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Attached is a spreadsheet that you can use as is, if the design suits your trading plan, or modify to fit. It is set up to collect data on sets of 25 trades each for analysis.
It assumes that a portion of a multiple contract trade will be exited on a target... all could be as well of course. It is derived from one that Paul Comoke (Woodie's group) published a number of years ago.
If you want to make modifications, you will need to understand a bit of Excel formula language... but feel free.
The first tab "Description" explains the fields.
The second tab "Criteria" shows my initial criteria (somewhat complex because I'm expecting to automate this - trying to replicate the brain isn't easy! )
The third tab "Sample Trade Sheet" shows the spreadsheet where I have entered a trade to show you how the spreadsheet computes other columns. (Note: don't use this one for your trades, use the corrected "Blank Trade Sheet")
The fourth tab "Blank Trade Sheet" is a blank sheet except that it is set up for CL. Be sure to make a copy so that you have a blank one for the next set of 25 trades.
The following 12 users say Thank You to Saroj for this post:
The importance of a journal and a well written plan cannot be understated. In fact, I just finished making a lengthy video that talks about journals briefly. I'll be uploading it in a few minutes.
I like to be able to select from a pre-defined list for certain things, like maybe the instrument or the reason you entered or exited, or any number of uses. So in the journal I posted (not as sophisticated as yours) I created a simple way to plug in some pre-defined values that you can later select from a drop down list.
If anyone is interested in enhancing the two ideas and making them one, here is mine:
First, I encourage you to journal your trades here on the forum. By doing so you'll take your trading to a whole new level, you can read more why I think so here:
Now if you are unwilling to do that then at least journal your trades in a spreadsheet, …
My hope is that more people will start to journal their trades. Privately at minimum, and publicly if they want to take it to the "next" level, as you can conquer a whole new set of obstacles once you have some more accountability from your peers.