Equity Swing Trading Journal
Select your section tab to know about how to use this sectionÂ
The Ingredients of Successful Trading
In order to achieve consistent success in trading, traders must develop their skills in three major areas
(i) Winning Psychology
(ii) Money Management
(iii) Sound Trading System
And learn from mistakes to maximize winning streaks .
Solutions & Tips
Home Dashboard divided into 5 sections
- Your System
- Money Management
- Goal Achiever
- Risk/Position sizing calculator
- Trade Entry
(Additionally Live Share Price on Google Finance – Delay time 15 MIn)
Always remember before making any trade always develop a system which suits your personality and time frame. And Backtest that strategy at multiple market phases to know when and where it works. And check the Strategy win and loss ratio and Risk to Reward.
1. Your System
Here you can define up to 10 systems by clicking on ‘YOUR SYSTEM’. When you click on ‘YOUR SYSTEM’ it will take you to ‘SYSTEM ENTRY DASHBOARD’ where you can define your trading systems. To know how to use ‘Home Dashboard’ – ‘System section’ watch the video and to learn more about the trading system and how to develop a trading system click here.
2. Money Management
On the ‘Money Management’ section, you can manage your trading cash account. You must enter the initial capital you wish to deposit into your trading account. You may also add additional funds or withdraw from your trading account.
Additionally, you may view your overall trading profit and loss as well as the total sum.
Also, you can know the total trade cost (brokerage charges) and the trading capital after trade cost.
And you can also know the total fund added and the total fund withdrawn from the trading account.
Finally, you can know the Available capital to trade. The available capital to trade is calculated by {Initial capital (+/-) Trade Profit/loss (-) Total trade cost (+) Total fund added (-) Total Fund withdrawn} is the formula used to determine the amount of capital that is available for trading.
By clicking the “CASH A/C STATEMENT” button, you can view the statements for trading cash account.
3. Goal Achiever
In the ‘Goal Achiever’ section, you can set your yearly and monthly financial objectives. Here you have to decide how many trades you will be taking in a month and also allocate funds to each stock so that you can know how much total capital you need to trade.
And also you have to fix your monthly risk (Amount/%).
To achieve your trading goal you have to analyze the market phase and you need to decide which system to follow in order to achieve your Risk to Reward ratio.
4/5. Risk Management & Trade Entry
A very important aspect of trading is “Risk Management/Position Sizing.” Trading is impossible without defined risk. So how can you define your risk?
Exactly sizing positions is the solution. To calculate your position size, you must first decide how much risk you are willing to accept and how much capital you have available to trade with. You must also know your entry and stop loss prices in order to determine the quantity to buy.
You may determine your precise position size, maximum loss, individual stock loss, expected profit, risk to reward, and position value in this risk management section.
Watch this risk management video to learn more.
Main Dashboard, System Performances, Individual System Analysis, Trade Book, Risk Management and Position Sizing, Trader Emotions.
How to Use Main Dashboard to Traders Emotions
Here you can learn how to use Main Dashboard, 1o System Performances, Individual System Performance, Risk Management and position sizing and Trader Emotions.
Watch this video to learn more about all your Equity Swing Trading Journal Sheets.
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