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In this video tutorial, the creator introduces a free trading journal that traders can use to track their options trading. The journal helps traders identify mistakes and successful strategies, serving as a useful tool for risk management. The creator noticed a lack of quality trading journals on YouTube, so they decided to create and share their own for free. Viewers can access the journal through a link provided in the video description, make a copy of the Google sheet, and save it for use in Google Sheets or as a Microsoft Excel document. Simply input the account balance value to start using the journal effectively.