This is it. The key to the kingdom. We all know it but he temptation of greed and big bucks can make a us do some stupid things.
While thinking about how I was going to set up my risk control I can’t help but to think. The more of this that you could automate using excel or something the easier it would be to follow your predetermined rules. I will start to work on something and will be more than willing to share it with all and see if I can get some ideas and help with it. The idea of a easy trading journal makes me happy. The problem is that all of the one’s I have looked at are either to simple or are to complex. I’m looking for a useful middle ground.
I have for sometime used a fixed fractional system for my risk control. I would then break my account up to hold ten positions. I have some other ideas floating around in my head but I’ll get to them in time. I have come across an article on TraderMike about using Volatility to help with position sizing. The article makes some very interesting points.
This weekend I will start a very basic sheet to record my trades. I’ll post it here to see if I can get some help from people who are better with excel than I am.
