If you have integrated your broker with FrontPage, you would have seen that FrontPage syncs with your broker to fetch your latest trade activity. Now to make your trade stream even more useful, we are happy to introduce trade logs.
What is a trade log?
A trade log is where you could document the reason or basis (or trigger) for why you did a particular trade, for example:
- Multiple technical indicators are pointing to an upward trend. Also XYZ analyst is recommending this.
- My friends Dinesh and Nisha are buying this, expecting a 10% upside in the next 2 weeks.
Why add a trade log?
The purpose of the trade log is to improve your decision making over time. You can come back later and reflect on your list of trades and their corresponding triggers and based on outcomes, you can weed out the triggers that led to losses.
This could also be a great way for your friends to know about your investment or trade rationale and decide whether they should copy your trade.