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- Option Trading Tip #4 0f 4
- The Best Option Trading Journal Spreadsheet
- Stock Option Spreadsheet Templates | New Trader U
Option Trading Tip #4 0f 4
In order to be successful as a trader, it is important to have the ability to look back on your previous trading activity and its outcomes. The number one reason for options traders to keep journals is accountability.
If you truly want to succeed and make your trading activities profitable, you must hold yourself accountable for your actions. Trading can be a very busy endeavor, and without a proper log, it is difficult to keep track of the trades you made last week, much less last month or even a year ago.
The Best Option Trading Journal Spreadsheet
Even a homemade pen-and-paper journal can help keep you accountable for your actions. However, this is where the benefits of a traditional trading journal end.
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You should customize it so that it's comfortable and works for you. And it can be as simple or as elaborate as you prefer. How about a sample?
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Here's an example of the kind of personal trading details and analysis that I put together each week. Mastering the Psychology of the Stock Market Series.
Stock Option Spreadsheet Templates | New Trader U
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- Primary Sidebar.
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- Trading JOURNAL for options.
Follow LeveragedInvest. Still, we recommend you go beyond this eight data points and track the following:. Tracking these points together with the basic data points will give you enough data for you to start charting your performance and run correlation among your data to find out what you are doing right and wrong.
These are very simple points to track. However, they go along way when trying to identify your options trading edge. What to Track in an Option Trading Journal.