trello video example of managing your trades is it's called Lightshot, screenshot tool

If you go there or search for it it's something like this you download the program and it works out really well. So what you can do now is just hit the Print Screen on your keyboard and when you hit the Print Screen that dialog box pops up so you just select what you want to screen capture.

Now I may select this chart and if I select just a little bit of it you can see that right here I have these different annotation tools so I can go ahead and draw lines on it. I can go ahead and add arrows saying I entered the stock there so you can do a lot of different things and you know change the color up of these annotations so you can add things of where you entered the trade.

If you entered the trade there that's what you would do but all you need to do is select the area you want and then hit Ctrl+C or there's a copy section right here and now copy the screenshot and now I'm going to go back into Evernote and now go ahead add a few lines of space paste it in there and now we have a beautiful chart of what we did within the trade within the stock.

As the days continue moving I can go ahead and say okay well on day two, again I'll do my function command or if you don't have the this text expander or phrase expanded you could literally just copy and paste this and make adjustments for your different days and times and so on but for me to make things quick and easy, I use the text expander and that's just saves me a little bit of time.

Now the days to expiration with change and everything would be adjusted so just to give you an idea. Next thing you go ahead make your changes so you go ahead keep your stops there days till expiration you wouldn't have because you are not in an option trade.

The next thing you do is you go ahead put in the next chart so let's just say the stock makes adjustments or you want to put in the hourly chart, again you go ahead take your screen capture now we go ahead and add any annotations if we want.

If we want to go ahead and say ok this was our entry spot then we can go ahead and copy that go back into Evernote paste it in and there we go. So you can continue doing this as you expand and you can also do this with your profit losses copy it and then go ahead and paste it right in there so there we have our variables, how we did.

We had Netflix 2 percent change, 15 dollars in profit for the day $1.34 so in fact those numbers would add up so day profit let's just say $1.34, total profit would be $15.67 and you continue this process moving on to the next chart and the next chart.

Now as far as organizing all these trades as you go through it you can go ahead and continue to stack this upon until you're done through the trade. So you may continue this all the way to day number fifteen or twenty five if you want to do day by day, where your profit is whatever it is.

Let’s say $56 and then you can say okay exited the trade for $56 in profit, decided that earnings were too risky. So you can continue this process and then go ahead and take another screenshot and add it in.

Now as far as your titles organizing everything like this, here's the way that I would manage this in Evernote or the way that I would do it. Now we have this note that we've created and you may have many of these trades so this would be one trade on Netflix or PepsiCo or whatever trade you’re doing.

The first trade what you would do is you would have maybe the date then you may have on Netflix then you may have how many shares. You can add a lot of different things to it so that way you know what it is. You can have it long or short an option contract the calendar.

As you start setting these things up you will know exactly what that trade is about and you can start adding tax so for example if this trade is still live which you can do is make it an active trade. If it's a long trade you would say long and you would continue adding these different texts.

If it's Netflix and you trade Netflix often, you can type in that ticker symbol you know and then you can go ahead and add in any option trades as well. If you're doing option trades you would add in calendar and I'll go ahead and do that now so that way my tags get filled up, so you can see these tags are getting filled up right here.

We can do option trades such as option trade on its own, we can do a vertical so now I start feeling these up. Now of course these verticals and these calendars do not apply, so what I can do is sort my tags. I'm going to create a type of trade hierarchies so now we have a type of trade and then what we can do is drag in the calendars, drag in the Longs, drag in the option, a vertical in there.

Then we can also create a new hierarchy and that tag could be active, inactive So we'll have the active there and then what we can also do is create another hierarchy of stocks and now we can drop in Netflix and there.

If we also had other stocks we traded like Microsoft, Tesla so now those tags would get added in there and we can go ahead and drag those in there as well. That way in the future as we start building on this tag area we can go ahead and just reuse tags or if you want to look back on these trades we can look back on them.

You can also create years such as 2015, so you can go ahead and create years such as date of the trade so here's our year so you know when that trade was and you can pop those in there and put it in your tag as well on your trade.

If this trade was active I would go ahead and move it to active trades that way when I go to the active trades notebook I see all the active trades that I have. Here on this trade what we may do it is go ahead and say that ok this trade again will put in the date and then I'll go ahead and say ok let's say this one is PepsiCo we have let's say 200 shares and then we are a long position and I may go ahead and do more trade.

Now you can see the active comes up there then we'll type in PEP for PepsiCo ticker symbol we can say it's a long and you know you can continue to expand this 2015 for the year and now you have this trade ready to go. So as you start closing out the trades which you may end up doing is this is in the active trade so as you start closing these trades out which you are probably going to do is start adding in also success and failure.

This one might be success and then another one might be a failed trade so you'll have a failed trade. So as you start feeling the same you may have different trades that you want to go back and watch and see how they did so in this one I'm just going to move this and do it in create a new tag.

Now I'm going to just move this failed in here and success in here so that way in the future I can filter those as well so what I may do is now take the active trades and just if once these are done and finished I'm going to go ahead and move them into the 2015 trade.

Now I’d have no active trades and then in my 2015 trades these would continue to archive and stack up. Now if I wanted to see the failed trades I can go ahead and hit failed and I would see that trade.

If I want to see the success trade I can hit that one and that would show our PepsiCo so the failed one was our Netflix the success was PepsiCo and I can go back and look at the charts exactly how they're presented, what they're doing what I did wrong and allows me to just go back and look at things.

If I want to go ahead and just see Netflix trades, PepsiCo trades or any other trades again they're all in there and I can go ahead and click around and this really just set things up fairly well for a trading journal.

That's kind of the important part behind the trading journal especially in Evernote is that you're able to capture screenshots again for me I found that the Lightshot version works very well for screen captures of course you could do the new screenshot right here with this button and control + shift + J to get it in there but I find that’s a little troublesome to really merge things in.

Instead I would rather copy and paste them right in there and you can go ahead and input the charts, you can put the minute charts, the daily charts, you can input the profits and losses in their of your accounts and just really allows you to build out your trading journal in a really clean fashion in a notebook form.

I hope you got some insight about using Evernote as a trading journal, as you can see it's very powerful to screen capture your charts, or screen capture your trades or your profit losses and all these different things are very powerful when you go back and look at the history, when you go back in look at your winning trades or you're losing trade so it allows you to really dissect things

Now if you don't go back and study your training journal or go back and look to see what you did right and what you did wrong and it's absolutely of no benefit to you and yes of course the accounting part is going to be taken care of within your broker in terms of your profit loss for tax purposes but the trading journal does much more for you it allows you to just become better, it allows you to look at things from another perspective.

If you have a journal whether that's in Trello by clicking this link right here or whether that's in Evernote or pen and paper having something and going back and taking the action to look and study what you did right and what you did wrong is going to pay you big dividends in the future.

Thanks for joining me in this video if you want to see some of the books courses and in-depth video trainings that I have available then go ahead click this link and when you get there enter your name and email address and I'll send you rapid recaps as well as some specials and promotions as they are released and you can browse the web site and see some of the other courses and training material that I have available that aren’t available on YouTube.

If you do want to continue hanging out on YouTube and sticking on YouTube the you can click one of the thumbnails right below this video and we’ll continue learning together.

Thanks again for joining me and remember that 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

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