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It's great stuff but I think it's a bit too complicated. John Carter's covers keeping a journal and it seems to fit what I see as a more useful and approacable concept to deal with. Taking in the economics numbers and world events don't much sense to me. Just my personal opinion.
I keep a journal and requires nothing but charts and notes in those charts. Says everything I need to know. Adding news and world events would only mess up the mind by taking into account chaotic and over-emotional reactions of traders, not the stuff we want to take into trading, I think. |
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Yeah I agree torero,
The checklist above doesn't relate much to day trading as it does longer holding periods. Perhaps a style where you could get caught in a devastation gap or something. I always like getting a feel for sentiment if I'm going to be in a trade for longer than a day.
I liked Carter's journaling methods as well.
