Why keep a trade blotter?

Equity Run Update:  $12,849   What's a blotter? It's a record of every single trade you take. There are several automated online systems that can track your positions and give you pretty reports, etc. on your performance.  Even my broker, between the trading platform and the statements, does a good job giving me a sense … Continue reading Why keep a trade blotter?

How to deal with (trading) heartbreak.

I've had my share of scars. Some of the most memorable moments in my trading life, where positions that went from profitable, to potentially life changing profitable, to painful losses. The "life-changing" part of some trades triggers the type of irrationality that characterizes many life experiences, not least of which the type the junior high … Continue reading How to deal with (trading) heartbreak.

What I wrote after trading for 2 years…

When I first started trading, I was given $100,000 by a very courageous boss to see how I would trade.  It didn't end well.  In total, after a capital injection along the way, I lost close to $150,000.  I was asked soon after to write a summary of what had happened and I learned from. … Continue reading What I wrote after trading for 2 years…