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My journaled journey to success


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My journaled journey to success

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  #101 (permalink)
 eman 
Galveston ,TX
 
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@Big Mike - sage counsel. taking this to heart myself. much obliged!

cheers,
-e

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  #102 (permalink)
 gordo 
Tonganoxie, Kansas
 
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Big Mike View Post

...Just my thoughts.

Mike

WOW Mike!!!

Too late to hit all your suggestions, because I made six trades today. I put the first five in the first attachment. Nevertheless, let's just say we start Monday. Monday is good for me. Monday good for you?

Next, if you follow my thread, you know I can't just talk, I have to have SLIDES, GRAPHS, CHARTS, INDICATORS…TAH DAH!!!! So I made my two week plan in Excel based on your GREAT recommendations Mike. I have also attached the spreadsheet if anyone else wants to take the Big Mike Challenge.

So I put the information in for the last three days. I actually surprised myself. My self image said I was just absolutely stunning these last few days. [I’m just certain it was because I made money.] My grade card did not reflect the same reality. Not bad (B+, 3.3) but not the straight A’s I am accustomed to in school.

Good! That makes this very real now for me. I don’t like getting bad grades. There was even a trade this week I got a ‘D’ on. Can you believe that??? That is NOT good! Now I am sooooooo looking forward to Monday.

Gordo

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  #103 (permalink)
 kareem40 
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I am in.
Kareem



gordo View Post
WOW Mike!!!

Too late to hit all your suggestions, because I made six trades today. I put the first five in the first attachment. Nevertheless, let's just say we start Monday. Monday is good for me. Monday good for you?

Next, if you follow my thread, you know I can't just talk, I have to have SLIDES, GRAPHS, CHARTS, INDICATORSÖTAH DAH!!!! So I made my two week plan in Excel based on your GREAT recommendations Mike. I have also attached the spreadsheet if anyone else wants to take the Big Mike Challenge.

So I put the information in for the last three days. I actually surprised myself. My self image said I was just absolutely stunning these last few days. [Iím just certain it was because I made money.] My grade card did not reflect the same reality. Not bad (B+, 3.3) but not the straight Aís I am accustomed to in school.

Good! That makes this very real now for me. I donít like getting bad grades. There was even a trade this week I got a ĎDí on. Can you believe that??? That is NOT good! Now I am sooooooo looking forward to Monday.

Gordo


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  #104 (permalink)
 PandaWarrior 
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gordo View Post
Big Mike Challenge.Gordo

So I am in too. I have my own version of this and will post in your thread as well as mine.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #105 (permalink)
 Big Mike 
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eman View Post
@Big Mike - sage counsel. taking this to heart myself. much obliged!

cheers,
-e

Thx


gordo View Post
WOW Mike!!!

[COLOR=#303030][FONT=Verdana]let's just say we start Monday.
Good! That makes this very real now for me. I donít like getting bad grades. There was even a trade this week I got a ĎDí on. Can you believe that??? That is NOT good! Now I am sooooooo looking forward to Monday.

Awesome, I'm glad it got you energized -- and yes, you do a great job with Excel and charts, keep it up --- the numbers don't lie, you've just got to get to the point where the data you are inputting is "honest" and also the right kind of data, then you can really focus on what is going on with your trading.

When I say honest I do not mean that you are purposely lying. But the mind is a powerful thing, and I know from many personal experiences it can trick/fool you into believing something 10000% when in fact it is dead wrong (selective memory). So that is why it is important to kind of jot down things as you go, like "why" you entered and exited -- you should try to do these immediately after pulling the trigger so your mind can't have a chance to come up with some new excuses that didn't exist at the time you made the actual decision


kareem40 View Post
I am in.
Kareem

Awesome


aztrader9 View Post
So I am in too. I have my own version of this and will post in your thread as well as mine.

Awesome again!

Thx guys. Have a good weekend.

Mike

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  #106 (permalink)
 Mickey Caine 
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gordo View Post
Long time, no journal. Why? Depression! I felt like I was just chasing my tail. Very discouraging, very problematic, very blah. I told my wife I would look for a job it I wasnít doing well by January... how did that work out? Iím still not looking. If anybody tells her, you are off my Christmas card list!! I mean it!

I'm in exactly the same state and position with she who must me obeyed!!. I will therefore, if I may, join your Big Challange

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  #107 (permalink)
 Big Mike 
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Big Mike View Post

At the end of each day, journal about the trades. Talk about:
- Why you entered where you did
- Why you exited where you did
- Does your entry match your plan?
- Are you happy with your entry?
- Does your exit match your plan?
- Are you happy with your exit?

I would like to clarify that I should have said "at the end of each trade", not "at the end of each day". I've edited the original post to reflect. It's important to write down some sort of info, even just 3-5 words, as soon as possible after the trade. Waiting to the end of the day is not as good, your mind will "invent" a whole lot of new "memories" regarding why you did stuff or what you saw that won't be as factual as they should be, you should endeavor to record the info as soon as possible after the trade.

Mike

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  #108 (permalink)
 eman 
Galveston ,TX
 
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Big Mike View Post
I would like to clarify that I should have said "at the end of each trade", not "at the end of each day". I've edited the original post to reflect. It's important to write down some sort of info, even just 3-5 words, as soon as possible after the trade. Waiting to the end of the day is not as good, your mind will "invent" a whole lot of new "memories" regarding why you did stuff or what you saw that won't be as factual as they should be, you should endeavor to record the info as soon as possible after the trade.

Mike

some charting programs allow you to easily enter notes on the chart ... and @ Bacon also has the decision matrix.

think you're right that end-of-day journaling can be misleading. on-chart notations work best for me at this point.

cheers,
-e

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  #109 (permalink)
 PandaWarrior 
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I met my profit target today. I had a very good morning with only one trade that I kinda blew it. However I recognized it instantly and went BE+1 asap. That was hit and good thing, it would have been a full stop out. Instead, I got out with a tiny win and the result was I ended the day with no losers and one BE trade.

More importantly, I got an A on all my grading criteria except one.

Attached is my chart and score card. I use the arrow up/down function in NT to mark the trades since I am charting in ninja and trading in T4. T4 does not have marking capabilities so this is it. I was trying to trade in both so I could get the trade markers in NT to show on my charts but its simply to difficult in real time.

My score card begins on 10 which represents the 10th trading day of the month. Not the calendar day of the month.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #110 (permalink)
 Mickey Caine 
Kent, England
 
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Did not make it to 3 trades. So not the best start. Very focused at the start of the day. First trade was a -14 stop and the second trade was a +28 hit of my target. Have my son at home with Chicken Pox and was dealing with him when my next entry fired. An hour and a half went by before my next signal, it was just to fast for me to enter. Called it a day as I really had lost my focus.

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