record keeping

JimmyJAm

Thanks for the links and the info.

I saw a trading report/portfolio earlier in the year from "$costaveraging". It was a good sheet and i am working my way round that.
I believe it is downloaded from vectorvest which i subscribe to.

cheers
 
Quote from pumpkinhead:

Any good book recommendations, CD, or DVD's that teach the correct way to keep daytrading records?

I have been printing out the chart for the day at the end of the day and writing in a notebook the trades I made for the day along with dates, times, etc...I also print out the trades from the broker website that he gives me. Then I file them away in a file cabinet.

Is there a more accurate or better way of doing this? How does everybody else keep records?
More...

Aside from all of the ways that everyone else has mentioned, the real question is: what are you keeping records for?

If it's a straight accounting process, I would recommend your brokerage statements, as well as inputting the numbers into an excel spreadsheet so that you can track and confirm them ... always.

If it's to monitor and understand your trading habits, look at what your strengths and weaknesses are and how to improve them, I highly recommend journaling or keeping a diary of your trades, this is one of the best self-teaching methods that I know of (and until they start handing out pots-o-gold at the street corner), the best trading is going to be self-taught.

Best Regards,

JJ
 
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