Wednesday, August 29, 2007
TradeLogger saved me from losses today
This month overall has reaped little profits in my trading, even though my trading plan has been adhered to tightly. Fortunately my TradeLogger program has saved me again. It kept me in simulation mode today trading the mini Dow. I took 4 trades, 3 were losers, of those 2 were stop outs but since TradeLogger advised me to stay in simulation mode today I didn't actually lose any money from my account so the program did it's job. I just wish we could see more follow through in the markets and less whippiness. But tomorrow is a new day. Stay with the plan.
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TradeLogger - equity curve management
TradeLogger is a FREE program that helps day traders and swing traders minimize the drawdown in their equity. Close to 2,000 traders are now utilizing TradeLogger's easy-to-use interface to log their trades' profit and loss and receive a clear, consise signal whether their next trade needs to be a LIVE trade or a SIM trade. This is all based on how well their equity curve is performing.The benefit of this program is it saves you capital when your trading performance experiences periods of drawdown while in a losing slump, whether it's due to the skill of the trader, or just lack of follow through from the market due to market mechanics.
You can download at www.TradeLogger.net.
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