Ok I want to describe my trading a little bit more. First of all I trade for a living and that makes me pretty risk averse. I always test the market and if the market does not do what I want I will be out with a small gain or a small loss. First of all I want to explain my excel sheet a little bit more.
Every Day I screen the markets for trading opportunities and I always want opportunities with a good risk/reward ratio. In my Excel sheet I present the possible limit orders for my long and short entries.
For example DDD had a BSL = Buy Stop Limit of 45.05 USD. On the 6 the of December I entered the limit into my Software but nothing happened. On the 7th of December DDD opened with a gap @ 45.61 USD. My BSL means that I want to buy DDD when it gets to 45.05 USD and I only want to pay 45.05. That is the reason why I did not get filled at the opening. During the day DDD tanked a little bit and I entered the trade.
All my trades are with BSL or STL = Short stop limit.
I hope this helps a little bit to understand my trading and the excel sheet better. I thinking of emailing the excel sheet, because that would be easier. Just write me a PM with your email.
Like always if you have any questions, please do not hesitate to contact me. Of course if you have ideas how to improve my postings email me too.
The following 2 users say Thank You to realmoneytrader for this post:
That's a nice template stick with it. Use the comment section and comment on past trades for mistakes/areas of improvement. Once you notice a pattern of what is causing your mistakes you can improve on it. As humans we tend not to see our flaws or accept them. Having it written out over and over again will hopefully cause a realization and give you the motivation to change it.