Time during next week till the end of year will be quiet on stock markets. And it is good time to look to own trading statistics in stock trading journal.

It is good to check what was your trading this year. What did you do well as a trader ? And what did you bad ? What do you need to improve ?

I have one tip what to do during this free time. I plan to check my stop loss placement and trailing stop strategy.

Have you ever tested if your stop loss placement is done correctly ? What method of trailing stop do you use ? There is good tool which can help you test several different approaches to using stop losses in your trading.

This tool is Stop Analysis Center.

This tool is incorporated on Stocktickr web page (it is great online stock trading journal). I use this journal for my trading. I am going to use this stop analysis center to see how to improve my stop loss usage in my trading.

Have a nice Christmas time

This entry was posted on Thursday, December 20th, 2007 at 11:46 am and is filed under Trade management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.