Archive for February 6th, 2010

Trade Journal software subscription

I have recently subscribed to StockTkr journaling software in hopes of finding a trade journal software that meets my needs. My challenge is that I take several hundred trades a week now scalping across three brokers and really need a somewhat automated method for inputting trades. Stocktickr is very robust and has many features. I have been able to export trades in .csv format from all three brokers to input. The only real problem so far is that I can only export Infinity trades from the AT platform and that is limited to trades within that session. That sounds simple enough just download you trades for the day at the end of the day. The problem is that the AT platform resets itself for different instruments at different times of the day. I have found this to be too cumbersome for my needs. I contacted Infinity and they explained that they are working on a solution. I assume it will be a web based solution provided by TransAct as that is where customers currently find reports. I have had several asking me about this so I will post an update as I receive more information.

January 2010 Update

I am giving another long overdue update. January is finally over and I have been very busy with other non-trading business tasks as I am setting up a website and marketing material for our vacation rental business. Check back later at www.Cabinsof BlueRidge.net for updates. January was my third solid profitable month at 9.8%, lower than November and slightly higher than December. I am having difficulty compiling so many trades from three different brokers to extract needed statistical information. I have slowed trading equities futures and now almost solely trade the currency pair futures 6A, 6B, 6C, 6E, and 6J. I will occasionally trade NQ and rarely trade ES. This has been a pretty dramatic change and has been reflected in my results positively.

I have finished the Market Profile studies part of Joe Mertes mentoring program but still need to complete other aspects like refining my business and trading plans and completing detailed strength/weakness analysis. I am planning on spending another trading day with Joe live sometime over the next few weeks. I will post later on my progress with some thoughts on the use of Market Profile in general.