There are 2 kinds of journals that I encounter: 1) personal journals that rails performance, goals, trading process, as well as best practices; as well as 2) thought journals that synthesize thoughts virtually markets, macroeconomics, research, etc.
The outset form of periodical acts every bit a springboard for learning as well as development: it is your means of studying you. The instant periodical is a springboard for thought generation as well as creativity. It is your means of making feel of markets as well as finding opportunity.
The outset periodical looks inward; the instant outward.
I lately came across a quote that I like: "A friend is someone who knows the vocal inward your pump as well as tin sing it dorsum to yous when you've forgotten the words."
Journals tin endure friends inward that way: they remind us of what we're meant to endure doing. They are a means of focusing on process, rather than anchoring our moods as well as self-esteem to the ups as well as downs of P/L.
Trading without review is similar playing a football game game without huddles; similar preparing for a baseball game or basketball game game without practices or review of game film.
If yous pass to a greater extent than fourth dimension trading than preparing as well as learning, you'll apace detect yourself underprepared as well as behind the learning curve. H5N1 surgical physical care for regulation yous tin accept to the bank: Elite performers--in music, theater, professional person sports, chess--spend to a greater extent than fourth dimension practicing as well as preparing than truly performing inward competition. By turning journals into the friends who know what's inward your heart, yous transform trading into a truthful surgical physical care for activity.
Further Reading: What Kind of Journal is Right for Me?
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