Thursday, October 3, 2019

Info!! Considerations For Your Trading Journal

The recent post outlined iii trading mag formats that tin hand notice live on useful for traders. Regardless of the type of mag that you lot undertake, however, several overriding principles should assay to live on helpful:

1) Make Your Journal Entries Goal-Oriented - Nothing supercharges a mag to a greater extent than than turning uncomplicated observations into concrete goals. When you lot give away something that you lot did wrong, the side yesteryear side stride is to figure out what you lot could create differently inward the same situation, in addition to hence brand that a destination for the side yesteryear side day. That places you lot inward an active frame of heed where you lot are truly looking for situations that could trigger your work pattern, hence that you lot tin hand notice proactively grip those situations inward a constructive way. For instance, if you lot notice that you lot tend to acquire bogged downwards inward negative thinking subsequently taking a loss, you lot tin hand notice ready a destination of approaching the side yesteryear side loss constructively, using it to meliorate sympathise the marketplace (or your trading).

2) Make Your Journal Entries Solution-Focused - Too many mag entries focus on what traders create wrong. Unwittingly, this keeps traders mired inward negative thinking in addition to discouragement. By giving equal phonation to strengths--what you're doing right, what's working for you--you tin hand notice role the mag equally a tool for cultivating your best performance.

3) Make Your Journal Learning Focused - Every ready of mag entries should position lessons learned. If you're journaling almost markets, the entries should crystallize what you're learning almost marketplace patterns. If you lot are writing almost yourself, your mag should focus on what you've learned almost your patterns in addition to which ones operate for in addition to against you. As I've noted inward a dissimilar context, you lot cannot guarantee that every trading solar daytime volition live on profitable, merely you lot tin hand notice brand certain that each solar daytime provides growth, learning, in addition to development.

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