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Trading Journal - What is the Minimum Data You MUST Record?

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Uploaded by on Feb 5, 2009

http://www.YourTradingCoach.com - It never ceases to amaze me how few traders actually record their trade statistics in a journal. Recording your stats is essential to allow you to review your trading and improve. This video gives an introduction to what I believe is the absolute minimum you need to record and also shows you which journal I use.

(NB. The trading spreadsheet website for those interested is http://www.tradingspreadsheets.com )

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Uploader Comments (YourTradingCoach)

  • Hi,

    what exactly is win/loss size ratio? for instance

    trade 1 - Risk:Reward ratio = 1.5

    trade 2 - Risk:Reward ratio = 1

    trade 3 - Risk:Reward ratio  = 2.3

    W/L Size ratio would be (1.5+1+2.3) / 3 trades??

    Regards,

    Vince.

  • @vibarco

    Hi Vince,

    No. Win loss size ratio is calculated for a sample of trades by:

    average win / average loss

    Regards,

    Lance

  • hi, what is your favourite time period for day trading?

  • @ZaphodUk1

    Hi ZaphodUk1,

    Favourite time period for day trading?

    For forex, the UK session open. For emini's, the first hour, maybe extending till lunchtime US.

    Cheers,

    Lance.

  • Hi Lence, again me :)

    It's realy great what you do. I'm glad that you give all these informations for free, to teach other Traders. There are a lot of cochers, who say a lot, baut say nothing in fact.... THX a lot. Greatings from Germany

  • Hi 3333Smoke3333,

    Thanks again for your great feedback. Much appreciated.

    All the best with your trading,

    Lance.

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All Comments (13)

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  • have you considered making a indicator with alerts for these reversal bars

  • very good, thx 

  • Hi ndtv501,

    Thanks for your feedback. I'm glad you've enjoyed the video.

    I've been a bit slack getting new videos online for about the last 6 months. I'll try to fix that in the near future.

    All the best with your trading,

    Lance.

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