Editor's review
Trading diary Pro is software that keeps a record of a stock trader`s actions so that over a period of time one can go back and check how his performance has been. that would give the trader direct clues as to how to improve performance.
Record keeping helps any business. If one can keep records of one`s performance over time along with details about the situation, one would be able to infer if decision (trading actions) have been right. If not, what was wrong also could be equally easily deduced. The software creates a "mentor" that is able to look over the actions of the trader and advise what`s right. Identification of strengths and weaknesses will certainly help the trader become a more efficient one. The trading diary is able to provide a range of configurations, stats and reports along with graphical charts. One thus is able to identify how to avoid repeat mistakes and control one`s actions. The trading diary can help identify even situations where in a moment of excitement a huge trading mistake was made. One would then be able to avoid such situations.
Developing a winning strategy will need evaluation of past performance and the Trading Diary will help keep a record of why you made a certain decision in a trade like entering a trade or exiting one. By reviewing the circumstances and whether your decision was correct or not you can then learn from the past experience. The diary thus would let you discover correlations, recognize bad decisions, maintain successful tactics and improve strategy. This tool is certainly for specialists. Besides the organization of data and the format of presentation, how successful this is depends on what value one can derive from the data presented.
User comments