So above you we see my latest reporting tool built in Excel that will help me track my Profit and loss statement much more effectively. The only column that I need to explain is the potential profit. It is based on how many shares I purchased, cost per share, and then subtracted by my Stop loss order in case things go against me. That is what we call managing risk. As I move along this new year of 2012, I’m sure that I will tweak it to show months and something else I would like to show is my actual risk per trade and actual risk based on all I own against what I have invested.
If you have any suggestions, please email me or tell me in person and I will consider showing it.