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StockTickr will boost your trading results. StockTickr subscribers call it "critical to their trading success." Learn more.
StockTickr Trading Journal FAQs
How do I sign up?
Go to the order page.
What is a trading journal?
A stock journal is a way for you to keep track of your trades and go back and evaluate performance over time. It's a well kept secret that a trading journal is an invaluable tool to help you become a better trader. The stock journal is available to StockTickr Pro subscribers.
How will it help me?
The best traders think of their trading in terms of risk/reward. They scan the market for opportunities to make money while risking as little as possible. Who decides what the risk is? You do. The risk is the amount that you're willing to allow the trade to go against your position before you bail on the trade and take a loss. The StockTickr Trading Journal makes it easy to think about your trading in these terms. When you enter your trades in the journal, you'll get access to reports that calculate expectancy and winning percentage across your trades and your tags. Far more than simply percentage gained or lost, expectancy and winning percentage are the best statistics to evaluate your trading.
Also, traders tend to remember the trades that do well and sweep the bad trades under the rug - that's just human nature. The trading journal helps you to honestly evaluate your trading and eliminate the worst trades in future trading, which often is more important than finding winning trades.
What is the Chart Review?
The StockTickr Chart Review automatically creates charts in multiple timeframes, plotting your entry, stop, and exit points right on the chart. You can query all the charts in your chart review to detect trends. For example, view all the charts of your winning trades or charts where you made at least 2 times your risk.
Here's more info on the chart review. The founder of StockTickr is sharing his actual chart review.
Does it calculate stops?
Yes. It automatically prefills a stop price for you along with the number of shares you should consider purchasing, given the size of your portfolio. Position sizing is a fundamental factor of trading. Trading too large a position leaves you vulnerable to losing big money.
What if I want to change the stop that's suggested?
When you change the stop, the other numbers are updated to reflect the new stop. You can adjust the stop to determine what percent of your portfolio to risk on a given position. See the image below.
Is the data in the trading journal ever shared?
Not by default. You can go to your profile and enable sharing if you like, but by default all trades in your trading journal are private.
Can I see a sample?
Yes. The founder of StockTickr has opened his trading journal summary for anyone to see. View it here.
