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Showing content with the highest reputation on 07/09/2018 in all areas

  1. 1 point
    Thought I would share my journal template with those interested. It's still a work in progress and I would appreciate any feedback or suggestions. Each day I capture the DAS Trades log and closed P/L. Also add a few notes about emotions, health, state of mind, etc. Then for each trade (in/out), I log the detailed entry, stop, target, strategy, etc. There are additional comments where I jot down my thoughts and areas of improvement. I have a summary sheet which contains a running total of all trades to date: And from this I can graph an equity curve: As well as calculate statistics things such as: Average Risk/Reward by Strategy Number of Trades by Strategy Win Percentage Etc, etc. Here is the data presented graphically in another post. I'm still learning in the simulator, so I haven't really found any use for the statistics yet. However, the data is there for when I am ready to analyze and review my performance quantitatively. Let's see your journal templates!
  2. 1 point
    Thanks, Ercilia182, but I messed up Friday afternoon doing a large size trade (10,000 shares of BBOX). I made the mistake of thinking if I traded MU at $52 for 400 shares then trading BBOX at $1.90 for 10,000 shares would be about right in terms of trading capital. HUGE mistake! Seeing the price movement going up/down so fast ($100 per sec for gain/loss for my position!), I got panicked and kept pressing the wrong buttons (buying instead of selling!) in the montage window. And I ended up with a loss of -$1,480 with BBOX in less than few minutes! Guess that is exactly what SIM is for, learning from mistakes without losing real money. This morning I traded 4 stocks with a total gain of +$364 for the day so I am less discouraged. MU (400 shares) +$50 (2 tickets), BBOX (2,000 shares) +$120 (3 tickets), TWTR (400 shares) +$44 (2 tickets), GRPN (hit the touchpad of my laptop twice to wake up the display and accidentally bought extra 4,000 shares so the total was 6,000 shares) +$150 (5 tickets) My goal for this week is to slowly recover the loss from last Friday. Hi Abiel, I would like to apology that I am not exactly following the format you have set to do SIM recaps in this thread. I am still trying to figure out a good and efficient way to document my SIM process. Doing videos or even doing screenshots is a bit tedious and I found writing is much easier to express my thoughts/insight etc. Thanks all!
  3. 1 point
    Today I hesitated to take good trades and I missed a lot good opportunities. 🤷‍♂️ I wanted to take MU short 5 minutes ORBD but I was afraid, cuz I got chopped up last week (Emotions???). would have been a perfect trade. 🤮 I am back to sim for the next three days to show myself how to trade again.
  4. 1 point
    My plan to start trading live is to take one trade daily on A setups with good risk reward ratios, small size. Just one trade, so I will be very picky with my trades. If I don´t see good setups, no live trade. If my trade doesn´t work, I´ll keep trading in sim and try the next day...
  5. 1 point
    Here is my recap for this morning July 5th 2018 ENJOY and please give me a thumbs up and follow, you don't want to miss some SIMULATOR RECAPSS xD
  6. 1 point
    I´m funding my account this week, I´ll take live trades slowly, alternating with sim. Trade safe man....
  7. 1 point
    Hi all, Having a journal is a must. I feel like I have learned so much about my trading in just the 2 weeks trading live because of this journal. For anyone starting out like me, if you are serious about this business, take the time to have a detailed journal. How else can we improve something we are not tracking? I focus more on the details of the trade and what I was thinking at the time, IB has tons of report performance reports that I can pull later if I want to see the numbers crunched. Here is a screenshot and detail of my journal, I have 3 main sections on my recap: Screenshot Link: Click Here Section 1: In this section I record how I feel Physically and Mentally in the morning before I start my trading day. Comment if I was able to get my morning routine done as planned. (My mourning routine is gym, sauna, get to my station and write my Journal Intro, review previous day recap, then build watchlist) Section 2: Here I add a screenshot of my Das Trader Account Report, with the me a summary of what I traded for the day. At the bottom of the page I also have additional screenshots of the detail transactions. Section 3: In this section I track some information of the stock like float size and how I found the stock. I also note down details of the trade like the strategy, position size and details of the price action shown on the screenshot. The best part about this section is the “Well Done" and "Improvement Notes”. I read on “The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist” how important it is to track what you did well on a trade. This way your recap is not all negative but also highlighting the good things that you should continue to do. Software: Just some information on the software I use, I track my Journal on Microsoft OneNote. As you can see on the pages tab I track all my Trading stuff like highlights of the book I am reading and any training course notes. If you have not try this software please give it a shot. It has a lot of great features, syncs with all devices and is completely free. Thanks. Carlos M.
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