A journal is gathering place for all of our observations and discoveries about trading. It is our own hand written transcript, narrated in our own words, which captures the experiences, ideas and conclusions about the instrument(currency pair) and events that have touched our trading lives.
A journal provides us with two remarkable benefits. First, it allows us to capture all aspect of the present moment for future review. The past, when properly documented, is one of the best guides for making good decisions today that will lead to a better tomorrow.
While it is true that every event is recorded in the brain, we cannot always access the specifics surrounding those event at will. Often, the details can become blurred or distorted over time. We may remember the outcome but we may have forgotten the exact sequence of events or the decisions that were made. Without accurate information to enhance our recall of the past, we run the risk of repeating many of the same errors over and over again.
Without a journal those special moments, those mile stones of emotion and experience will be blown by the winds of our own forgetfulness into a deep corner of the mind where their value will become lost forever.
The second benefit of keeping a journal is that the very act of writing about our trading lives helps us to think more objectively about our actions. Writing tend to slow down the flow of information. As we pause to gather our thoughts about an event we are trying to capture on paper, we have time to ponder and to analyze the experience. We begin to see more clearly the source of information, the facts on which we based our decisions, and the action we are taking in response to our beliefs.
Study, practice and share! -
If we are intelligent enough to invest our experiences of the past, and wise enough to "borrow" the excitement and inspiration of the future by clearly seeing in the "minds eye," then the past experiences and future excitement become today's servant. the finished product we foresee guide us in our present efforts, making the attainment of the better future an inevitable conclusion. we become pulled by the future and guided by the past becouse we have chosen to take intelligent action in the present.
It is possible to plan our future so carefully and so clearly that when the plan is complete, we can become so inspired by it, it will become our "magnificent obsession."
It need massive effort to make trading effortless
A journal provides us with two remarkable benefits. First, it allows us to capture all aspect of the present moment for future review. The past, when properly documented, is one of the best guides for making good decisions today that will lead to a better tomorrow.
While it is true that every event is recorded in the brain, we cannot always access the specifics surrounding those event at will. Often, the details can become blurred or distorted over time. We may remember the outcome but we may have forgotten the exact sequence of events or the decisions that were made. Without accurate information to enhance our recall of the past, we run the risk of repeating many of the same errors over and over again.
Without a journal those special moments, those mile stones of emotion and experience will be blown by the winds of our own forgetfulness into a deep corner of the mind where their value will become lost forever.
The second benefit of keeping a journal is that the very act of writing about our trading lives helps us to think more objectively about our actions. Writing tend to slow down the flow of information. As we pause to gather our thoughts about an event we are trying to capture on paper, we have time to ponder and to analyze the experience. We begin to see more clearly the source of information, the facts on which we based our decisions, and the action we are taking in response to our beliefs.
Study, practice and share! -
If we are intelligent enough to invest our experiences of the past, and wise enough to "borrow" the excitement and inspiration of the future by clearly seeing in the "minds eye," then the past experiences and future excitement become today's servant. the finished product we foresee guide us in our present efforts, making the attainment of the better future an inevitable conclusion. we become pulled by the future and guided by the past becouse we have chosen to take intelligent action in the present.
It is possible to plan our future so carefully and so clearly that when the plan is complete, we can become so inspired by it, it will become our "magnificent obsession."
It need massive effort to make trading effortless
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