---
title: "Trade journal - Meaning & GFN's Figure - Get Funded Now"
description: "A record of every trade with its reasoning, size, levels and result. It is the only way to find out whether a strategy is being followed, as distinct…"
url: "https://getfundednow.com/glossary/trade-journal"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/trade-journal"
  pt-BR: "https://getfundednow.com/pt-br/glossary/trade-journal"
  fr: "https://getfundednow.com/fr/glossary/trade-journal"
  it: "https://getfundednow.com/it/glossary/trade-journal"
  de: "https://getfundednow.com/de/glossary/trade-journal"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Strategy and performance

# Trade journal

A record of every trade with its reasoning, size, levels and result. It is the only way to find out whether a strategy is being followed, as distinct from whether it is working.

GFN’s figure

A journal is the check on GFN's 2 Step consistency rule before it becomes a problem: tracking each day's share of total profit shows a best day approaching 35% while there is still time to trade through it.

In detail

## Trade journal, explained

The entries that matter are the ones recorded before the outcome is known: the setup, the planned stop, the planned target and the reason. A journal written afterwards records a story instead of data.

Recording results in R rather than dollars makes the sample comparable across account sizes, which matters when a trader runs several accounts at once.

[Rules handbook](https://getfundednow.com/rules) · [More strategy and performance](https://getfundednow.com/glossary/category/strategy)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [R-multiple](https://getfundednow.com/glossary/r-multiple) - A trade's result expressed in units of its initial risk. Risking $200 and making $600 is +3R; hitting the stop is -1R. It makes results comparable across account sizes and position sizes.
- [Consistency rule](https://getfundednow.com/glossary/consistency-rule) - A rule capping how much of an account's total profit may come from a single trading day. It stops one outsized day from carrying an otherwise flat account through an evaluation.
- [Expectancy](https://getfundednow.com/glossary/expectancy) - The average result of a trade over a large sample, combining win rate and average win and loss. A positive expectancy is necessary for a strategy to work and not sufficient for it to pass an evaluation.
- [Maximum adverse excursion](https://getfundednow.com/glossary/maximum-adverse-excursion) - The furthest a trade moves against you before it closes, whatever its final result. Measured per trade, it shows how much room a strategy genuinely needs rather than how much it eventually used.
- [Equity curve](https://getfundednow.com/glossary/equity-curve) - A chart of account equity over time. Its slope shows the rate of return, its smoothness shows consistency, and its deepest dip is the peak-to-trough drawdown a risk limit would have had to absorb.

Ready when you are

## Your capital stays yours. The risk is ours.

One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.

[Start your challenge →](https://getfundednow.com/challenges) · [Read the rules](https://getfundednow.com/faq)

No subscriptions or hidden fees

Payouts every 14 days

$400,000 max total allocation

---

Source: https://getfundednow.com/glossary/trade-journal
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt