I don’t always journal but when I do…

There is a lot of debate about journaling. I think it is especially important for new and struggling traders. It is important to bridge the gap between perception and reality and there is no better way than through a journal.

I do not keep a traditional journal. I want to be able to recall it, I find writing almost acts like an eraser. (This is my preference). It is more like a scrap book, the contents include charts and predictions.

More specifically, failed perceptions through charts and predictions. Days I did not think were possible like 100 point ranges, going limit up in premarket, up 40-50 and finishing unchanged and vice versa, market reaction or non reaction to economic data, etc. Predictions that were so certain they didn’t happen. In short, account ending moves and mindsets.

Why focus on the failure? Trading is about survival. Those days ended many and for the select few it made them or at least formed them. There is absolutely no reason an account should be blown out in a trade or a day but there is always a chance to create the cracks that end it over weeks or months.

One reason for the cracks? They don’t know what is possible.

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One Response to I don’t always journal but when I do…

  1. […] Ich führe nicht immer ein Tra­ding Tage­buch, aber wenn ich es führe… (Englisch) […]

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