DearSpikeTradeMember,

WearemakingavailabletoyouanExcelspreadsheetfordocumentingtradesandthisWordfile,
whichexplainshowtouseit.
Goodtradingandbestwishes,

Traders
Template

Dr. Alexander Elder & Kerry Lovvorn

1. AccountnameIhaveaseparatetabforeveryaccountinmyspreadsheet.YoucanusebasicExcelcommandstocreateadditionaltabs
andcopypastethisspreadsheetintoeachofthem.1areferstotheyearasthespreadsheetgetslonger,Iaddnewyearstoit.
2. SourceIhaveseveralsourcesformypicks,fromthehardest(homework!)totherelativelyeasierones,suchastips(womorwordof
mouth),webinars,andSpikegroup.Iliketotrackmyprofitabilityfromeachofthesesources.
3. NameIwanttorecordthespecificnamewithineachsource.IhavenoticedlongagothatIalmostalwayslosemoneywhenIfollowthe
tradingideasofsomepeople.Thisrecordhelpsmediscoverthebestandtheworstsourcesofideaswithineachgroup.

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Symbolthetickerforastock,future,oroption
Quantitythenumberofsharesorcontracts
Long/shortthecellsinthiscolumnturngreenwhenyoutypeletter"l"forlongorredwhenyoutype"s"forshort
Entrythepriceatwhichyourorderwasfilled
Datethedateyourorderwasfilled
Orderifyouusedalimitorder,leavethiscellblank.Ifyouusedamarketorder,typeinthepriceatthemomentyouplacedyourorder
Slipifthepreviouscellwasfilled,thiswillcalculateyourslippage,eitherpositiveornegative,duringtheentry
Commcommissionforbuying(orsellingshort)
Exitthepriceatwhichyourorderwasfilled
Datethedateyourorderwasfilled
Orderifyouusedalimitorder,leavethiscellblank.Ifyouusedamarketorder,typeinthepriceatthemomentyouplacedyourorder
Slipifthepreviouscellwasfilled,thiswillcalculateyourslippageduringtheexit
Commcommissionforselling(orcovering)
Feeexchangefees
P/Lgrossprofitorlosspertrade
Netprofitorlosspertrade,aftercommissionsandfees(19ashowsthenetP/Lfortheyear.Youcancreatesimilarsummarycellsfor
otheritems,suchasprofitpersource)
Upchtheupperchannelonthedailychartontheentryday(fillinmanually)
DownChthelowerchannelonthedailychartontheentryday
Highthehighoftheentryday
Lowthelowoftheentryday(tocalculateentrygrade)
Highthehighoftheexitday
Lowthelowoftheexitday(tocalculateexitgrade)
Entryentrygrade(calculatedautomatically)
Exitexitgrade
Tradetradegrade
anoptionalgradecolumn(manual)>30%isA,>20%isB,>10%isC