Here is what I would do.
1) Goto a local office supply store.
2) Buy yourself a hard cover (not soft) notebook that you write notes in.
3) Get yourself a good quality pen.
4) Get into a habit of writing down your trading thoughts.
5) Get a simulated account.
6) Define a strategy with entrance, and exits and write it down BEFORE you enter the trade.
7) Enter the trade.
8) Follow the trade with notes.
9) Exit the trade with notes.
10) Goto 6
11) If notebook is full buy another, and put the old one in a book shelf.
When I first started my professional career in 1992 a very good manager said the exact same things I just wrote to you. I at first doubted it, but have to say I swear by it. I often have to go back in time and think about what I did and did not do.
Writing things down is like a diary, but not really since you are not talking about your dog or cat. What you are doing is making a set of mental notes on what your professional state of mind is.
And I would not just do one strategy. In fact I would do as many as I could. BUT, BUT, BUT... Make the notes and make your various strategies part of a master plan...
Another reason why I write down notes, is the same reason why I blog. It keeps me honest...
Christian
--- In OptionClub@yahoogro
>
> ....the other for more than a week or so. Should I try vertical spreads I learned in "class" or should I stick with Puts and Calls for awhile until I get the feeling for what I'm doing??
> Thanks, Judy L.
>
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