Edgewonk is where people point you when your problem is psychology, and it earns that. But knowing you tilt and knowing whether your edge is even real are two different problems.
For traders who want to actually improve. EdgeFound runs hedge-fund-grade statistical analysis on your own trades, tells you in plain sentences which of your setups are real and which are luck, stamps every trade with the macro context it happened in, and gives you a structured daily process you can keep. I built it and use it daily on my own book.
For traders whose main weakness is psychology and discipline. Edgewonk has been the go-to journal for behavioural tracking since 2015, with deep Tiltmeter, MAE/MFE, and emotional-tagging tooling. Strong forex audience, custom journaling fields, one-off annual pricing rather than monthly subscription.
Most journals just log what you did. EdgeFound is the one that helps you fix it.
The thesis is simple. Discretionary traders never improve at the rate they could because the work of improvement is too hard to sustain. Research-grade statistics on your own trades. Honest self-assessment at the end of a losing day. Macro context that lives in three other tabs you do not read mid-trade. Nobody has time for any of it on their own. So most traders end up with a logbook and the same recurring mistakes year after year. EdgeFound compresses all of that into five minutes a day and does the heavy work for you in the background.
EdgeFound runs the statistical work nobody else has time to do. Across every dimension of your method. Setup type, killzone, narrative, instrument, risk size. You get a plain sentence back. "Your London-session reversal setup is statistically working across 142 trades. Your New York continuation setup is leaking 0.3R per trade across 89 samples." The quant techniques behind it (Wilson confidence intervals, Monte Carlo projection, conditional probability analysis, sample-size gating) run in the background. You never have to learn any of it.
You don't trade in a vacuum. The same setup that works in one regime can fail in another. EdgeFound stamps every trade with the macro regime, the calendar context, and the positioning environment via MacroMap Research. So instead of "what is my win rate ?", you can finally ask "does this setup work in risk-off ?". That second question is the one that actually moves your performance.
P&L only tells you whether you made money. It is silent on whether you actually fixed what you said you would fix. The Triangle Index gives you a composite score across three dimensions : Edges (do your setups work ?), Process (are you following your plan ?), Risk (are you sizing correctly ?). The Forge tracks the mistakes you keep repeating and surfaces them statistically, not as narrative blame. Demon Watch flags revenge trades, FOMO entries, overleveraging. Same statistical rigour as the edge analysis.
The Daily Flow is a four-step ritual : Morning Prep (chart bias + macro brief + pause checklist), Trail of Thoughts (live multi-chart stream of your reasoning during the session), Trade Review (post-close per-trade card with adherence scoring), Evening Reflection (three weighted questions + a paper-pad). Five minutes on a normal day. Sized for the actual day of a working trader, because that's the day I built it around.
I trade discretionary FX and gold on my own account every day, alongside the macro portfolio I run for a law firm. EdgeFound carries my background. Applied mathematics, CFA Level II candidate, and years of trying every other journal on the market before deciding to build the one I actually needed. The features are there because I needed them to keep getting better, day after day.
Edgewonk has been the established leader on trading-psychology journaling since 2015, founded by Mark Foster. Its core feature is the Tiltmeter, a behavioural-tracking system that surfaces emotional patterns across your trade history. It also includes mature MAE / MFE analysis (maximum adverse / favourable excursion), custom journaling fields you can tailor to your framework, rule-following metrics, and detailed performance reports.
Strong forex and CFD audience, particularly in Europe. One-off annual pricing rather than monthly subscription. If your main blocker is behavioural (revenge trading, FOMO entries, tilt cycles, rule-breaking), Edgewonk's tooling is the most mature on the market.
Both cover the basics every journal needs. You can log trades manually or import them, tag them with your method, see equity curves, expectancy, performance by setup, monthly P&L summaries. Both work for active discretionary traders.
The differences live in the layer of work each product is the answer to. Edgewonk goes deep on the psychological-behavioural layer. EdgeFound goes deep on the statistical-analytical + macro-context layer, with a structured daily process around it.
For the trader whose primary blocker is psychology, Edgewonk is the more mature product, full stop. The honest concession.
If you are already profitable on strategy and your sole remaining blocker is execution discipline, Edgewonk is probably still the right tool today. EdgeFound is for the trader who needs the analytical layer + the macro layer + a daily process, with discipline tracking as part of the package rather than as the whole package.
The best trading journal for discretionary traders is the one that matches the work you are actually trying to do.
Pricing has shifted over the years ; check Edgewonk's site for the current rate. Has historically been a one-off purchase rather than recurring subscription.
Three plans you can mix. Trading Desk is the journal + analytics. MacroMap Research is the macro layer alone. The Full Edge bundles both with macro context wired into the daily flow.
Find out in five minutes a day.