Dear, if you’re serious about trading business, you must have a trading journal.
Let me show you how simple it is to maintain a trading journal…
Take a blank sheet of white paper and jot down your thoughts in pre-market hours.
Just throw out your mind on that evil white monster. You can also take notes digitally. That doesn’t make a difference.
During the market hours, scribe your feelings and emotions, highs and lows, depression & the adrenaline rush, everything.
Make sure that you vomited the thoughts of greed and fear. Let the reptilian brain come out on the paper.
Write down the reason for every entry and the exit strategy.
Eject the pressure on your head, the frustration, and the abuse.
The blank canvas is the perfect mirror for your actions. Later we’re going to use this bullshit constructively.
Now, coming to the most boring part…
You’ve to self-evaluate your entries, daily and weekly. This is called constructive self-assessment.
Believe this single exercise is going to increase your performance manyfold.
Remember, trading is one of the toughest professions in the world and if you’re coming on the battlefield, dear, be prepared…
Either you’ll get the treasure or will be slaughtered on the battlefield. Here, in this war of professionals, there is no mercy. Everyone is well prepared and going to battle against the next. There is no relationship between one person with the other.
We all are hungry and we need a kill- That’s the Sin Money of Mother Market.