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Strategies & Market Trends : DAYTRADING Fundamentals

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To: peter michaelson who wrote (597)6/13/1999 9:12:00 PM
From: Eric P  Read Replies (1) of 18137
 
Peter:

I am very eager to learn how all you professional, active traders keep accounts on all your trading?

I am not as active as many daytraders, currently making 200-500 tickets per month. I input all of my trades into Quicken each night, as well as input the trades into an Excel spreadsheet to track the profitability of the various systems I trade.

During the day, the custom program I use keeps track of all of my positions. I have, at times, had as many as eight open positions simultaneously. Typically, though, I will only have 0-3 trades open at a time.

I hope someone answers this, because I have a tough time keeping close track on a real-time basis.

If you have trouble keeping track of your current positions during the day in realtime, then I believe you are holding more positions than you should be. You need to be able to give each position all of the attention it needs or your trading will certainly deteriorate. Just my opinion, and maybe I misunderstood your post.

Good Luck,
-Eric
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