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Author: WizardPhool Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62  
Subject: Re: Trading Notes/Journal Date: 12/4/2004 12:43 AM
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To this point, I have not put any of my technical analysis knowledge (as limited as it is at this point) to the test with a real money trade. There have been a few paper trades that I have made and I understand it is a different beast when there is money on the line.

But that leads me to the concept of trading notes and/or journals. Do you record notes with each potential purchase? Or only the ones that you actually purchased? What types of things do you record? Have you found value in going back to do some analysis of your trades and understand why it was a good/bad trade?

My plan right now is to sit back a little while longer and try to prepare myself to put my knowledge to the test beginning in the new year.

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Hi DT and Paul,

I started this board as a sort of interactive trading journal where I could post what I was looking at and why/when/what cost I bought at. After the ABIX debacle, I took at step back and tried to reanalyze what I was doing and read a little more. I did buy some TOPT in my IRA, and ran it up 4.5 points, and took my profit yesterday (only to see today's 11% rebound). I did make a nice 25% on it though in just over two weeks.

I am going to a three hour seminar tomorrow though. It is being given by David Elliot (www.wallstreetteachers.com) and it should be interesting. After I digest what I learn tomorrow, I am hope to be in a good position to make some trades this week. I will post what I learn and what I do next week, as well as start keeping a written journal with my IBD clippings that I want to start cutting out.


The Wizard
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