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I've kept a journal since my first days starting out as a trader, but not publicly. Since I started keeping my journal here on the forum at the beginning of this calendar year there have been some added benefits. One of the most important changes was it demonstrated how much my ego played into my honesty with myself about failures / successes in trading. When my journal was private, I could fail spectacularly and repeatedly and the only person I had to worry about reading it was me. It seems to me that actually limits the benefits of failure. I could also go on rather non-productive emotional tangents and feel little embarrassment. But with a public journal, even an anonymous one, I find myself taking it more seriously. I'll use a loose analogy -- It's more like each post is a public earnings announcement for my business. If I'm going to post crap earnings, I better have a growth story behind it. Failures need to be turned around quickly into plans for future success. This is pushing me (I hope) to flail around a bit less, behave more professionally, iterate more quickly, and latch onto good practices and discard bad ones at a more aggressive pace.
Congrats to the winners! Encourage everyone to keep journaling.
I must admit that keeping the journal public did have a positive impact on my trading. It just kept me from taking more losses and revenge trading and other bad habits. I have had my best trading month so far in terms of performance and statistics.
I am looking forward to the next challenge!
FIO, have you ever considered changing the voting mechanism? Like letting people vote after the challenge ends not when it starts?
