This is a log book where you plot every trade you make with the metrics to show how your portfolio is performing and will continue to do so.
I’m going to briefly list the items you’ll need to track your trading performance.
25 Items to plot in your trading journal…
The trade No. The market traded (stock, index, crypto…) The entry date for your trade The exit date for your trade No. of days held Current portfolio value Max risk per trade (currency) Max risk % per trade Initial margin per instrument (CFD Spread betting) No. Volume traded The reason for entry Total margin paid Type of trade (Long / Short) Entry price Take profit price Stop loss price Closing price Risk in trade (Entry – Stop loss) Move in trade (close) Interest costs Brokerage costs Gearing Trade exposure (In and Out) Gross P+L Net P+L
Don’t waste your time with calculations. Make sure you have the journal and log book with all formulas in each item. …
When you record these details, you’ll be able to keep up to date with whether your portfolio is profitable and sustainable for the long run and where it’s lacking.