rick Just stumbled upon your post. To the topic of the thread,...

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    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.
    Last edited by Trae: 06/12/15
 
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