Profit or loss realized from each tradeĪ more advanced journal might also include pertinent details about each position, such as individual option prices and position greeks. A typical trading journal records the following data, at a minimum: Many traders, however, prefer using a simple spreadsheet to record the details for each of their positions. There are many types of software-based trading journals available in the market today. Further, a journal helps keep track of your performance and raises a red flag when you start deviating from your original trading plan. This way you can learn from your successes and failures. calculating the returns on individual trades as well as cumulative returnsīy systematically recording the details of each of your trades, you might find that you don’t have to pay your accountant $100/hr to do it for you when the tax-man comes calling.Īdditionally, you can use the journal to summarize the outcome of each of your trades for future reference. making capital gains tax returns (hint: don’t always trust your broker to be accurate). 
A trading journal helps you to have all your trading data at your fingertips, for the purposes of:
A well-kept trading journal is a must-have tool for the professional trader, as well as for the novice trader who deals in equities, bonds, and options as a business.
0 kommentar(er)
