Tips For Keeping A Trading Journal?

Discussion in 'Trading' started by Bugsy, Oct 22, 2018.

  1. smallfil

    smallfil

    Since, you are a useless troll. You are now in my blocked list!
     
    #11     Oct 22, 2018
    Bugsy likes this.
  2. %%
    A Stock Traders Almanac[investment banker]quote says all you need is a yellow legal pad ..... Great quote; but if i didnt have the Almanac, I could not use[weekly] paper + pen like i want to.:cool::cool:.Yellow color is known for helping keep alert but i use black coffee for that.LOL Could substitute charts for that but like both.......
     
    #12     Oct 22, 2018
    Bugsy likes this.
  3. %%
    I do ,2; cut paste 52 week charts, some 10 year charts.I did paste RSI on a few, but the more charts i printed/pasted the less i used RSI.If i could made a living off one 52 week chart I could have used RSI more.IBD founder skipped the journal + entered buy/sells/sells/buys on charts.:cool::cool:
     
    #13     Oct 22, 2018
    Bugsy likes this.
  4. deaddog

    deaddog

    What I found more important than a trade journal was having a written trading plan.

    Then you can journal your trades keeping track of whether you followed your plan and the reasons you didn't.

    Trading is all about controlling your emotions. The object of the journal is to figure out how to do that.

    If you follow the plan to the letter and don't make a positive return at least you know that it is the plan not the trader that is the problem.
     
    #14     Oct 27, 2018
    Bugsy and fourtiwinks like this.
  5. Bugsy

    Bugsy

    I'm extremely thankful to everyone for their advice and help. I just want to say, I thought this bit of advice was extremely helpful, at least to me. Based on others advice here I created a Trade Journal using Excel and posted Rules in a text box on the side of the entry categories. Also opened an account on Robinhood, which is separate from my main brokerage account I use, that I deposited a tiny amount into ($500). Not enough to hurt anything if it's lost, but enough to allow me to have some skin in the game to make me take it seriously.

    Thank you to everyone once again.
     
    #15     Oct 27, 2018
    murray t turtle likes this.
  6. Bugsy

    Bugsy

    Added this to my excel also by creating a private board on Pinterest I could upload screenshots of chart to with notes, and a link to the specific screenshot hyperlinked in the chart comments.
     
    #16     Oct 27, 2018