{"id":2189,"date":"2009-10-12T16:35:35","date_gmt":"2009-10-12T21:35:35","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=2189"},"modified":"2013-05-14T12:27:50","modified_gmt":"2013-05-14T16:27:50","slug":"what-do-you-learn-from-your-trading-journal","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/what-do-you-learn-from-your-trading-journal","title":{"rendered":"What Do You Learn From Your Trading Journal?"},"content":{"rendered":"

GMan and I revamped our trading journals and the SMB trading journal on a 9 1\/2 hour car ride home from the Outerbanks. And this has helped.<\/p>\n

For me my trading journal helps me to focus on my monthly and daily trading goals. I start each morning writing down my goal for the day. So my day is just a scavenger hunt to gather data from the market to accomplish my daily goal. My P&L is forgotten. My goal for the day is not to make money but to become better.<\/p>\n

This mindset reduces my stress. A reduced stress level while trading helps me intake the data the market is offering unfiltered with my biases. The data the market is offering is not colored with a hope that the data is confirming my position. Now I am searching for data that will help me with my goal for the day and my positions are just a side note to my primary goal.<\/p>\n

For example, if my goal is to control my emotions for the day, then a loss on the Open because “the (expletive deleted) NASD orders were not working” (obviously this was not a random hypothetical) is a learning experience. I was unable to control my emotions when my orders were not working. Now I have another example of the things that may set me off. For the next week I will insert visualization exercises replaying this event which set me off.<\/p>\n

And what is most interesting is that after I got pissed because of the stuck NASD orders I entered this into my journal. I more quickly recognized my present state of mind. And this relaxed me. Quickly I was able to reenter the proper trading mindset and look for good trading opportunities.<\/p>\n

And here is what I did not do. I did not sit at my trading desk and continue to trade while pissed and turn a rip due to some dopey stuck orders (this happens) into five more rips that would have ruined my week. I wrote in my trading journal, recognized my state of mind, calmed down, and went back to work. I did not\u00a0sabotage\u00a0my trading results going forward with data saturated in frustration.<\/p>\n

This is just one thing that I learn from my trading journal. \u00a0I’m curious: what do you learn?<\/p>\n

Best of luck with your trading. Don’t forget to follow us<\/a> on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"

GMan and I revamped our trading journals and the SMB trading journal on a 9 1\/2 hour car ride home from the Outerbanks. And this has helped. For me my trading journal helps me to focus on my monthly and daily trading goals. I start each morning writing down my goal for the day. So my day is just a … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[369,18,368],"class_list":["post-2189","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-goal","tag-smb-capital","tag-trading-journal","no-post-thumbnail"],"yoast_head":"\nWhat Do You Learn From Your Trading Journal? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/what-do-you-learn-from-your-trading-journal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Do You Learn From Your Trading Journal? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"GMan and I revamped our trading journals and the SMB trading journal on a 9 1\/2 hour car ride home from the Outerbanks. 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