A personal note from our Founder & CEO

TradeBench is a free online trading journal, trade planning, position sizing and risk management tool for private stock, futures, CFD and forex traders in the financial markets. Below is a note from our founder and CEO explaining why he created TradeBench.

Dear Trader,

In 2007, after having sold my company – a specialized online job board – I paid my taxes (43% Danish tax!) and as the inflation was higher than interest rates, I decided to invest a large part of the post-tax proceeds from the sale so I wouldn’t “loose money by having money”

Back then I didn’t know much about the financial markets, so I chose to invest in a mutual fund that had done really well during the latest market downturn from 2000 to 2003 and even had 20 years of great returns prior to that.

The fund strategy was to invest 2/3 in bonds and 1/3 in stocks using an asset allocation model developed by a Nobel Prize winner. Their shares traded on the national stock exchange and they had a risk goal of losing a maximum of 15% over the course of 3 years. I felt comfortable with my investment.

One year later, during the financial crisis of 2008, I was enjoying a 3-month trip with my family in New Zealand and had decided not to bring my laptop and not to look at my investments while away to enjoy the trip fully.

Unfortunately this is when the managers of the fund began doing everything wrong. They ended up losing 80% by the time we got home! I sold my shares in the fund immediately and decided it was time to learn how to trade and win back what was lost myself.

For me, and as most other traders will recognize, becoming profitable in trading required much more time than expected. The journey often starts by reading dozens of books and newsletters and trying out different strategies. As time passes, most people either quit as unprofitable (or broke!) or they begin developing their own methods and strategies in addition to cutting down on external influence.

I began doing the latter and became a full time trader. And I learned that risk and money management as well as planning, documenting and learning from my trades was essential for my continuous learning and thereby increased profitability.

I started looking for an online tool that would accommodate all my requirements but found none. Once again, as when I started the company I mentioned in the beginning, I had a need that current products in the market could not fulfill. So in 2011, I decided to have TradeBench built. We’ve been online since and to this day we are constantly improving it for our users.

I sincerely hope that you’ll enjoy using the online trading journal and trade planning tools of TradeBench and I am confident that you will become more profitable if you do so. Feel free to sign up here.

Best wishes,

trading,trader,trading strategy

Founder & CEO, TradeBench

trading,trader,trading strategy