In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.
A) What are the top five benefits you have seen as a result of regularly posting in this journal?
B) What are the top five problem areas you have identified as a result of regularly posting in this journal?
C) Were you initially reluctant to start this trading journal? If yes, why?
D) How do you feel, overall, about your journaling experience?
E) Would you recommend to others that they should also start a trading journal?
Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.
Enjoy your weekend,
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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Encourages the habit of record keeping, taking notes, etc.
Gives you insight from others on your trading.
Allows you to look over your trades and see what you were thinking when taking it. I for one often look at past trades and can't make any sense of out of my decisions!
Gets you into a routine, having a routine means doing the same thing every day, doing the same thing everyday will help you keep/develop your edge. Maybe I should explain. If you have a discretionary edge, you need to make sure you still do the same thing. If you don't have an edge, then you can simply change a bit of the method at a time, until you have one.
Writing things down will help you remember things, help you think in new ways, and will help with your literacy
Bonus: It makes Mike happy!!!
B) Again, not particular order
Lack of methodology
Lack of routine.
Lack of focus
Not checking the calendar
D) Disappointed that I got ill and lots of other stuff came up, I think it started a lot better than it ended. Want to continue, want to do more stuff (see next post). Otherwise enjoyed it. Would of liked a bit more input, but I guess that;s down to me still.
E) Of course! I find it highly unlikely that you have no free time to do it, and if you don't, I doubt everything else your doing is more important. Even if you don't think you have anything to contribute, somebody somewhere will probably benefit. Most of all though, it will help you. At least give it a try. Putting it on a board like futures.io (formerly BMT), is good because it's open to scrutiny, and if you don't post, people will chase you up.
Placeholder to answer this tomorrow. I somehow managed to miss that I was qualified for this, go go amazon vouchers!
Dovie'andi se tovya sagain.
Last edited by Hotch; April 3rd, 2012 at 09:41 AM.
So finished my 25 days on Pulsar. Not going to attempt it yet, as too many non related issues.
The bright news is, there are a couple of exciting things happening.
1-Taking a system live tomorrow. Bit nervous tbh. I won't be posting the strategy, but I will post my feelings, and hopefully this will give an insight into it. I'll also post results and other tidbits.
2-Creating a new method. This may or may not be 100% mechanical, most likely I will post the exact details of it. This will lead on to the super happy fun time project (henceforth the SHFT project).
By the time these are sorted out I'll probably have sorted things and be attempting pulsar. Will also continue to post other stuff.
I haven't got very far learning ninjascript, I'm having far too much fun on interviewstreet.