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Hello Vince,
I keep an M$ Word document on my desktop that records my thoughts on
things such as system design - just somewhere to note any ideas that I
may happen to have. It's divided in to appropriate areas and uses
hyperlinks to get around the content - my basis is that if I record
ideas I can also record what I did with them: did they work? did they
lead to something else? what happened then? sort of questions can all
be answered.
My trading plan is detailed in each system that I trade and in the
overall money-management method that I use.
What exactly are you trying to achieve here? Some sample
plans/journals? or just what various people act use?
--
Best regards,
Ross mail to: Ross.Bond@xxxxxxxxxx
Saturday, December 6, 2003, 4:26:56 AM, you wrote:
VH> 1. Trading Journal.
VH> Many trading experts state that a trader needs to maintain, review, study
VH> his/her own trading journal, implying that without such, a trader will
VH> lose...because s/he will not learn from his/her mistakes.
VH> Curious, is it not, that none of the experts provide an example of even a
VH> single good trading journal? There is not a single good one among my 400+
VH> trading books and 100+ trading videos, nor years of trading magazine issues,
VH> nor at any trading Expo's or seminars or local trading group meetings that
VH> I've attended.
VH> Occasionally I correspond with very well known trading book authors and
VH> seminar providers. I challenge some, politely, to provide me with just one
VH> decent design or example. None have.
VH> The best trading journal I've seen, is at the website of another trader, who
VH> has been trading only about 2 years, if memory serves. Isn't that also odd,
VH> that a non-expert can put good thought into this, not only design but also
VH> use and bravely post his trading journal for all to see - yet not one expert
VH> can do so?
VH> 2. Trading plans.
VH> Can't win without a good trading plan...according to many trading experts -
VH> none of whom (see trading journal comments above) can show even one good
VH> example.
VH> What constitutes a good trading plan?
VH> Anyone here ever seen one, other than brief outlines in books about what one
VH> should contain?
VH> Is it a portion of a full-blown business plan? Is a full business plan an
VH> important critical success factor? If so, what is a full business plan for a
VH> trader?
VH> There are plenty of books at Amazon and elsewhere about business plans, and
VH> many good examples...but is one really necessary? Is creating and
VH> maintaining a good business plan, worth the considerable effort that it
VH> takes for a trader? If so, why?
VH> Back to just the trading plan portion itself. What is it? Just a list of
VH> trading rules, of do's and don't's?
VH> Inquiring trading minds want to know...so why can no trading experts provide
VH> good designs and good examples?
VH> If anyone herein knows of a book, seminar, tape, web site, etc., where there
VH> is a good trading plan, design, please share it with us. If you have a good
VH> one of your own, can you at least share the design of it with us, if not
VH> much of the plan itself?
VH> Vince Heiker
VH> Flower Mound, Texas
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