We hope your trading is going well, along with your journal keeping. We have talked about this a lot in the trading courses and blog posts. If you haven’t started keeping a trade journal, we highly recommend that you do.
Keeping a journal is the best way for you to be honest with yourself. Nobody looks at the Journal but you, unless you want to show your trade journal to someone. The Journal is like looking into your inner trader.
Many traders keep a journal that simply notes the buys and sells they made that day. This is more like keeping a trading LOG and not a trading JOURNAL. A journal is more than tracking trades it is also about how you were emotionally and mentally during your trading day.
We are going to give you an easy way to take advantage of this. You will be able to do it today. You can do it in your journal, on a
sheet of paper or with your chisel and a stone.
When you finish you’re trading for the day, review how you felt about the day’s trading, both mentally and emotionally. Look for the exact time when you could have made a better decision and followed your trading plan. Now write down in one sentence, a positive statement that reflects how you will handle your trading tomorrow both mentally and emotionally. i.e. “Tomorrow I will act on the trading signals without hesitation or emotion.†When you start your trading for the day you need to write the same statement but in the present. i.e. “Today all my trades will be done without hesitation or emotionâ€
By doing this exercise you will be reminding yourself that you need to follow you’re trading rules. You will be reminding yourself
to be consistent in your trading which will give you better trading results with improved trading skills.
Go to either Launch Pad or Nth Degree trading systems. Scroll down until you see videos about Trade Journal and Trade Tracker.
Watch the videos then use the forms provided to keep your records. This is simple if you follow it and use the tools at hand.