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.
In 2007, after having sold my company - a specialized online job board - I paid my taxes (43% Danish tax!). Inflation was higher than interest-rates so I decided to invest a large part of the post-tax money, I was left with.
I didn't know much about the financial markets, so I chose to invest in a mutual fund with more than 20 years of great results and a risk goal of losing a maximum of 15% over the course of 3 years. The fund had done really well during the latest market downturn from 2000 to 2003.
They had a strategy of investing 2/3 in bonds and 1/3 in stocks using an asset allocation model developed by a Nobel Prize winner and their shares traded on the national stock exchange. 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 mutual fund managers began doing everything wrong and finally 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.
As most traders will recognize, becoming profitable in trading requires much more time than expected and the journey often starts by reading dozens of books and newsletters and trying out different strategies. As time passes, most people begin developing their own methods and strategies and begin cutting down on external influence. So did I.
I learned that risk and money management as well as planning, documenting and learning from my trades was essential for continuous learning and increased profitability. So I started looking for an online tool that would accommodate all my requirements in these areas. 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 build TradeBench. We've been online since and are constantly improving it for our users including myself.
Since 2012 my yearly returns have been 13% on average, which is very satisfactory for a quite risk-averse person as myself. I diversify both on strategy and asset class level and use medium to long term, long only, non-leveraged strategies based on the academically acclaimed momentum factor, since 2015 through Falcon Invest (see my PS. below). Besides those investments, I have invested in a Danish small/mid cap value fund as well as few select individual stock picks. When I occasionally do short term trading, I use a long/short swing trade strategy, fading overbought or oversold conditions.
I sincerely hope you'll enjoy using TradeBench and will become more profitabale using it. My team and I look forward to serving you and hearing from you if you have any questions and would also love to hear about any ideas you may have that can further improve TradeBench to be the best online trading journal and trade planning tool available.
Founder & CEO, TradeBench
PS. My medium to long-term momentum based strategies mentioned above are available to the public through Copenhagen NASDAQ listed mutual funds in Falcon Invest which I have co-founded. Website currently in Danish only except for the page describing our fund with listed Danish stocks in english. NASDAQ links for alle the funds: Falcon Brighter Future Momentum,Falcon Danske Aktier Momentum, Falcon Europe Momentum, Falcon Flex Momentum & Falcon Global Momentum. Most of our own money are invested in the funds on the same terms as external investors.