Oh, I am mistaken I reckon'. I thought this was your first one. I do not recall seeing any of these announcements in your thread previously, but I have not been following it for long. I'll endeavor to keep an eye out in the future!
Maybe you had been posting it in Elite section, which I cannot access yet.
The following user says Thank You to HoopyTrading for this post:
I encourage you to not do that...keep a spread sheet of daily p/l. The guys watching will know if you rock or if you suck. Spend your time and energy on making good trades. Make consistent good trades and EVERYTHING else in life will speak for itself.
As part of your regular daily review, take a look at your bottom 20% of trades...yes that might be more appropriate on a weekly basis. Be concerned with the why of the in and out so that you drill down on where your errors come. Eliminate those errors and trade from a place where your bottom 20% of trades start to include winners.
I other words don't focus on the score board, execute to the best of your ability consistent with a great game plan.
Be well and trade well.
The following 10 users say Thank You to wldman for this post:
Hey if you not charging for the room....why you need a spread sheet. Unless ofcourse you want it at some point and at which point folks will also ask for an audited track record depending on the money you attracting.
Seems you wanted to do this to probably help/guide newer traders. Why would they be interested in your PnL. If they learn thats what they should take from the experience. Unless ofcourse they there to try and copy your trades. Or there to understand if you are worth learning from.
well guess its upto you. But if its a spreadsheet...i think it would be for yourself and not for showing it to the world. And also will a spreadsheet help you in understanding your mistakes...probably your charts or whatever you use will tell you that at EOD analysis.
cheers n best
The following 2 users say Thank You to paps for this post:
My opinion on this is that if guys want to monitor your track record, they should monitor their own. Doubting you or confirming you will not pay them. When I was prolific here and posting trades my inbox filled up with doubters and distractions. Nobody needs that.
One a personal level, if you want to monitor the account you have to look no further than your statements, which would include a daily record. It has just been my experience that sometimes there are good trade set ups that result in losing trades. When I focus on the "score" I start to modify good trade set ups because the result failed. It is easy to become a "changer" then always tweaking entries...chasing a nirvana that does not exist. Just my opinion.
I think I agree with Dan on this, changing my mind on the spreadsheet question.
I recall reading that @Inletcap no longer publishes the size of his trades or the amounts of P/L, for a similar reason.... Money seems to make some people go nuts, and he got bombarded with BS about it.
So, probably it's better to just let people follow the trades as they happen, and they will get what they get from it.
The following 12 users say Thank You to bobwest for this post:
Going to agree with Bob and Dan. There have been several traders including Big Mike who have posted trades / size etc and it always ended badly. There was one trader in particular, cant remember the name but he was holding a surfboard in his profile pic, who started out with a great amount of enthusiasm posting trades everyday and ended up going down hill fast and eventually got banned. His journal would be worth reading on what not to do. My advice; be cautious in what you share.
nosce te ipsum
You make your own opportunities in life.
The following 8 users say Thank You to Silver Dragon for this post: