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Counting the Cost
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Created: by dwatkin235 Attachments:14

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Counting the Cost

  #11 (permalink)
Trading Apprentice
Knoxville, TN
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES, CL, GC
 
Posts: 13 since Sep 2016
Thanks: 5 given, 18 received

Another Attempt

Since some were having trouble seeing my pictures, I'm attempting to upload them again. I've basically got it organized into three tabs in an excel file: the Summary Sheet, Trade Ledger, and Trade Details.


There is a dashboard at the top of each sheet to help navigate the workbook easily.
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The Summary Sheet has a NinjaTrader style summary table and a chart that both respond to all the data in my journal, as well as the commission schedule and tax rate I select:
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The Trade Ledger is where my spreadsheet pulls the NinjaTrader data into, so it is formatted very similarly to what you see in the NinjaTrader "Trades" section. Each drop down arrow in my journal is a category by which I can filter the data:
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The Trade Details sheet is the real "journal" part of the workbook. It is where I place comments, add links to online reports, and include pictures (screenshots) of the charts:
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I hope these pictures will post correctly and that this inspires you to start recording your trades if you haven't already!


Last edited by dwatkin235; September 4th, 2016 at 05:31 PM.
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  #12 (permalink)
Trading Apprentice
Knoxville, TN
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES, CL, GC
 
Posts: 13 since Sep 2016
Thanks: 5 given, 18 received

Trade Journal in Action

I include screenshots of my NinjaTrader trades inside my trade journal. The screenshot appears as I scroll over the trade comments.

Two trades today:

CL got stopped then went my direction:
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ES met my target:
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  #13 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received



dwatkin235 View Post
Hey everyone,

Luke 14:28-30 says:

28 For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it? 29 Otherwise, when he has laid a foundation and is not able to finish, all who see it begin to mock him, 30 saying, ‘This man began to build and was not able to finish.’

I want to be able to count the cost and finish well. I export my trades from NinjaTrader into excel and use it to help me count the cost. However, I haven't taken many screen shots of my NinjaTrader window in the past, and I'm going to try to improve upon that here. I'll also include screen shots of how I use excel to help me, because that's where my real "journal" has always been.

I appreciate any input you all have and look forward to learning as much as we can together!

Dan


Love the scripture reference! Thank you

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  #14 (permalink)
Trading Apprentice
Knoxville, TN
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES, CL, GC
 
Posts: 13 since Sep 2016
Thanks: 5 given, 18 received

Good Day in Market Replay

I've been working overtime lately so I had to settle for market replay today. Pretty bullish morning in crude, so I treated it like a range day--buying low and selling high.

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5 for 5 trades at 2 contracts each for $490 profit, $448.20 after fees, and about $345.11 after taxes:

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  #15 (permalink)
Trading Apprentice
Knoxville, TN
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES, CL, GC
 
Posts: 13 since Sep 2016
Thanks: 5 given, 18 received

Cumulative Summary

I'm certainly more careful in my trade selection, knowing that it will be seen by all of you! Here's the trade summary from my trade journal:

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  #16 (permalink)
Trading Apprentice
Knoxville, TN
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES, CL, GC
 
Posts: 13 since Sep 2016
Thanks: 5 given, 18 received

Playing the Range from the Morning

Often the first few swings can define the course for the trading day, or at least the morning hours. I stopped after two swings within the range because I saw weakness reaching the other side of the channel.

Two good trades, total time commitment: 15 minutes. Total return: $270.

For CL during this contest I am keeping it simple: trading two contracts, one with a target of five ticks and another with a target of ten ticks. The strategy moves to break-even after the first target is hit. My stop is always 10 ticks.

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