Thanks to numerous reader surveys and general conversations with readers over the years, it has become apparent to me that many investors lack the most basic tools for tracking their results and honing their skills.
Some, like myself, use Microsoft Excel, however it has its limits as formulas can become complex and difficult to maintain.
That's where STTG Premium Tools comes in.
Through STTG Premium Tools, our goal is to promote successful investing through healthy habits such as logging trades, learning from past mistakes, using stops, having buy and sell rules, journaling, etc.
We have four tools that will be available at launch: "Trade Log", "Results Analyzer", "Strategies Manager", and "Trade Journal".
Based on the most recent reader survey, nearly 40% of readers do not log their trades, and of those that do, over 10% still track their trades with paper!
Trade Log is my favorite tool as we designed it to replace my own personal trading excel workbook.
Each trade logged supports multi-buys and sells, trade notes, cloud storage for chart images uploads, mistake tracking, "R" risk tracking + management, commissions spend, as well as strategy support so you can easily group trades.
Here at STTG we are big believers in KISS (keep it simple, stupid). Trade Log is 100% browser based, backed up to the cloud, and is designed to look and feel like excel, just much easier to use.
Calculating win %, loss %, $ return, % return, return after commissions, "R" multiples, etc can be tricky to setup in excel and is no easy task by hand.
Results Analyzer automatically sorts all your logged trades, organizes them by strategy, and displays the results in an easy to read format so you can quickly assess your performance.
The more trades you enter into Trade Log, the more data Results Analyzer can process and break down.
Strategies Manager and Trade Journal
Every disciplined trader follows one or more Strategies with complete Buy and Sell rules. Strategies Manager is a tool that allows you to easily create, edit, and manage your own Strategies with separate Buy and Sell rules for each.
Lastly, Trade Journal is an easy place to blog your personal thoughts about the market, past trades, lessons learned, etc. Some of my greatest "a ha" trader moments have come from my personal journaling.
STTG Premium is still a few weeks away from launching and is currently in a Beta state. We need testers to provide feedback on the tools, help find bugs, make improvements, etc.
If you would like to have the opportunity to get in early and use the tools before everyone else then please email me, "blain (AT) stocktradingtogo (DOT) com", or use our contact form.
We will only be accepting 20 - 30 people max for the private Beta testing, so first come, first serve!
We are extremely excited about these STTG Premium Tools and can't wait to open access to everyone. I will share more updates over the coming weeks as we get closer to launch.
Stay frosty out there.