I just assign a point value to each criteria of my trading plan.
For example for a pull back trade:
Stock is in an uptrend.
Has pulled back 3 or more days
Volume has decreased on the pull back
R:R is at least 1 to 2.5
Enter when price breaks prior days high
Stop is just below prior days low
Initial target is last swing high.
Risk less than 1% of capital
Each criteria is worth 1 point.
Meet all criteria add 2 points
Ignoring any criteria is minus 2 points
It doesnít matter if the trade is a winner or a loser following all the criteria gives you a perfect score.
Keep in mind that Iím swing trading stocks.
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
The following 3 users say Thank You to deaddog for this post:
I don't know Ninja well enough but many platform includes some kind of trade statistics and graphs.
As I see you basically wants to review your trades with everything on screen compared to statistics and notes only.
Many platform features screenshot functions and volunteers used to upload plugins/indicators which simply take a picture when a trade triggers and/or exits. You might try to find one for Ninja.
As for taking notes.. I can get stats from the platform, I can review the screenshots... so "lyric" notes has not much value for me, strictly personally. But I score the setup, the target and the stop (or the management of them) to evaluate and filter trades and feelings later.
Intraday trading might be busy to jot typed-in notes real-time. I've heard others suggesting of writing with hands and different colors (long-short or win-loss trades) or using a dictaphone (app). But you know what you are able to operate easily.
At some time I found this site: https://www.tradebench.com/
It offers the service for free or more precisely for "a maximum of 2 sponsored e-mails per month".
However, I have not tried it yet (I've found it "too" detailed) but I'd be happy to read some lines if you give it a try.
All the best,
The following user says Thank You to lezzlee for this post:
I have been a member of futures.io (formerly BMT) for a while but only now I read BM's opening of this thread and it is funny how we separately came to the same conclusion about personal trading blog. I created mine for exactly the same reason. I will be posting my results here as well. Thanx.
The following user says Thank You to Pepe2000 for this post:
First, I'm posting this to understand if most people here differentiate between a trading journal and a trading log.
When I started trading I put together a fairly straightforward Excel trading log. Currently I am building an Access database and migrating the Excel file across.
Depending on the analyses you need to make, it may be quicker and simpler by filtering the data directly in Excel.
MS Access may give you more power and options longer-term but the initial effort to put it together is significant in terms of man-hours. Especially when considering the number of queries needed to just come up with a simple P/L, you may as well use Excel and a few formulae to get the same result.
It all depends on your trade-off (no pun intended!) really.
The following user says Thank You to xplorer for this post:
It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
The following user says Thank You to Blash for this post: