To Make Myself
"Keeping a trading journal is actually a crucial task in any performance or goal-oriented endeavor. The key is to have some way to measure, track, and stay focused on improving your performance. World-class athletes do it to keep track of what helps them to be better, faster, and stronger on the field or court. Scientists do it in the process of finding their next greatest discovery."
"A disciplined trader is a profitable trader and keeping a trading journal is the first step to building your discipline."
"A trading journal isn’t just about writing in the prices of your entry and exit and the time you executed the trade. The trading journal is also about refining your methods and mastering your own psychology."
"It’s your trading journal. Just like your custom Dota 2 character, you should customize your trading journal as you see fit. Remember, you are the one who’s going to benefit from writing a forex trading journal. So write down what you think you would benefit most from."
I completed the 12 lessons from Keeping A Trading Journal and got a lot out of them, but it’s totally useless if I don’t consistently apply what I learned to my trading journal and my everyday life.
I got 100% on the quiz on the first try, but that doesn’t mean I mastered these lessons. I know I’ll come back to review these lessons a few more times throughout my trading career. It’s the most important section out of all the lessons so far for me.
I’m glad I started writing this journal to take that first step to building discipline even though I’m not yet trading.
I’ve been like a scientist studying myself and making new discoveries about myself with this journal. I’ve been like a world-class athlete using my journal to become better, faster, and stronger.
It’s helping me work on mastering my own psychology. I realized that there’s really no such thing as “trading psychology” or “trading discipline.”
It’s just psychology and discipline. My psychology and discipline are essentially who I am. Who I am 24/7 is who I’ll be when I sit down to trade. If I’m a fearful, insecure, impulsive, undisciplined man, there’s no magic switch that will turn off that man when I trade.
I have a lot of work to do on my psychology so I can be a confident, patient, disciplined man.
That means getting out of bed and going to sleep on time. It’s faithfully following my schedule and not wasting any time. It’s studying without getting distracted or just half-assing it. If I can’t stick to my daily plan or study plan, I won’t be able to stick to my trading plan.
One crucial epiphany I had from working on my journal is this: I want to trade to live and not live to trade. I don’t want to make trading my life. I don’t want to spend most of my waking hours each day on trading.
I’m using trading to make my life better like I’m using this journal to make myself a better man.