Australia's largest stock trading and investment forum Australia's #1 stock forum

Trading Diary, page-13

First 13 Last

Share
Profile

Follow
rick64

7,636 Posts.

196

08/12/15

09:17

Post #: 16566117
Share

Originally posted by Trae ↑

rick

Just stumbled upon your post.
To the topic of the thread, in my trading days I kept a diary which turned out to be very useful in future years in refining my techniquies. Far more useful then I anticipated.

What I found most useful was more the trade plan than the bookkeeping.
Specifically:
Why I chose the stock (or asset class/instrument)
Why I bought (FA/TA explanation)
What price I bought in at
What price I planned to cut my losses at
Where I saw price going + timeframe
The price/timeframe at which I planned to exit
The price/timeframe at which did exit

This was invaluable for refining my trading plans.
In my case at least, the plans I thought were the winners turned out to be less profitable than others I gave less focus to.

I hope this advice is of some value & I'm assuming your not keeping a second diary with this included already.

Expand

Thanks mate I do have a diary and plan but I am still at that stage where I fail to stick to my plan
3 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

MCT

Metalicity looking for offers on Admiral Bay zinc project

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Talking Australia's very competitive property landscape: Realty Talks

There are more pages in this discussion • 192 more messages in this thread...

First 13 Last