A trader\'s money management system

P1:a/b P2:c/d QC:e/f T1:g
c12 JWBK182-McDowell April 25, 2008 16:15 Printer: Yet to come

Using Trade Posting Cards and Ledgers 113

DAY

MONDAY

7-23

7-24

7-25

7-26

7-27

NO TRADES

5 4 1 2312.50 (28.96) 2283.54

1 1 0 875.00 (7.24) 867.76 867.76

1 1 0 600.00 (7.24) 592.76 1460.52

2 1 1 (162.50) (7.24) (169.74) 1290.78

1 1 0 1000.00 (7.24) 992.76 2283.54

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

SATURDAY

SUNDAY

TOTALS:

Itwasabetterweek.Iwasabletorecordsomegoodgains.Dowdroppedahugeamount(<586.26pts).Nasdaqlost

136.25pts.–5.05%.TheEminiS&P500thatItradeddropped85.75pts(–5.55%).Allthishappenedaweekafterthe

marketpostedrecordhighs(Dow:14000.41close,14021.95high).Indeed,itwasaverybigcorrection.Iamsure

Icouldhavedonebetter.Forinstanceon7-26-07,ifIwouldhavechosenthe3’timeframe,Iwouldhavemadeanice

profitinsteadofasmallloss.BUTHAVETOCHOOSETHERIGHTTIMEFRAMETHATISTHEQUESTION.

Winratio:80%

Payoffratio:2.2

Commissionratio:1%

# TRADES # WINNING # LOSING

NOTES:

GROSS $ P/L COMMISSION $ NET $ P/L RUNNINGNET $ P/L

WEEK # OF THIS LEDGER (CIRCLE ONE)

1 2 3 4 5

JULY 23, 07

MONDAY’S DATE FOR THIS WEEK

TRADE OF THE WEEK:LARGEST WINNING $

TRADE OF THE WEEK:LARGEST LOSING $

LARGEST WINNINGTRADE POSTING

LARGEST LOSINGCARD #:

TRADE POSTINGCARD #:

TRADE OF THE WEEK:AVERAGE WINNING $

TRADE OF THE WEEK:AVERAGE LOSING $

WEEKLY TRADE LEDGER

111802 Copyright © 2002 by TradersCoach.com,Inc.

992.76

(291.12)

198–07

196–07

643.67

(291.12)

TradersCoach.com

“The Trader’s Assistant”—A Trade Posting and Record Keeping System

FIGURE 12.5 Student Weekly Trade Ledger for July 23, 2007, 9 Percent Gain.