Since the beginning of 2015, I have taken 15-30 minutes after the market closes each day to write in my trading journal. I put screenshots of the 1-minute, 15-minute, and daily charts of each ticker I trade, annotate my entries/exits, and reflect upon my trading and my thoughts throughout each trade.
To fully take advantage of this journaling process, I made a "project" for myself. At the end of each month, I go back and read through each journal entry of that month and pull out my strengths and weaknesses. Then I compile those into a document and make it a main focus to grow upon my strengths and fix/identify my weaknesses for the upcoming month. The plan here is to work on constant self-improvement, which I believe one of the many keys to success. I don't ever allow myself any complacency as there is ALWAYS room to improve.
For example, in February I made it a key focus to nurture and grow my strengths/identify and fix my weaknesses from January. Now in March, not only will I do the same for February's strengths/weaknesses but also January. I want to make this process into a snowball effect for my strengths so at the end of the year they are as strong as they can be. At the same time, I will be finding my weaknesses and working on eliminating them or at least reducing the amount of times they occur.
I just finished going through my February entries, so I decided to share my table of strengths/weaknesses with you for the last two months. It can be found by clicking HERE.
Some of them may not make sense to you because I have a weird way of typing to myself at times, but hopefully they can help you in some way.
It's easy to focus on the negatives in your trading, but it's just as important to focus on the strengths and make sure you keep them strong and healthy!
Thanks
Nikkos
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