Closed Positions Table (4)

May 1st, 2008

All the fields in the trade entry panel are present in the Closed Positions table. In addition to these a Profit/Loss row with the Profit or Loss from that trade is also tracked.

All the trades where the trader followed their system/rules when buying and selling the stocks is a good trade. In the Closed Positions table the Good Trades have a green color and the Bad Trades have a red color. The trader may also choose to not track this value and select Not Used in which case the row will remain in the default white color.

Up to 50 rows can be displayed in the table. The trader may use the scroll bars in the side to scroll through the set of rows being displayed when analyzing the trades.

Previous Button: This causes the previous 50 rows to be retrieved.

Next Button: This causes the next 50 rows to be retrieved.

Delete: To delete a row select the row and press the delete key.

Open Positions Table (3)

May 1st, 2008

All the fields in the trade entry panel are present in the Open Positions table.

All the trades where the trader followed their system/rules when buying and selling the stocks is a good trade. In the Open Positions table the Good Trades have a green color and the Bad Trades have a red color. The trader may also choose to not track this value and select Not Used in which case the row will remain in the default white color.

Up to 50 rows can be displayed in the table. The trader may use the scroll bars in the side to scroll through the set of rows being displayed when analyzing the trades.

Previous Button: This causes the previous 50 rows to be retrieved.

Next Button: This causes the next 50 rows to be retrieved.

Update Button: Select a row that you would like to update and press the Update Button. The row is immediately deleted from the Open Positions table and is populated in the Trade Entry Panel. The user may complete the additional fields in the Trade Entry Panel and press Add button to complete updating the entry.

CAUTION: Please update only one row at a time. Pressing the Update button will automatically delete the row in the Open Positions table and overwrite any values in the Trade Entry Panel.

Delete: To delete a row select the row and press the delete key.

How to enter a short buy trade?

May 1st, 2008
  • To log a Long Sell trade all the fields in the Buy sub-panel must be completed. In most cases the trades will be picked up from the Open Positions table using the Update button and completed.
  • In the Sell sub-panel, refresh the date or set it to correct value and enter the sell price
  • In the Sell sub-panel, select suitable values for Market Trend, Trading Rules and Emotions
  • Press the Add button. This will cause the trade to be entered in the closed Positions table. The summary fields will also be updated.

How to enter a short sell trade?

May 1st, 2008
  • Enter the Symbol, quantity, order type, initial risk and commission
  • In the Sell sub-panel, refresh the date or set it to correct value and enter the sell price
  • In the Sell sub-panel, select suitable values for Market Trend, Trading Rules and Emotions
  • Press the Add button. This will cause the trade to be entered in the Open Positions table.

How to enter a long sell trade?

May 1st, 2008
  • To log a Long Sell trade all the fields in the Buy sub-panel must be completed. In most cases the trades will be picked up from the Open Positions table using the Update button and completed.
  • In the Sell sub-panel, refresh the date or set it to correct value and enter the sell price
  • In the Sell sub-panel, select suitable values for Market Trend, Trading Rules and Emotions
  • Press the Add button. This will cause the trade to be entered in the Open Positions table.

How to enter a long buy trade?

May 1st, 2008
  • Enter the Symbol, quantity, order type, initial risk and commission
  • In the Buy sub-panel, refresh the date or set it to correct value and enter the buy price
  • In the Buy sub-panel, select suitable values for Market Trend, Trading Rules and Emotions
  • Press the Add button. This will cause the trade to be entered in the Open Positions table.

Entering Trade information (2)

May 1st, 2008

The buy and sell orders will need to be entered in the journal using the Trade Entry panel shown below.

Trade Entry Tab

The following fields are present in the Trade Entry Panel:

Symbol:           This is the symbol of the stock that is being traded

Quantity:         The number of stocks that are being traded

Order Type:     This indicates whether the trade is a long trade or a short trade. If it is a Long Trade then the buy price is required for the trade to be entered in the Open Positions table. For short trades the sell price is required for the trade to be entered in the Open Positions table.

Initial Risk $:  This is the amount of dollars that you are willing to risk in this trade. This information will be entered by the user.

Portfolio %:     This field is automatically calculated and cannot be edited. It represents the size of the current trade as a percentage of the Total Portfolio Amount. The Total Portfolio Amount can be seen in the Summary Panel.

Commission:   This field is updated by the user. This represents the total amount that is paid as commission to buy and sell stocks. This value is used in calculating Total Amount, Wins, Losses, Expectancy and Total Portfolio Amount.

Trade Date in Buy sub-panel: This represents that date at which the Buy trade was executed. This field is automatically refreshed for each trade. To refresh it manually the user can use the refresh button which is represented by the button with three dots to the right. The user can also use the scroll button to change the date. For example, to change the month click the month field and use up or down scroll button through scroll through and choose the desired month.

Price in the Buy sub-panel: This is the price at which the stocks were bought. It is used in several calculations. It is also edited for correct values. A non-zero value will need to be entered in this field for it to be considered valid. The value will need to be a number with or without a decimal value. For long trades a value will need to be entered to be able to log the trade to the Open Positions table. This field is automatically refreshed to blank after each trade and will need to be re-entered for each trade.

Market Trend in the Buy Panel: This represents whether the market was trending up or down when the trade was executed. Alternatively this field can also be used to track other trends such as the industry direction or any other trend that the user is interested in tracking. The trader may also choose to not track this value and select Not Used.

Trading Rules in the Buy Panel: This indicates whether the trader followed their own trading system/rules. All the trades where the trader followed their system/rules, i.e. they bought the stocks that met their criteria at an entry point based on their rules, is a good trade. In the Open Positions and the Closed Positions tables the Good Trades have a green color and the Bad Trades have a red color. The trader may also choose to not track this value and select Not Used.

