Photo by nolifebeforecoffee'

Photo by nolifebeforecoffee'

Like many successful traders, Dr Alexander Elder advocates all to keep a record of the executed trades. As the saying goes, “what gets measured, gets improved”. Hence, a proper record enables a trader to review and learn from the mistakes.

In “Come Into My Trading Room”, he recommends the following information to be captured for each trade:

1) Entry date
2) Long or Short
3) Ticker (stock symbol or the name of the contract)
4) Contract size
5) Entry price
6) Commission Read more…