{"id":42270,"date":"2015-09-24T09:48:39","date_gmt":"2015-09-24T13:48:39","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42270"},"modified":"2023-05-24T09:24:18","modified_gmt":"2023-05-24T13:24:18","slug":"30-trading-habits-in-30-days-journal","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-journal","title":{"rendered":"30 trading habits in 30 days – Journal"},"content":{"rendered":"

\"30days<\/p>\n

When I interview an experienced trader for our firm a central question is: what is your review process?<\/p>\n

I was at lunch yesterday with a firm trader, who wanted to chat about his recent underperformance.\u00a0 Over an apple salad covered with blackened chicken, the trader discussed his waning confidence.<\/p>\n

I asked, \u201cWhat is something you used to do in the past that you are not doing now?\u201d<\/p>\n

He smiled and replied immediately, \u201cI have to get back to journaling!\u201d<\/p>\n

Welcome back to our new series <\/i>30 trading habits in 30 days. If you have missed the prior habits they are archived here.<\/p>\n

Today we share habit #7 – journal.<\/p>\n

One of our partners called a few months ago to discuss firing a trader.\u00a0 I thought this was premature and agreed to talk and work with the trader.
\nI chatted with the trader about reasons for his underperformance.\u00a0 I prodded for him to journal.\u00a0 He did.\u00a0 He started making solid money again.<\/p>\n

One of our new traders was not performing as well as he wanted.\u00a0 It was so obvious why to me.\u00a0 His trade reviews were lacking.\u00a0 I told him to ask one of the traders from his class who reviews like an all-start to share his trade review.\u00a0 The picture above is a just a snapshot of a portion of that trader\u2019s daily review work.<\/p>\n

I can continue with these anecdotes, but will stop here.\u00a0 As a professional trader and managing partner of a trading firm, I cannot take you seriously as a trader if you do not journal.\u00a0 To me this would be like a football player not lifting weights. A pitcher not throwing between starts.\u00a0 Steph Curry not shooting after practice.\u00a0 An orthopedist not reviewing x-rays before treating a patient.\u00a0 A pilot not filing a flight plan before takeoff.\u00a0 A teacher winging a classroom discussion without preparing.\u00a0 A VC not doing due diligence before closing.<\/p>\n

Each day you should do a detailed trade review of your trading.\u00a0 This is a best practice to turn into a habit that will dramatically improve and sustain your trading.<\/p>\n

Here is the tool <\/a>our traders use to review their trading.<\/p>\n

Related Posts<\/b>
\n<\/a><\/p>\n

What Does this Trader Do Now?<\/a><\/p>\n

7 Steps to Building Trading Edge Journal<\/a><\/p>\n

*no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

When I interview an experienced trader for our firm a central question is: what is your review process? I was at lunch yesterday with a firm trader, who wanted to chat about his recent underperformance.\u00a0 Over an apple salad covered with blackened chicken, the trader discussed his waning confidence. I asked, \u201cWhat is something you used to do in the … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":42271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4625],"tags":[689,2572,2097,3518,2880,721,4639,38,368],"class_list":["post-42270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-30-trading-habits-in-30-days","tag-689","tag-daily","tag-days","tag-habits","tag-journal","tag-review","tag-review-process","tag-trading","tag-trading-journal"],"yoast_head":"\n30 trading habits in 30 days - 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\/30-trading-habits-in-30-days-journal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"30 trading habits in 30 days - Journal | SMB Training\" \/>\n<meta property=\"og:description\" content=\"When I interview an experienced trader for our firm a central question is: what is your review process? 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