How to keep track of trades when scaling in and scaling out

[supertrader_1]

Hi everyone,

I have an excel trading journal which is good when i have one entry and one exit, but it does not work when i am scaling in and scaling out.

I am looking for ideas on how to journal trades with scale ins and scale outs.

M

 

[mikeriley]

Depends if your platform has a function to date and time stamp entries.
If so, your can annotate what your platform records. Also, check
if your platform has a function that can mark entries and exits on your chart.
Most platforms have that function.

 

[deaddog]

You can also set up an excel spreadsheet to give you average price for each security when buyng and selling.

 

[Mark Lapin]

I just use excel and have to manually enter all the sells and buys as the trade takes place. Pain in ass but there is no other way to find out your real average price on the trade if you keep scaling in and out and still have a position

 

[deaddog]

I just use excel and have to manually enter all the sells and buys as the trade takes place. Pain in ass but there is no other way to find out your real average price on the trade if you keep scaling in and out and still have a position

If you are trading stocks, your broker should be keeping track. On my holdings page of my brokerage account it shows the average price paid for each position. If you are scaling out you have to keep track your self.
If you are day trading, the extra paper work is part of the price you pay.

 

[2rosy]

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