Is this a long term investment or a short term trade?
A typical trading journal records the following data, at a minimum:
-Entry date
-Price of the underlying position
-Size of the position
-Your margins
-Your exit date
-Profit or loss realized from each trade
Once you hammer in your actual trades, you also need to record the following information:
-Describe the trade–this involves details such as price in/out, your stop loss price and other details you feel are important.
-The reasons why you made the trade–these includes things like your sentiments, news bytes and commodity prices.
-Add links to relevant forum posts, press releases and key articles.
-Analyze the outcomes of your trades, by checking what you did right or wrong.
I use my Brain. I love my Brain. Paste what tools you use to journal your trading in the comments!
Quoted from article, click here.
Another great article here.
