The final step is to keep track of your daily trading or investment portfolio. The following points should be included and if required trade and/or investor can include more points• Date • Name of stock • Action (buy or sell) • Quantities (how many quantities were bought/sold) • Amount invested • Expected Profit potential (approx - so that you can square off your trade when the price reaches this level)• Final Result -Either profit or loss • Account balance after the trade has closed• Mention Notes - Note down your experience and how you did this trade.
Above format makes tracking results very simple.
This is a pretty basic start to having a trading plan. Experienced traders know that many more details to prevent mistakes and encourage good habits.
