A new Life, A new Career, A new Dream - I am a Trader

[arcus]

Hello All,

I have a little problem here on keeping updates on my trading logs. I want to know how everyone else store their daily trade logs ??

I have been using an excel sheet to keep my trade logs, with columns as
Date, Contract, Trade Type, Entry Time, Entry Price, Lot Size, Exit Time, Exit Price etc..

The problem I am facing with this, lets say I entered NF with 2 lots at once. but exited 1 lot at target 1 and exited the second at target 2. So in this case shall I record the Exit Price as the average price between my two exits ?? Else if I am making a second entry in my table then the second one is missing the entry price. And in that case it will be counted as 2 trades for the day, where I have done a single trade. So I am real confused here.

I am thinking of making an excel - Access driven application to store them in Access DB, but that will need some time, and I want to keep it simple. So just want to know how others handle this ??

Regards
Taiki

I use Microsoft OneNote to log/save my trades. Its a pretty powerful software.

 

[TraderPRO]

Hi Hareesh,


Lot of things have changed ever since I left my job, but so far no I have not regretted for leaving my job, have not got time for such things, because this task that I am doing now is much more challenging and demanding than my prev. job and I am loving it .

Yeah sometime others loose their head about me and I have asked myself If i have done anything wrong !!! but I tell myself - 'A boat is safe in the harbour, but that is not the purpose of the boat.'


Regards
Taiki

Good Luck to you Taiki. You are not alone.

And, for the portfolio quesion that you asked, i am using a modified and simplified version for commodities of the folowing.

If customised, you may have a great portfolio tracker for NSE intradayers and can be shared among TJ community.

http://www.investmentmoats.com/stoc...our-free-stock-portfolio-tracker-spreadsheet/

 

[Taiki]

I use Microsoft OneNote to log/save my trades. Its a pretty powerful software.

Yeah brother, I explored the OneNote last night and found it quite usefull. I will be using it for my trading journal/diary where I was using Microsoft word as of now.

Regards
Taiki

 

[try2trade]

TA and reading books may be detrimental to one's trading in the initial stages.

.

Can somebody explain how is one supposed to get knowledge about trading without reading books? And how could it be detrimental? And also.. whats TA?

Thank you.
Try2trade

 

[akhill]

Can somebody explain how is one supposed to get knowledge about trading without reading books? And how could it be detrimental? And also.. whats TA?

Thank you.
Try2trade

books give u a wide array of ideas and thoughts, which can actually be detrimental during the initial stages... and considering that you need to know what is "TA", I assume you are in way early stages and advise you to keep your strategies simple and precise, a good rr ratio and money management should keep you going in the market for now. When you actually understand what is happening in the market and realize that your basic strategies can actually be improved for much better results, run after books, ideas and TA :thumb::thumb::thumb:

 

[akhill]

Can somebody explain how is one supposed to get knowledge about trading without reading books? And how could it be detrimental? And also.. whats TA?

Thank you.
Try2trade

moreover, trading knowledge cannot be obtained just be reading books, seldom in the starting phase. you have to live with the market everyday 9 to 4 like how you spend time with your wife.... :lol::lol: do some paper trades, real trades and thereby gain some knowledge about trading. when you have a basic overview, then go to books or any gurus :thumb::thumb:

 

[_Rajesh_]

Taiki bro, no updates? Not trading expiry week?

 

[try2trade]

Thanks a lot Akhill.
As for my basic strategy, it was looking at 52 week high low of a stock and to buy it if was at low. I used to be surprised that if a stock that was available at 50 not more than a year ago is now available at 10, how come no one is buying it? I used to think it will again go to 50 and buy it. But lost some by this. Now I dont think this strategy will work.Then I came across this forum and reading a few pages I thought that I would read some books and start trading. But now as you said I need to spend time with markets like with my wife . Now I am confused. Are you advising me to get to know how to use the software of my broker?
Thank you.

 

[akhill]

Thanks a lot Akhill.
As for my basic strategy, it was looking at 52 week high low of a stock and to buy it if was at low. I used to be surprised that if a stock that was available at 50 not more than a year ago is now available at 10, how come no one is buying it? I used to think it will again go to 50 and buy it. But lost some by this. Now I dont think this strategy will work.Then I came across this forum and reading a few pages I thought that I would read some books and start trading. But now as you said I need to spend time with markets like with my wife . Now I am confused. Are you advising me to get to know how to use the software of my broker?
Thank you.

just knowing the software is not going to help you to understand market better, IMO. download any charting tool, amibroker or anything u can get ur hands on... find out what are the indicators available, what indicators give what kind of suggestions, see if you can get an entry and exit points with resepct to each indicator, look at how the results are... u know.. u have to research a lot with charts.. start with daily, weekly, monthly.. don't jump into intraday chart reading right away.. just my 2 cents.

 

[yankeetrader]

just knowing the software is not going to help you to understand market better, IMO. download any charting tool, amibroker or anything u can get ur hands on... find out what are the indicators available, what indicators give what kind of suggestions, see if you can get an entry and exit points with resepct to each indicator, look at how the results are... u know.. u have to research a lot with charts.. start with daily, weekly, monthly.. don't jump into intraday chart reading right away.. just my 2 cents.

2 Steps:

a) Define the money you have and okay to loose
b) Time you can loose to learn and trade

Based on that you can define kind of trading you can do: Investor (Fill it shut it forget it) or Weekly trader or daily trader and there are other many combinations...