Contrarian Ripple Trading: low-risk strategy to profiting from short-term stock trades [PDF]

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Contrarian Ripple Trading: low-risk strategy to profiting from short-term stock trades Book

At this point a word on the keeping of trading records might be helpful. In order to be able to take advantage of the trading technique we use and have found successful, it is very important that the trader keeps good records of each trade.

Depending on your personality, adeptness with spreadsheets, or other factors, this may involve records kept on a spreadsheet on your PC, or you may make do with simple handwritten records. Either way, the information that you need to keep comprises the number of shares and the identity of the stock bought, purchase date and cost per share and the cost of the purchases in dollars net of commissions paid.

It should be clear from your records that the position is open until it is in fact sold, at which time the date of sale, the selling price per share and the total proceeds net of brokerage commissions should be entered next to the purchase, as well as profit made on the trade net of commissions.