i am entering the march trade journal contest. this is my 1st post in establishing my trade journal. i believe it would improve my trading to keep a consistent log of all trades.
i dont really journal so much now as i worry, fret, sweat, cuss, spit, throw and break shyt over my losers, but it occurs to me not enough time is spent on how i could improve my winners. reinforcing what i did right and maybe coaxing a little more out of future trades. the contest, i hope, will help me stay committed and focused for at least a month. i expect to improve. if for no other reason than to quit having to replace the shyt i broke. Lol
i dont type well and i have long since gone to audio/video recording of my trades. so i will be posting a link or embedding a youtube video. questions about trading plan, methods, strats etc will be answered on the fly.
wow now that was a long weekend. oh well. gonna try to hit again next week. i have much more frikkn discipline at trading than i do at this journal thing. and besides i cant control the feedback if i journal...stuck with the truth. oye
I know journaling takes as much discipline as trading, so that's why I wanted a detailed trading journal but simple enough to be effective, very visual, and mostly automated. I found the TJS Spreadsheet Journal which is an interesting tool to track and analyze results in different categories such as Futures, Forex, Options, etc. You might find it helpful as well.
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Daily Trading Coach by Brett Steenbarger may be of help here. There are 100 lessons/exercises that deal with emotions and he focuses on how to structure and analyse a journal a good deal - and how to make it a tool for improvement. I refer to his book at the end of my trading session and there is always something of value. He's a trading psychologist who also trades which gives it a bit more credibility imho.
I now spend at least 2 hours a day journalling, reviewing, analysing which means more time on the job but $ for hour that is time really well invested. I recently spent a few days going through my last years journal, trade cards and workbooks and wow what an eye opener. There's gold in them there journals!