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!
Tags: Expectancy, Investing Software, Investing Tools, Money Management, On-line Trading Tools, Position Calculator, Stock Market, Trade Reviews, Trading Journal, Trading Software, Trading Systems, Trading Tools
