Trade Journal¶
The Cost of Tuition
"It is very difficult to make back money... comes at a lot of cost and effort. Defend your capital."
Lessons Learned¶
These are expensive lessons - don't repeat them!
| Stock | Date | Loss | Mistake / Lesson |
|---|---|---|---|
| Tesla | April 29 | $500 | No technical entry. News based. No stop loss. No alerts. No patience for positional trade. |
| Nvidia | May 23 | <$150 | Earnings hype entry. No technicals. Played too close to earnings calendar. |
| Dell | May 29 | $1,300 | Revenge trade. Close to earnings. No stop loss. |
| ANF | June 10 | $250 | Trade went right direction, but didn't take partials or raise stop. Bad position management. |
| Coinbase | June 12 | $450 | No stop loss. Bought dip but didn't recover fast enough. Sold for 10% loss. |
Common Mistakes Identified¶
Patterns to Avoid
- No Stop Loss - Appeared in almost every losing trade
- News/Hype Based - No technical confirmation
- Revenge Trading - Emotional, not strategic
- Poor Position Management - Not taking partials, not moving stops
- Earnings Plays - Trading too close to earnings
Monthly Reviews¶
Trade Log Template¶
When logging trades, include:
- Date and time
- Stock symbol
- Entry price and reason
- Stop loss level
- Target(s)
- Actual exit and price
- P&L
- What went right
- What went wrong
- Lesson learned