Software to Log Stock Trades
If you trade stocks a lot, it is best to keep a record of your trades. Some software programs allow you to track your wins and losses, as well as any other metrics that you might want to note. By making you more accountable, record keeping can also make you a better trader.
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StockTwits
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StockTwits is an application that was built off Twitter that allows traders to type in the trade that they are doing and type an entry and an exit point. This practice allows for you, as well as everyone else, to see the trades you are doing and make you more accountable, as well as learn from others.
Profit.ly
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Profit.ly is a website that actually connects to your trading account through secure encryptions and posts your trades when you enter and exit them to the Profit.ly website. It allows transparency and allows others to see what you're doing, as well as see what others are doing.
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Spreadsheets
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Create your own spreadsheet using either Excel or Google Docs. You can enter a variety of criteria, like Date, Ticker Symbol, Long/Short, Quantity, Bought (Price), Sold (Price) and others. This practice takes discipline and time and effort to put forth the information and may be less effective than the other measures.
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