Iâve decided to keep a public trading journal for 2010. I really debated whether or not this is a good idea, but hereâs why I decided to do it. Iâve gradually gotten more complacent and somewhat lazy over the last couple years with my trading. Iâve been fortunate to have a couple really good years and havenât had a strong impetus to put in long hours working on new ideas and refining current ones. I am somewhat concerned that 2010 and beyond could be tough sledding as the government meddles more and more in our business and the computers we compete with get harder to beat and get to play by different rules. If things do get tough and Iâve put my trading out there for all to see, maybe it will help motivate me to buckle down and stay ahead of the game. It will also force me to stay on top of my record keeping, which I really let slide last year. There is a lot of negativity, disbelief, and cynicism about trading expressed on this site. I think most people who are well prepared and willing to work can make it as traders. Hopefully this year doesnât suck and I can provide some encouragement to those working at it and prove the haters wrong. My journal will be light on specifics of what or how I trade. A lot of what I do is liquidity sensitive and I do not want to invite people to try to reverse engineer my systems and then compete with me for fills. I am happy to engage in discussions about things like position sizing, risk management, handling emotions, etc, but donât be offended if I donât answer your question about âwhat time and price did you enter this stock and why did you exitâ? Iâm only going to report weekly results. Iâve always treated daily p/lâs as noise and donât pay attention to any time frame shorter than a week when it comes to tracking profits. Itâs hard to set a goal for the year as it depends so much on volatility. In my mind, I would be concerned if I wasnât able to average at least $20,000/month. $40k/month is about what Iâd consider average, not counting the crazy period of late 2008. Like I say though, I am prepared for this year to be tough, so I will be pleased to scratch out 250 to 300k. Iâll call that my goal for the year and hope I over shoot it. Most of my trading is done in a prop account that is starting the year at $110,000. I also have a retail account with more than that in it, but most of that is reserved for taxes, living expenses , etc, and also to pay for a new house Iâm building. The retail account sees trading daily, but usually light volume and dabbling in different things. It gets busy if volatility really jumps though. I donât expect it to contribute more than 30% to my p/l total.