Frequently Asked Questions
Q
What is Insight Trading Journal?
A
Insight Trading Journal is a tool that allows you to document your trades and perform deep analysis on your results. Active traders can take anywhere from just a few to hundreds of trades each week. Even on the lower end of this spectrum, it's not uncommon for a trader not to remember a trade they took just a couple of weeks ago, even days ago!

Insight allows you to document each trade's basic information along with countless critical details, such as the trade's strategy, the trade's timeframe, the trade's source (who found the trade if you trade with others), and any custom tags you have created. You can then use Insight's suite of analysis tools to learn more about what's working for you and where you have room to improve.
Q
It sounds like Insight Trading Journal can track a lot of different aspects of my trading. How will this benefit me?
A
As you probably know as an active trader, your number of trades can add up quickly. Without the right tool, the task of reviewing all of your trades to try to determine what you should eliminate, what you should manage differently, what you should focus on, etc., can take hundreds of hours. The truth, though, is that this sort review must be done for you to develop as a trader.

Insight allows you to perform detailed analysis of your trading in just minutes, from anywhere and at any time. Using Insight will allow you to easily identify and fix problems in your trading that would otherwise go undetected.
Q
Does Insight take a long time to learn how to use?
A
Insight Trading Journal was designed to be very easy to use. The interface is smooth and every input gets automatically saved when it is entered. All you need to do is start recording trades and the reports will start to populate. Insight also has 'active help', which provides you with helpful information as you click on various parts of the website. We also have a User's Guide that you can access at any time.
Q
Does it take a lot of time during the trading day to use Insight?
A
It takes about a minute to enter each trade manually, but when you think of the long-term savings in time, this is really negligible and also very necessary if you want to improve your trading.

Insight also includes the ability to import your trades from a number of brokers. If you don't see your broker on our list of supported brokers, e-mail us and we would be happy to work with you to add them.
Q
I don't have a lot of extra screen space; will I still be able to use Insight during the trading day?
A
Insight will adjust to the size of your internet browser window, so you can use it comfortably without using a lot of screen space. Another option would be to simply bring Insight up at the end of the trading day and enter your trades as part of your end-of-day routine. This may take a little extra time, but the alternative of not analyzing and monitoring your trading is detrimental to becoming and staying a consistently profitable trader.
Q
Trade management is one of the hardest aspects of trading for me. What analysis tools does Insight have that will help me better manage my trades?
A
Insight has many powerful tools that can help you manage your trades better. Here's a quick overview of just a few:

The 'All Trades' report in the Summary section will show you your net profit per trade and your maximum profit per trade on the same bar chart. This way you can see at a glance how well you are managing your trades and if you should modify your trade management to capture more profit.

The 'Percent Captured' report in the Summary section tells you what fraction of your trades are capturing various percentages of the maximum profit. As a general rule of thumb, you want to be capturing on average about 50% of your trades' maximum move/profit (sometimes also called the Maximum Favorable Excursion).

Insight also has the Strategy Tester™, a tool which gives you direct feedback regarding how you might better manage your trades.

In the picture below, the chart on the left is a pareto chart showing the fraction of trades that reached various target levels. The chart on the right shows actual performance (as a dark line) and the performance that various target (R) values would have achieved had you managed your trades using an all-or-nothing (AON) management approach. Below the two charts, the best management approach is summarized. In the example below the trader could have more than doubled their profits by using AON management with a fixed target at 2R.

Using the Strategy Tester™, you might find that your strategies are consistently beating the AON benchmark; you might decide to switch your management to all-or-nothing to achieve greater profits; or you might simply use this information to let some of your trades get to greater targets.
Q
Insight sounds like a great tool to save me time and increase my profits for only $295. What's the catch?
A
There is no catch! For a one-time payment of $295 you get lifetime access to Insight and all of its features. The best part is that it is not uncommon for Insight Trading Journal to pay for itself almost immediately!
Q
Where can I find out more?
A
The best way to start learning the details of Insight is to simply sign up for a free account and give it a try, but if you'd like to do a little more research, feel free to review the User's Guide.
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