I’ve created a rough rough draft of my trading plan/goals/rules and finally started to keep a journal.
Hands down, I have learned so much about myself reviewing my trade journal. The mistakes I’ve made, continuously, is the most frustrating thing I’ve ever had to for self-improvement. Should have started it 4-5 months ago, but at least I’ve got it now.
Moreover, the journal helps shape my overall trading plan and goals. Is a 15 % ROI in my first 12 months actually feasible? Am I learning the right tools to improve my trades? Is my style of trading going to help me obtain my 10 year goal? My trade journal has really helped shed some light on these items.
I am now fairly confident that in 15 years I will not be a billionaire living in a penthouse. Crossed that off my 15 year goal and replaced it with something different. "Allow investments to make a livable wage to help gain financial independence. This will allow me to work less hours (at real job) and spend more time doing things I like to do. "
Maybe that’s still not a feasible 15 year goal, but I have my trusty trading journal to help me make obtainable goals that are measurable,
Just another note in 3-6 months I want to make my first actual FOREX trade, until then I’ll keep learning what I can.