Updated Trading & Investing Tool

Trade Journal Calculator

Log each trade, calculate P&L, risk per trade, R-multiple, win rate, profit factor and expectancy. Keep a simple trading journal and see your performance in one place.

P&L Tracking Win Rate R-Multiple Profit Factor & Expectancy

Interactive Trade Journal Calculator

Use this Trade Journal Calculator to capture every trade with entry, stop, exit and size. The tool calculates P&L, risk per trade, R-multiple and key performance stats like win rate and profit factor so you can understand how your trading strategy performs over time.

Fill in at least direction, entry, stop, exit and size. The calculator uses your stop to estimate risk per trade and computes P&L, R-multiple and risk as a percentage of your account when provided.

When you add a trade to the journal, it appears in the Trade Journal table and is included in all performance statistics.

This table shows all trades you have added during the current session. Use it as a lightweight browser-based trading journal.

No trades recorded yet.
# Date Symbol Dir Entry Stop Exit Size P&L R Tag

Performance statistics are based on the trades you have added to the journal in this session.

Use this area for dailyiews, lessons learned and screenshots references. Text entered here stays in your browser while the page is open.

Trade Journal Calculator – Track P&L, Win Rate, R-Multiple And Expectancy

The Trade Journal Calculator on MyTimeCalculator helps you turn raw trades into meaningful performance statistics. Instead of keeping disconnected notes and spreadsheets, you can log each trade with entry, stop, exit and size, then let the calculator compute P&L, risk per trade, R-multiple, win rate, profit factor and expectancy.

This kind of structured trading journal is essential for understanding whether your strategy has an edge and whether you are executing it consistently.

Core Trade Journal Formulas

Every metric in the Trade Journal Calculator is built from a few core formulas. Once you understand these, the summary stats become much easier to interpret.

P&L Per Trade

The calculator treats long and short trades slightly differently when computing P&L:

For a long trade:
\( \text{P\&L} = (\text{Exit Price} - \text{Entry Price}) \times \text{Position Size} - \text{Fees} \)

For a short trade:
\( \text{P\&L} = (\text{Entry Price} - \text{Exit Price}) \times \text{Position Size} - \text{Fees} \)

A positive result indicates a winning trade, while a negative result indicates a losing trade.

Risk Per Trade

Risk per trade comes from the distance between your entry and your stop loss. The Trade Journal Calculator uses the absolute difference and multiplies by position size:

\( \text{Risk} = \lvert \text{Entry Price} - \text{Stop Loss} \rvert \times \text{Position Size} \)

If you also enter your account size, the calculator computes risk as a percentage of your account:

\( \text{Risk \%} = \dfrac{\text{Risk}}{\text{Account Size}} \times 100 \)

R-Multiple

R-multiple compares your trade result to the amount you risked. It normalizes trades of different sizes into a common scale:

\( R = \dfrac{\text{P\&L}}{\text{Risk}} \)

If you risk 100 and make 200, the trade has \( R = 2 \). If you lose your full risk, \( R \approx -1 \). Over a series of trades, the average R-multiple becomes a powerful summary of edge and execution.

Win Rate

Win rate is the fraction of trades that finish with positive P&L. The calculator treats breakeven trades as neither wins nor losses:

\( \text{Win Rate} = \dfrac{\text{Number of Winning Trades}}{\text{Total Number of Trades}} \times 100\% \)

A high win rate is not enough by itself; you also care average win size, average loss size and how they combine into expectancy.

Gross Profit, Gross Loss And Profit Factor

To understand how your winners compare to your losers, the Trade Journal Calculator separates winning and losing trades:

\( \text{Gross Profit} = \sum \text{P\&L of all winning trades} \)
\( \text{Gross Loss} = \sum \lvert \text{P\&L of all losing trades} \rvert \)

Profit factor is the ratio of gross profit to gross loss:

\( \text{Profit Factor} = \dfrac{\text{Gross Profit}}{\text{Gross Loss}} \)

A profit factor greater than 1 indicates that your winning trades outweigh your losers over the sample. Many traders aim for a profit factor higher than 1.3 or 1.5 over a significant number of trades.

