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Hello I am starting a trading journal in a public forum, because of accountability and consistency. I have been a full-time day trader for the last 6 years and I have tried every short-cut possible. I spent a good 3 years searching for the "holy grail" ya know the 10 to 1 Reward risk that is right 95% of the time that I can trade from a beach. I did not find it but I did fund a lot of indicator and software salesmen accounts looking for it. After that I accepted trading full-time is going to be much harder than you tube and trading books made it out to be and cultivating a edge in markets in my opinion also means cultivating a edge within myself. I began to accept the reality that discipline, structure and routine are the cornerstones of being a independent full-time trader.
Starting this journal on June 1st is exciting for a lot of reasons for me, one being that yesterday was my last day ever consuming alcohol. It feeds into the discipline aspect. I want to create this journal as a living document that I use as daily tracker of my trading growth. I fundamentally believe that trading growth and personal growth go hand in hand.
Trading Style:
I exclusively trade U.S. Index futures on a 1-Minute chart. I do not use Technical Indicators in my trading as I have found them to only create hesitation and over confidence simultaneously 😂.
Two things I plot on my chart daily is the open and prior close as horizontal line.
My Trading Account Starts and Ends every day completely flat. I never carry overnight risk.
I will post all of my trades starting 6/3/24 with corresponding chart and data.
I trade the New York session 09:30 AM est- 4:00 PM est.
I Have provided a photo of what my chart looks like.
I am looking forward to the daily accountability and consistency of this live journal.
Happy Trading!
Can you help answer these questions from other members on NexusFi?
Minute Man I just finished with Mays journal challenge and I can say if you keep with it, be honest as to what you are posting, wins and losses, leave your pride at the door, this will help with your trading. For me later in the month at the EOD I started studying both my wins and losses for the day. That was an eye opener, even my wins didn’t point to a good trade, as far a# my plan was concerned. Study the price action, make a plan and best you can stick with it. For what it is worth, I stopped drinking last November and that was easier to do than following and sticking to your trading plan. Sticking with this journal, I think will help. Good luck!
The best way to achieve accountability is to post your trades as they happen, along with your plan to manage the trade.
I realise that this is difficult to do while day trading but posting trades at the end of the day or even after the trade gives you the time to rationalize the moves you made.
If it's accountability you are after, a here's what I'm going to do type of journal is the best way to achieve that.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Thanks for posting and starting a journal! I look forward to reading it. Your opening post had a key point that reminded me for myself that trading is hard and there is no easy short cut. Usually when I try to take an easy way out like overleverage to make a quick "easy" profit, well 90% of the time things go wrong and I make a complete mess. I appreciate that reminder.
Yesterdays Trading was a bit choppy had a couple winners turn into losers holding to long. But followed my risk rules. I was more focus on passing my top step valuation yesterday which I did. Today should be a more focused effort on my part. End of Day June 3