The issue of 'Psychology of Profits' - All The Benefits of Journaling...82 views 2011-11-16 08:33
I traded sometimes without such discipline, only to realise as mentioned that it may be due to ego.
Trying to save the trade by moving stop as mentioned, I also did it and end up losing more. So this is a new paradigm shift to adopt to let small losses go to save on big losses that may occur without such discipline.
Journaling can help individuals detangle their thoughts and feelings, increase focus, know themselves better, build self-esteem, manage stress, solve problems more effectively, let go of the past, and resolve disagreements or conflicts with others. Experts believe that by understanding yourself better, you are better able to make decisions that are in line with your values and goals.
This is important for trading with a Journal at hand.
I downloaded a 106-Page Report titled,
"97 Real World Journaling Examples"
...and after I did, they asked me if I knew any traders that could
possibly benefit from the report … and I thought of you.
Whatever Your Level Of Experience Is, this could help you a lot
Trade smart, not often,
“Have a peaceful, purposeful and happy day”
Pierre A Pienaar
Xcellence Profitable Forex Trading System Blog
Count Your Blessings Every Day