One of my new year resolutions was to start a public accountability journal.
I initially gave it a test run in a closed community with outstanding results, so I figured I'd continue it here.
My hope with this journal is that I can continue holding myself accountable to a high standard, invite feedback from peers, maybe even encourage others to start a journal.
This journal has a huge emphasis on process - because that's what's worked for me. Not some holy grail combination of indicators, but by simply following a process and letting the market do it's thing. I've been reasonably successful with a couple of different methods, but over time have found something that suits my personality better.
I track and assess all trades with Andrew Menaker's 4 trade types:
Good process, good outcome
Good process, bad outcome
Bad process, bad outcome
Bad process, good outcome
I track errors with the 6 errors types by FT71.
Not taking a planned trade
Interfering with trade management
Chasing a trade for fear of missing out
Technical errors
Allowing outside influences while in a trade
Inadvertently entering or exiting a trade.
Platform is SierraChart.
I've been slowly changing my mindset to a probabilistic mindset and focusing on process not PnL. For that reason, the 2 most important statistics to me are my error % and my full stop %.
I'm a volume profile + footprint trader. Add in some Al Brooks PA for directional bias.
Stops and targets are determined using harmonic rotations.
Mostly trade first 2-3 hours of London.