The Power of a Psychology Journal in Your Trading
How to Start and Structure Your Psychological Journal
Find the audio version of this post at the bottom.
What mostly drags traders down are blind spots — in their strategy, in the market, but mainly in themselves.
Much of my job as a coach is to help traders become aware of these blind spots and prompt them to develop new perspectives.
However, as a trader, there are multiple instances when you need to be your own coach — when analyzing your data, outlining plans, and defining goals that motivate you.
To take on this coaching role effectively you need the best tools that help you uncover your blind spots.
A trading journal is essential for understanding your strategy, which helps you execute better. However, the real edge lies within the trader — even with a winning strategy, it’s you who brings it to life.
This is where a psychological journal becomes essential — to help you become a better coach for yourself. When done right, it’s an insanely powerful tool for your trading.
This edition is all about the ins and outs of a psychological journal. You’ll learn how to speed up your progress and emotional skills with it.
By the end of this read, and if you complete the task of the week, you’ll have the structure of the best psychological journal for you. Let’s get started!