Options trading is a form of trading that can be quite lucrative, but it also requires careful tracking and record-keeping. One of the best ways to track your trades is by keeping an options trading journal. A trading journal will help you keep track of your strategies and results, as well as give you an opportunity to reflect on what you’ve learned along the way.
The first step in creating your options trading journal is to decide what type of information you want to track. This could include the underlying asset, expiration date, strike price, option type (e.g., call or put), entry and exit prices, profit/loss, and any other pertinent information. After deciding which information to track, create a spreadsheet that contains this data for each trade.
Learn all about how to use a trading journal here.