The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone, Kirk here again and welcome back to the daily call from optionalpha.com. On today’s daily call, we are going to talk about how to track your option trades and why you should keep a trading journal. I will first say this. I realized 100% that tracking trades is a big problem in this industry. In fact, I’m surprised and very happy at the same time because we have an opportunity to fill this gap. But I’m surprised that a lot of brokers are pretty bad at this. Now, most brokers have the ability to track trades like your open profit, your total profit, your daily profit, etcetera and they still keep a very nice ledger for you at the end of the year of all the trades that you’ve done. But what we’re talking about here is actually tracking associated trades and tracking trades that are associated together with adjustments, with different strike prices, with different tickers, different strategy types, etcetera. Like for example: My broker right now is Thinkorswim. Thinkorswim has a really good tracking