My trading

To be successful as a speculative trader, I believe that one must:

  • Master risk management
  • Master psychology
  • Under trade
  • Keep a trading journal
  • Target absolute returns, not winning percentage

There are good trading tools

  • Tradestation
  • Google finance
  • CBOE.com
  • OptionWizard

I believe there is one tool that is missing.  It would take trade executions and put them in a database.  It would keep daily net liqs and daily, weekly, monthly and yearly profits.

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