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Great to receive your message, Rounder8. I'm a bit bummed out by my results today. I needed to receive a message like yours. I start my session with determination to stick to my rules...but lately I end up ignoring them...and paying the price. I keep a database of results and will share them this weekend.
Can you help answer these questions from other members on NexusFi?
You are doing fine, not every day can be a winner. If some trader is saying he wins every day then he is lying... I like the honesty you have had with trading which is the reason I became interested in this stuff in the first place.
I will start making my effort official by writing something in my journal. I will also start tracking my results. No mistakes/bad trades will be hidden because that will be a missed learning opportunity. I will go through most of your trades before I start any discussion so that I can (hopefully) see the forest for the trees. I also need to check out bluemele's effort from his journal which I haven't had the time to read yet.
Orin, hey, don't let today get you down. Some days are more challenging than others for this method, and today was not a 'textbook easy' day.
You've been doing very well... and it looks like you've been left to carry the NFT flag here for a while (-bluemele, have a good break, look forward to seeing you back journaling afterwards-)
so keep up the good work and have a great weekend.
In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.
A) What are the top five benefits you have seen as a result of regularly posting in this journal?
B) What are the top five problem areas you have identified as a result of regularly posting in this journal?
C) Were you initially reluctant to start this trading journal? If yes, why?
D) How do you feel, overall, about your journaling experience?
E) Would you recommend to others that they should also start a trading journal?
Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.
A) What are the top five benefits you have seen as a result of regularly posting in this journal?
Feedback from other futures.io (formerly BMT) members
Increased self awaremess while trading
Increased honesty with myself on my trading performance
Improved performance :car:
B) What are the top five problem areas you have identified as a result of regularly posting in this journal?
I often forget my trading plan in the heat of battle
I often make bonehead mistakes
I often don't have a target selected before I place the trade
I think I can make a profit with every trade
A mental proclivity will trump trading plan executions...with ease
C) Were you initially reluctant to start this trading journal? If yes, why?
It seemed insane to exhibit my level of trading skill for anyone to see.
D) How do you feel, overall, about your journaling experience?
It is not as good as receiving coaching from a professional, but much better than duking it out by yourself.
E) Would you recommend to others that they should also start a trading journal?
I highly recommend it. Ask someone who's doing it for pointers on getting started.