How I journal my trades & trading psychology in 30 seconds

An overwhelming amount of day traders, scalpers and system traders are looking to find ways to speed up journalling their trades yet track their trading psychology. Today I want to share how I use a unique feature of the Trading Consistently Journal to ensure super fast yet highly detailed journalling. Like many traders out there I found normal Journalling incredibly boring. It was time consuming and took me away from trading. But I knew (from being scolded from every other successful trader that I ever knew existed) that in order to improve my trading psychology and discipline that I needed to journal every single one of my trades, so I persevered. But what I really wanted a way to journal my trades quicker! But was I the only one who needed this? When I asked the Trading Consistently community if they had the same problem, over 70% agreed that their single biggest problem. So I just had to roll up my sleeves and find a better way. And now I’m proud to say – I did it. Today I want to show you exactly how I journal my entire trade including trading psychology in 3o seconds, but still capture in vivid detail what I was thinking about in each trade. Introducing Video Journalling. Video Journalling is the next evolution of trading journals which is currently unique only to the Trading Consistently Journal (until the competition wants to steal the idea, obviously). The idea is simple – you capture your trade on video which you can attach as your journal entry. The video is stored privately and securely in your very...
5 day trading tips I learnt from losing to making 1982% profit

5 day trading tips I learnt from losing to making 1982% profit

Anyone who has been following my blog and software for some time will know my personal story and how I failed a number of times day trading and lost a decent amount of money in the market before becoming consistently profitable. Just recently I decided to be fully transparent with my trading results for 2014. While the end results show a pretty impressive 1982% net gain I must tell you there were some seriously tough moments where I encountered more psychological resistance which nearly killed my account. I’m grateful to have been using the Trading Consistently Journal throughout this time to help me understand exactly what I was doing wrong so I could improve from my mistakes. From reviewing my Trading Consistently Journal I was able to identify not one, but FIVE different psychological struggles I didn’t even know I had but ‘discovered’ through using the Journal. I wish to share some of my struggles and lessons I learnt along the way while sharing some handy day trading tips. Day Trading Tip 1 – If your losing – walk away. I don’t mean to give up. I mean literally walk away. Let me explain – We’re often preached by our mentors when things get tough that we should just keep on trying again and again to succeed. While this is good in real life this logic is does not work when day trading financial markets. In fact, I would say its totally detrimental to your trading account and needs to be totally unlearned. From extensive reviewing of my journal I realised that every time I lost, I immediately had the urge to...

My 2014 trading results

As some of you may already know from my personal story that I’ve failed a number of times trading Forex. 2014 has been an amazing year of self discovery for me in terms of trading. About 1.5 years ago when I started building the Trading Consistently Journal I always thought there were areas in my trading and my psychology that needed to improve that I couldn’t yet track with the tools that existed on the market. So as I started building new features for myself. I realised they were not only amazingly useful for me but also for all the customers who were using it at the time (a whooping 10 people back then!). Most importantly, I was able to see results in my own trading account. Today, I’m really proud to share the results with you. Gain of 1982% for the 2014 year Number of trades 371 Win/loss ratio 28%/72% Profit factor 1.7 This was the year of major change. I went from consistently losing with major drawdowns to understanding where my errors were and then using the Trading Consistently Journal to keep my discipline and consistency intact to recuperate and becoming consistently profitable for the rest of the year. The first quater was one of struggle where I kept losing but was the first time where I journalled every single trade in vivid detail relentlessly. It was the first time I understood what I was really doing wrong in my trading and found ways to overcome them. I didn’t find one to two mistakes – I found 5 major mistakes I kept repeating! Once I found out...

How to build a winning Trading Plan & Journal in 7 steps.

“I want to improve, but I don’t know how” was exactly what I said to my mentor 4 year ago. Fast forward a few years later and I earned 1982% in a single year using the exact same strategy as every other time I had failed.  When I look back, the most interesting part is not my profit, but how I was able to understand that my strategy wasn’t the problem – it was how I applied it was the problem. At first I didn’t even think that I could be the problem! Today I want to show you how to build your very first trading plan with the Trading Consistently Journal in just a few minutes, using your existing strategy and trade your current market. By the end you’ll have a rock solid trading plan and well on your way to either bringing in consistent returns. 1. Choose a trading strategy. This might sound obvious, but in a world buzzing with millions of trading strategies its often difficult to choose which strategy you should follow. Most people are confused as to which to pick and consequently often are trading multiple strategies in one go in a very undisciplined manner. While the Trading Consistently Journal can help you easily trade multiple strategies at the same time I don’t personally recommend you do this until you’ve mastered at least one. Start with one single strategy – doesn’t matter which one – just pick one to follow. Make a decision and a commitment to follow that strategy with discipline for at least 100 trades. At this point it’s not necessary to find...

The #1 reason why most traders fail (and how EXACTLY to avoid it)

We want to show you how exactly we can transform your trading, in as little as a few hours. Trading Consistently Journal is one of the most powerful manual trading journals on the market today. It is a complete system to help you devise, define, enhance and improve any existing trading system and we want to show you exactly how you can benefit by applying these core lessons to your trading. Even if you don’t use the Trading Consistently Journal you’ll still take away key lessons that you can apply to your trading system immediately and benefit. Let’s start by defining exactly what a Trading System is – a set of Trading Rules that are formulated prior to entering a trade which defines when to buy and sell signals with little ambiguity or any subjectivity elements. Why do we need a trading system? Primarily to manage risk, and increase profitability in the long term with the principal benefit of removing emotions from trading. Movies and television often portray traders on Wall St often in stressful, highly emotional environments. However, profitable trading actually requires the reverse – highly focused & highly controlled individuals. Trades who can ‘keep their cool’ in tense situations will outperform over emotional traders. But just why is ’emotional trading’ bad? Emotional trading leads to irrational behaviour which is extremely damaging to your trading account. Can you think of when you’ve emotionally reacted to a trade? Did it end well? On the other side, traders who are able to control emotions make clearer decisions in tense moments. They are not willing to abandon their strategy just because a few strings...