Expectancy Per Trade

Expectancy measures the average result per trade. In currency terms, the calculator computes:

\( \text{Expectancy} = \dfrac{\text{Total P\&L}}{\text{Number of Trades}} \)

In R units, you can think of expectancy as the average R-multiple across your trades:

\( \text{Average } R = \dfrac{\sum R_i}{\text{Number of Trades}} \)

A positive expectancy suggests that, on average, your system is profitable per trade, assuming you keep executing it consistently.

How The Trade Journal Calculator Works

Behind the scenes, the calculator keeps a list of all trades you add during the session. Every time you log a trade, it computes P&L, risk, R-multiple and classifies the trade as a win, loss or flat. The performance summary tab then aggregates this data into:

  • Total number of trades
  • Number of wins and losses
  • Win rate in percent
  • Total P&L and separate gross profit and gross loss
  • Profit factor
  • Average R-multiple
  • Expectancy per trade

This lets you see whether your performance improves as you refine your rules and discipline.

Understanding Each Tab In The Calculator

Single Trade Calculator

The Single Trade Calculator tab is where you input the details for one trade. You choose direction (long or short), then enter entry price, stop loss, exit price, position size and optionally fees and account size. The calculator then returns:

  • P&L after subtracting fees
  • Risk per trade based on your stop
  • R-multiple for the trade
  • Risk as a percentage of your account
  • Return percentage on the trade
  • A quick classification such as full loss, small loss, breakeven, small win or big win

When the metrics look correct, you can click Add Trade To Journal to store the trade in the session journal.

Trade Journal Table

The Trade Journal Table tab lists all trades you have added. Each row shows date, symbol, direction, key prices, size, P&L, R-multiple and tag. You can scan this table to spot patterns such as:

  • Which symbols or markets you trade best
  • Which setups or tags produce the best R-multiples
  • Periods of clustered losses or wins

Because the journal lives in your browser session, you can keep the page open while trading and update it as you close positions.

Performance Summary

The Performance Summary tab shows your aggregate statistics. Instead of guessing whether your trading is working, you can read off numbers like win rate, profit factor and expectancy. Over time, you can compare these metrics across weeks or months to see whether changes to your strategy have improved your edge.

Journal Notes

Numbers alone do not tell the whole story. The Journal Notes tab gives you space to document your decision-making, emotions and market context. You might record:

  • Why you took each setup and whether it followed your plan
  • Any rule violations or impulsive trades
  • Patterns in your best and worst sessions
  • Action items for the next trading day

Combining numeric metrics with honest written notes is one of the fastest ways to improve as a trader.

How To Use This Trade Journal Calculator Effectively

  • Decide on your core strategy and risk rules before you start logging trades.
  • Record every trade, not just the winners, so statistics are honest.
  • Check risk per trade and risk as a percentage of account before entering a position.
  • Review your performance summary after a set number of trades or at the end of each week.
  • Use the notes tab to capture lessons learned and recurring mistakes.

Why A Trade Journal Matters

A detailed trade journal turns trading from guesswork into a measurable process. By tracking P&L, risk, R-multiples and expectancy, you can see whether your edge is real, whether you are sticking to your plan and where your biggest leaks come from. The Trade Journal Calculator makes this process quick and structured while still staying simple enough to use every day.

Trade Journal Calculator FAQs

Frequently Asked Questions Trade Journals

Understand how to use this Trade Journal Calculator and how its metrics can help improve your trading performance.

Most traders update their journal immediately after closing each trade or at the end of the trading session. Updating in real time reduces the chance of forgetting important details like why you entered, how you felt and whether you followed your rules.

There is no single “good” win rate. Some strategies win often with small average profits, while others win less frequently but produce larger winners. A better approach is to evaluate win rate together with average win, average loss, profit factor and expectancy to see whether the overall combination is profitable for you.

Statistics become moreiable as the sample size grows. A handful of trades can give a rough idea, but many traders aim for 50 to 100 trades or more before drawing strong conclusions win rate, profit factor or expectancy for a particular strategy.

Yes. Fees and commissions directly affect P&L and can reduce the profitability of frequent trading strategies. The Trade Journal Calculator allows you to enter fees per trade so P&L reflects net results instead of ignoring transaction costs.

By showing risk per trade and risk as a percentage of your account, the calculator makes it easier to stay within your risk limits. You can quickly see when a planned trade risks too much and adjust size or stop distance before committing capital.

Related Calculators