Reviewing Your Trades with StockTickr

September 20th, 2006

When I started Dummy Trading a few weeks ago, I was really interested in capturing screenshots of the charts of my trades so I could review at the end of the day. It was important to me to capture my entry point, stop, exit, and what the general market did that day. To do this, I ended up taking screen grabs and annotating them with my entries and exits. I’d save the image with some descriptive name like: trade.20060803.long.GES.png which would indicate a long trade in GES on 8/3/06. Here’s that exact screenshot that’s sitting somewhere on my hard drive gathering dust (click to enlarge):

GES Trade on 20060803

This approach worked for a while, but there are a few reasons I got tired of it:

  • It’s too much work to do this for every trade – I had to figure out where I entered and exited and draw them on the chart.
  • It was inconvenient to review the trades in this format – my trades were on my hard drive in a relatively inaccessible format.
  • Sometimes I’d trade off different charts and there’s only so much room in a single screenshot.
  • Did I mention that it’s too much work? If I didn’t remember to do the screen grabs right at the close, I was starting to just let it slide.

Because of the reasons above, I wasn’t reviewing the charts like I should. The whole point of reviewing your trades is to learn from them and my solution wasn’t working.

So, I decided to build a feature into StockTickr that does the heavy lifting for me. Instead of a screengrab, StockTickr generates charts for me. It’s called the StockTickr Chart Review and here’s how it works.

  • I enter a trade into the StockTickr Trading Journal like I normally do.
  • I close out the trade and enter it into my journal (again, like I normally do).
  • About 30 minutes after the market close, StockTickr automatically generates candlestick charts in multiple timetrames (5, 10, 15, 30 minute bars) for each of my trades that day, plotting my entry, stop, and exit.
  • In addition to the charts for the stock I traded, StockTickr also captures the charts for QQQQ and SPY with a line indicating the time that I entered my equity trade.

When your chart review is ready, you’ll see an icon next to the ticker symbol in your trading journal:

Chart Review from Journal

Here’s a trade I made in SIMG the other day, and here’s another one I made yesterday (it didn’t turn out as well).

Share your Charts

Your chart review is private by default, but you can also share your charts with the world, if you’d like. To enable sharing, go into your profile and share all your charts:

Share Chart Review in Profile

Or, if you prefer, you can share charts on an individual basis:

Share an Individual Chart

When you share your charts, they’ll show up in the StockTickr Chart Review section, where you can filter everyone’s shared charts by time frame (only show 5, 10, 15, 30 minute charts), trade type (long or short), winning or losing trades, and based on minimum or maximum R. For example, this link shows 15 minute charts for short trades that resulted in at least 1R of profit.

There’s even an RSS feed for the StockTickr Chart Review if you want to follow along in your RSS reader.

You can also copy the charts to your own site if you’d like to share them. You can also feel free to simply link to the chart on your own site (i.e., we’ll host the chart).

Bottom Line

This has dramatically streamlined my trade review at the end of the day because so much of the process is automated (I love automation). Because different time frames are captured, I’ve noticed some characteristics of my trades in a different time frame than I traded. Also, since much of my success depends on guessing the overall market trend during the day, the QQQQ and SPY charts help me remember what the market was doing on that particular day. Best of all, I don’t have to lift a finger – no more screengrabs!

The StockTickr Chart Review is available now for StockTickr Pro subscribers. Sign up today and get copies of the TRADEthemove.com e-books on fibonacci trading.

4 Comments

  1. Tyro Said,

    September 20, 2006 @ 7:44 am

    That sounds like a fantastic feature! I love that you have the stoploss price as well as the entry and exits. The only other thing that I add is the target price. The Chairman would use time-based exits for his Dummy trading, but after following Trader-X, I’ve started to pick explicit price targets to help quantify the risk/reward ratio before I enter a trade.

  2. Dave Said,

    September 20, 2006 @ 7:47 am

    Thanks for the comments, Tyro. I, too, have started using the Fibs as potential targets. I’ll consider including targets in the journal at some point.

    This chart review has really helped me in my trading.

  3. TheStockBandit.net » StockTickr Does it Again Said,

    September 21, 2006 @ 5:46 am

    […] Check out the StockTickr Chart Review post for more details. And to the guys at StockTickr, keep up the great work! […]

  4. Becoming Your Own Trading Coach daily forex analysis, forex signals, forex trading, beginner, help, discussion Said,

    August 16, 2008 @ 10:25 am

    […] about trading results. Users of the program have the option to keep their journals private or share with others in the Stock Tickr community. This latter option opens the door to peer mentorship and coaching. […]

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