Where do you store all of your knowledge – book reviews, tips, and valuable lessons learned? Use our Diary section!

May 18, 2009

How many times do you read that great book, or hear that moving quote, only to write it on a peice of paper to keep for later?  Well, when you want to find it later, if you are anything like me you cannot find it.  That piece of information that you felt was so important is now gone, and perhaps you will never find it again!

This is why we added the Diary section to My Investing Tools.  In the Diary, you can record your thoughts on the market, and do all of your forecasting for future lookup and reference when reviewing your trades, but you can also store all of that important information that you never want to forget!  No more sticky notes, no more searching through journals and more journals.  You can enter it right in the Diary, and then you will always be able to refer to it.

We’ve included categories, so you can categorize your entries to make it really easy to sort by and find what you are interested.  You also add a Title to the entry, a short description of the overall entry.

Here is a summary of the categories that we have included (we can add many many more, just let us know what you need!):

  • Market Forecast – short, intermediate and long term forecasts.
  • Lessons Learned - write down all of your lessons learned the hard way here, to never forget them and to make your time and effort count in the future!
  • Book Review - record your book review information here, make that time count and never forget the moving quotes and valuable information that you picked up.
  • Useful Information - some tidbit on one of the tools you use perhaps, or just any other useful info.
  • Personal Reflection - Mastering yourself is one of the hardest things in trading, you should write down how you felt and how you acted in especially good and especially bad days in the market.  Learn how you act, and if you re-act.  Learn to master yourself and become a better trader.
  • Want to Repeat - Did you do something amazing and you never want to forget it, well jot it down here.  Sometimes it is hard to remember all of the details!
  • Want to Avoid - If you did something and you NEVER want to do it again, you will likely remember, but just in case, record it here.  You can record all the details so you do not forget!
  • Mission Statement – Write your own personal mission statements, business mission statements, family ones too!  How about imagining your perfect day of work and perfect day of play!
  • Goals and Dreams - Dream BIG and make it happen!  If you don’t set goals and dreams, what do you have to strive for?
  • General – For anything else you need

Sign up today for a FREE 14 day trial!  http://www.myinvestingtools.com

We have a promotion on right now, if you are the first 6 people to sign up and provide feedback to us, you will earn free website time!  Sign up and let us know your thoughts today!

Why use My Investing Tools as an Online Trading Journal vs EXCEL?

April 21, 2009

Why use My Investing Tools as a Trading Journal?

Why should you use My Investing Tools for your Online Trading Journal? Most of you traders will either be using an EXCEL spreadsheet, a paper journal or nothing to track your trades. What we have developed is a far superior, much easier system to use. We allow you to be disciplined, learn from your trades, and record as much or as little information about each trade that you want.

Expectancy

The BEST part about using our tool for an online trading journal is the reporting. You can determine your Expectancy realtime or historically. You can also choose to see your expectancy for a particular trading system, all trading systems, you can filter by account and trading system as well. You can also specify time ranges for determining your expectancy. This is invaluable information! You can determine how your system performs in various markets by selecting a historical time range for a bearish market (like the last year and a half for example) and you can see how your system stood up. Perhaps it doesn’t work so well in a bearish market, so file it away for a bullish market!

Back Testing Usage

You can also use our trading journal for backtesting your systems. You can create a backtesting account, and then go through the charts, entering every entrance and exit for your particular system in the trading journal. Once you have the data that you want in the system, simply go to the reporting and determine the expectancy. You can do this for bullish, bearish and neutral markets and see how your system would have stood up in the past!

Trade Reviews

Best of all we are very simple to use. You can use the calculator to position size and then automatically add the trade to the journal, so less typing and remembering for you. After your trade is closed, you can review the trade right here on the same system. The reviews are always linked up to the trades and you will actually be reminded to review if you did not review your closed trades! I could go on and on, however it is best to find out for yourself!

Free Trial

Try us, we have a free 14 day trial. http://www.myinvestingtools.com If you are interested in seeing a demo account, with all of the data already populated, email me at sales@myinvestingtools.com and I can provide you with a user name and password.

Happy Trading!

Welcome to My Investing Tools!

April 13, 2009

mitfacebook It’s Official! Version 1.0 here!

On April 15th, version 1.0 of My Investing Tools will be officially released! Come and see what it is about. If you have tried us out earlier, now is the time to come back and see what we have done. We have a fully functioning system complete with full user documentation! We are excited to offer you an additional 2 weeks free trial, so you will have one full month to try our product for FREE. Click HERE for additional 2 weeks free trial! You trial will end on May 14, 2009.    http://www.myinvestingtools.com

Soar to new heights! Dream big and make it happen.
“Show me a trader with good records, and I’ll show you a good trader.” – Dr. Alexander Elder

Track Multiple Trading Accounts

Track as many accounts as you like, specify what trading systems are available to each account and manage your money in each individual account. You can track statistics on each account.

Define Multiple Trading Systems

Define your system and trade your system! You can even track custom indicators, such as Stochastics or whatever indicator you use. If it isn’t there, then just add it, it’s that simple.

Custom Trading Calculator for Proper Money Management

Calculators work based on your trading account and trading system definitions never worry about using EXCEL or a calculator again to determine your position size, stop loss or target!

Trading Journal

Track your trades, one by one. This way you can easily go back and use our Trade Review system and review each of your trades. The best way to become consistent and profitable!

Trading Dairy and Market Forecasting

One place for all of your trading knowledge. Add market forecasts, book reviews, personal reflections, things to repeat and avoid and much more. This is your central repository, your personalized trading library.

Real-time and Historical Statistics – Expectancy

Know exactly where you stand, real-time expectancy is calculated for you for each account and each system! Know what is working and what is not. You can also use our historical statistics to determine if certain systems worked in various markets. Learn how to improve your systems and if you have an edge.

Reporting

Various reporting available for both real-time trades in your journal as well as historical.

Visit us at http://www.myinvestingtools.com
Email sales@myinvestingtools.com


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