Adding Your First Trade

Logging your trades is the foundation of effective trading analysis. Here's how to add your first trade to Ascentia.

Accessing the Trade Entry Form

From your dashboard, click the "Add Trade" button located in the top right corner. This will open the trade entry form where you can log all the details of your trade.

Required Information

To log a trade, you'll need to provide the following essential information:

• Symbol/Ticker: The asset you traded (e.g., AAPL, EUR/USD, BTC)
• Direction: Whether you went long (buy) or short (sell)
• Entry Price: The price at which you entered the trade
• Exit Price: The price at which you closed the trade
• Position Size: The number of shares, contracts, or units traded
• Entry Date/Time: When you opened the position
• Exit Date/Time: When you closed the position

Optional but Recommended

For more detailed analysis, consider adding:

• Stop Loss: Your predetermined exit point for limiting losses
• Take Profit: Your target profit level
• Trading Strategy: The strategy or setup you used
• Notes: Your reasoning, market conditions, and emotional state
• Screenshots: Charts showing your entry and exit points
• Tags: Custom labels for categorizing trades

Best Practices

The more detailed your trade logs, the better insights Ascentia can provide. Try to log your trades as soon as possible after closing them while the details are fresh in your mind. Include notes about your decision-making process, what you were thinking and feeling, and any external factors that influenced your trade.

Automatic Trade Import

If you've connected your trading platform, many of these details will be automatically imported. You can then add your notes, screenshots, and other qualitative information to complete the trade log.