Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA  User Profile | That makes sense. But it's pretty easy with a spreadsheet to extrapolate that info to other account sizes, if you have some kind of standard sizing rules (X% of account per trade, for instance). In fact we could do that ourselves, but that sort of defeats the purpose - unless you provide a very easy one-click Excel export, covering all the trades for the past week. What is really important that is missing is the RISK-delta being taken (entry vs initial stop) for each trade ... ideally present that as a percent of Close, so that it's apples to apples comparable to the percent gain/loss. From those two, lots of studies and analyses can be done. Also, it would be highly beneficial to see the type of exit taken ... which feature of the trading plan fired (fixed, breakeven, trailing), or discretionary. That will help folks eval the TP and possibly improve it. The main thing that including the account size related info, and the number of shares, is that COMMISSIONS can be evaluated. That can be a very significant factor if many small trades are being taken, such as for a $25k account. By seeing that in black and white, for a $25k account vs say a $100k or $250k account, your students can realistically evaluate how many of the trades that YOU take will be "healthy" for THEM to take. I hope everyone understands how vitally important this stuff is. Thanks! [Edited by Jim Dean on 2/13/2014 11:11 AM] | |
