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This idea doesn't make much sense to me.
If you can write it down, then it's already in your head.
Why does it need to be on paper?
Do you imagine yourself ever going back and reading it?
Anything I don't care to maintain in my cranium is programmed
into my system code.
Vince Heiker wrote:
> 1. Trading Journal.
>
> Many trading experts state that a trader needs to maintain, review, study
> his/her own trading journal, implying that without such, a trader will
> lose...because s/he will not learn from his/her mistakes.
>
> Curious, is it not, that none of the experts provide an example of even a
> single good trading journal? There is not a single good one among my 400+
> trading books and 100+ trading videos, nor years of trading magazine issues,
> nor at any trading Expo's or seminars or local trading group meetings that
> I've attended.
>
> Occasionally I correspond with very well known trading book authors and
> seminar providers. I challenge some, politely, to provide me with just one
> decent design or example. None have.
>
> The best trading journal I've seen, is at the website of another trader, who
> has been trading only about 2 years, if memory serves. Isn't that also odd,
> that a non-expert can put good thought into this, not only design but also
> use and bravely post his trading journal for all to see - yet not one expert
> can do so?
>
> 2. Trading plans.
>
> Can't win without a good trading plan...according to many trading experts -
> none of whom (see trading journal comments above) can show even one good
> example.
>
> What constitutes a good trading plan?
>
> Anyone here ever seen one, other than brief outlines in books about what one
> should contain?
>
> Is it a portion of a full-blown business plan? Is a full business plan an
> important critical success factor? If so, what is a full business plan for a
> trader?
>
> There are plenty of books at Amazon and elsewhere about business plans, and
> many good examples...but is one really necessary? Is creating and
> maintaining a good business plan, worth the considerable effort that it
> takes for a trader? If so, why?
>
> Back to just the trading plan portion itself. What is it? Just a list of
> trading rules, of do's and don't's?
>
> Inquiring trading minds want to know...so why can no trading experts provide
> good designs and good examples?
>
> If anyone herein knows of a book, seminar, tape, web site, etc., where there
> is a good trading plan, design, please share it with us. If you have a good
> one of your own, can you at least share the design of it with us, if not
> much of the plan itself?
>
> Vince Heiker
> Flower Mound, Texas
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