Hi Mike–I listened to your video regarding the trader that was having issues journaling. I solved that same issue by typing onto the chart itself \u2013 \u2013 the reasons why I bought and sold at the exact point of entry and exit. As you know, Tradestation can pinpoint the exact point of entry and exit if you turn on that function.It’s so much easier to learn from the visual texting notes on the chart, as opposed to going from the journal back to the chart and back to the journal again. And– you don’t lose “the flow” because your eyes are always on the chart! Let me know if that helps him.
\nBest to you… Amy \ud83d\ude42<\/p><\/blockquote>\n
@MikeBellafiore<\/strong><\/p>\nI love this idea. \u00a0We do this at our firm as well. \u00a0We call it the Book of Charts.<\/p>\n
One of our new traders, let’s call him Big Dog, we noticed getting very good. \u00a0And trading with very large size.<\/p>\n
At our firm, it is important for us to study the traders that succeed. \u00a0That way we can hire more like them. \u00a0And redouble our efforts with training best practices that led to success.<\/p>\n
In studying Big Dog, we learned about one of his best practices. \u00a0He made this practice exercise up all on his own as a very new trader. \u00a0He took snapshots of his favorite chart setups each day, marked up the charts with buy and sell notes, and then religiously reviewed these chart patterns. \u00a0Just like you Amy!<\/p>\n
West Coast meets East Coast.<\/p>\n
This enabled him to internalize these patterns. \u00a0This helped him trade his favorite setups with more confidence. \u00a0He could size up better because he knew exactly what chart patterns he was looking for in markets, had the confidence to trade big, and could pull the trigger quickly since he had visualized trading certain setups with aggression.<\/p>\n
So we co-opted this exercise from him. \u00a0And now our new and developing traders perform this exercise as a part of their daily improvement routine.<\/p>\n
Apparently, all we had to do was just ask you Amy \ud83d\ude42<\/p>\n
Excellent work by you! \u00a0This is indeed an important exercise for trading development.<\/p>\n
*no relevant positions<\/p>\n
** Amy is Amy Kahn of The Scottsdale\/Phoenix Traders and Investors Meetup Group<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Hi Mike–I listened to your video regarding the trader that was having issues journaling. I solved that same issue by typing onto the chart itself \u2013 \u2013 the reasons why I bought and sold at the exact point of entry and exit. As you know, Tradestation can pinpoint the exact point of entry and exit if you turn on that … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[73,30,1193,653],"class_list":["post-44096","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-prop-desk","tag-prop-trading","tag-trader-education","tag-trader-training","no-post-thumbnail"],"yoast_head":"\nA West Coast Story on Journaling | 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\/a-west-coast-story-on-journaling\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A West Coast Story on Journaling | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi Mike–I listened to your video regarding the trader that was having issues journaling. I solved that same issue by typing onto the chart itself \u2013 \u2013 the reasons why I bought and sold at the exact point of entry and exit. As you know, Tradestation can pinpoint the exact point of entry and exit if you turn on that ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-09T02:21:37+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike-683x1024.jpg\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"A West Coast Story on Journaling\",\"datePublished\":\"2016-08-09T02:21:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling\"},\"wordCount\":385,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike-683x1024.jpg\",\"keywords\":[\"prop desk\",\"prop trading\",\"trader education\",\"trader training\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling\",\"name\":\"A West Coast Story on Journaling | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike-683x1024.jpg\",\"datePublished\":\"2016-08-09T02:21:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike.jpg\",\"width\":2988,\"height\":4482},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A West Coast Story on Journaling\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A West Coast Story on Journaling | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling","og_locale":"en_US","og_type":"article","og_title":"A West Coast Story on Journaling | SMB Training","og_description":"Hi Mike–I listened to your video regarding the trader that was having issues journaling. I solved that same issue by typing onto the chart itself \u2013 \u2013 the reasons why I bought and sold at the exact point of entry and exit. As you know, Tradestation can pinpoint the exact point of entry and exit if you turn on that ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2016-08-09T02:21:37+00:00","og_image":[{"url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike-683x1024.jpg","type":"","width":"","height":""}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"A West Coast Story on Journaling","datePublished":"2016-08-09T02:21:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling"},"wordCount":385,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike-683x1024.jpg","keywords":["prop desk","prop trading","trader education","trader training"],"articleSection":["General Comments"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling","url":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling","name":"A West Coast Story on Journaling | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike-683x1024.jpg","datePublished":"2016-08-09T02:21:37+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike.jpg","width":2988,"height":4482},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/a-west-coast-story-on-journaling#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"A West Coast Story on Journaling"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/44096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=44096"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/44096\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=44096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=44096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=44096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"thisiswhatatraderlookslike\"](\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/12\/thisiswhatatraderlookslike-683x1024.jpg\")
<\/p>\n