Emotion in the Buy Panel: Since the trader’s environment and ultimately their emotion during the trade might also contribute to their strengths or weakness we offer this field to track the trader’s emotion. The trader has the option to choose from basic emotions such as Happy, Afraid, Angry, Disgusted, Sad and Surprised. Or the trader might choose to not use track this field and choose Not Used.

Trade Date in Sell sub-panel:  This represents that date at which the Sell trade was executed. This field is automatically refreshed for each trade. To refresh it manually the user can use the refresh button which is represented by the button with three dots to the right. The user can also use the scroll button to change the date. For example, to change the month click the month field and use up or down scroll button through scroll through and choose the desired month.

Price in the Sell sub-panel: This is the price at which the stocks were sold. It is used in several calculations. It is also edited for correct values. A non-zero value will need to be entered in this field for it to be considered valid. The value will need to be a number with or without a decimal value. For short trades a value will need to be entered to be able to log the trade to the Open Positions table. This field is automatically refreshed to blank after each trade and will need to be re-entered for each trade.

Market Trend in the Sell Panel: This represents whether the market was trending up or down when the trade was executed. Alternatively this field can also be used to track other trends such as the industry direction or any other trend that the user is interested in tracking. The trader may also choose to not track this value and select Not Used.

Trading Rules in the Sell Panel: This indicates whether the trader followed their own trading system/rules. All the trades where the trader followed their system/rules, i.e. they sold the stocks that met their criteria at an exit point based on their rules, is a good trade. In the Open Positions and the Closed Positions tables the Good Trades have a green color and the Bad Trades have a red color. The trader may also choose to not track this value and select Not Used.

Emotion in the Sell Panel: Since the trader’s environment and ultimately their emotion during the trade might also contribute to their strengths or weakness we offer this field to track the trader’s emotion. The trader has the option to choose from basic emotions such as Happy, Afraid, Angry, Disgusted, Sad and Surprised. Or the trader might choose to not use track this field and choose Not Used.

Comments: This can be used by the user to enter any other information that the user might want to keep track of in the journal. This is edited for valid characters. All alphabets, numbers and punctuations except comma are supported. An error window pops up if a comma is entered.

Add Button: The add button serves several functions. When the Long Buy trade without the Sell Price or a Short Sell Trade without the Buy price is present in the Trade Entry panel. Pressing the Add button will cause the trade to be entered in the Open Positions Table. If both the Buy Price and Sell Price are present the trade will be entered in the Closed Positions table. When the add button is pressed all the Summary values will also be updated.

Clear Button: The clear button can be pressed to refresh the date fields and reset all other fields to zeroes or blanks.

Using the Summary Panel (1)

May 1st, 2008

The Summary Panel has two tabs:

1.         Summary Tab: This displays the important amounts and values.

2.         Edit Summary Tab:     This can be used to adjust or reset that values displayed on the Summary Tab.
 

Summary Tab:

Summary Tab

The following fields are present on the Summary Tab:

Total:   This field displays the total amount that the trader has in the account. This is calculated based on the initial value entered and the win/loss amount from the trades. This can be adjusted using the “Add Cash” and “Remove Cash” fields in the “Edit Summary” tab.

Portfolio Amount:       This is the amount of all the open positions as indicated in the Open Trades column. This can be adjusted using the “Portfolio Amount” field in the “Edit Summary” tab.

Trades:  This is the total number of trades that have been completed. Only the closed positions are taken into account.

Win Amount: This is an amount field indicating the total amount of wins to date. This value is used in calculating the “Expectancy”. This can be adjusted using the “Reset Wins/Losses” button in the “Edit Summary” tab.

Loss Amount: This is an amount field indicating the total amount of wins to date. This value is used in calculating the “Expectancy”. This can be adjusted using the “Reset Wins/Losses” button in the “Edit Summary” tab. Once this is reset, expectancy will be calculated from that point forward. It cannot be reversed to account for all the trades.

Expectancy: This is a calculated field that displays the amount that the trader can expect to win. This is calculated using the probability of win, average wins, probability of loss and average loss from the traders’ history. This can be adjusted using the “Reset Expectancy” button or the “Reset Win/Loss” button. Once this is reset, expectancy will be calculated from that point forward. It cannot be reversed to account for all the trades.
 

Edit Summary Tab:

Edit Summary Tab

Add Cash:       Enter the amount you would like to add without the dollar symbol in the field and click “Add” button to add the amount to the “Total Amount”.

Remove Cash: Enter the amount you would like to remove without the dollar symbol in the field and click “Remove” button to remove the amount from the “Total Amount”.

Portfolio Amount:   This field has been removed.

Reset Wins/Loss:        This will reset the “Win Amount” and “Loss Amount” to zero. Resetting this value will also reset the Expectancy field in the Summary tab. Once this is reset, expectancy will be calculated from that point forward. It cannot be reversed to account for all the trades.

Reset Expectancy:      This will reset the Expectancy field in the Summary tab. Once this is reset, expectancy will be calculated from that point forward. It cannot be reversed to account for all the trades.

Screenshot of TickerLog V1.1 trading journal

May 1st, 2008

Full Screen of TickerLog V1.1

1. The Summary Tab and Edit Summary Tab

2.   The Trade Entry Panel

3. Open Positions Table

4. Closed Positions Table

5. Copyright Panel.

How to launch TickerLog 1.1?

May 1st, 2008

To launch TickerLog, double click the TickerLog.exe file in the TickerLog1.1 folder.