ICT YT - 2020-08-07 - What Journals I Use and An Example Entry.srt
1 00:00:01,170 --> 00:00:04,890 ICT: Alright guys, we are looking at some of the journals 2 00:00:04,890 --> 00:00:10,800 that I use when I'm logging all my experiences for the week. 3 00:00:11,610 --> 00:00:15,390 And I'm gonna give you a just a snapshot Obviously, I'm not 4 00:00:15,390 --> 00:00:21,660 gonna give you everything because journals are personal. And 5 00:00:23,220 --> 00:00:31,170 this is a brand new one, so it's a virgin. You can see it's 6 00:00:33,060 --> 00:00:36,870 very nice, nice leather. Now you don't have to go into 7 00:00:37,050 --> 00:00:39,930 journaling, like this. I've always used journals like this 8 00:00:39,930 --> 00:00:44,970 for at least the last 16 years or so. I wanted this style. 9 00:00:45,390 --> 00:00:52,500 This is actually a beautiful paper, it feels like linen. So 10 00:00:52,530 --> 00:00:54,960 I'm not sure if it would be something that you like to do, 11 00:00:54,960 --> 00:01:00,570 but for me, I've always found it. Just it's the hand submits 12 00:01:00,570 --> 00:01:04,470 it to me, I look at my recordings and my journal entries as 13 00:01:04,470 --> 00:01:09,090 something that's well intimate and precious to me. And I'm 14 00:01:09,090 --> 00:01:13,620 going to put them in something that's going to be. Well, 15 00:01:14,760 --> 00:01:18,420 interesting. Okay, it's not a plain white piece of paper. So 16 00:01:18,420 --> 00:01:23,670 what I generally do is every entry is all of this over here 17 00:01:23,670 --> 00:01:29,190 has trade related things. Things, I'm looking for key levels 18 00:01:29,340 --> 00:01:33,720 of potential setups, and over here will give me things that 19 00:01:33,720 --> 00:01:36,240 I have to worry about in terms of psychological things, 20 00:01:36,720 --> 00:01:39,870 things that I'm going through on a personal level, which is 21 00:01:39,870 --> 00:01:42,570 the reason why you're not going to see my journal because I 22 00:01:42,570 --> 00:01:44,430 don't want to go through the process of only looking at it 23 00:01:44,430 --> 00:01:47,520 like this. And it doesn't give you a real clear depiction of 24 00:01:48,240 --> 00:01:51,750 what I use for journal and I'm going to give you really the, 25 00:01:52,200 --> 00:01:59,580 the view of what it looks like in a snapshot view what I get 26 00:01:59,580 --> 00:02:03,570 these off Amazon, I used to pay a little bit more than I do 27 00:02:03,570 --> 00:02:06,780 now, getting it from the producer, but for whatever reason 28 00:02:06,780 --> 00:02:10,800 they sell them on Amazon for a better price. So I buy about 29 00:02:10,860 --> 00:02:16,170 12 to 15 of them at a time. So it gives me approximately 30 00:02:16,170 --> 00:02:20,790 about 1314 months. So it usually takes me to get through one 31 00:02:20,790 --> 00:02:27,120 journal and also journal. My my dreams I've done this since 32 00:02:27,120 --> 00:02:31,170 I was a teenager. So this isn't really anything to do with 33 00:02:31,200 --> 00:02:36,300 trading, but I got asked that talk about that as well. I'm 34 00:02:36,300 --> 00:02:38,610 not sure why this question is important in terms of 35 00:02:38,610 --> 00:02:42,780 answering but this is the pen of asked what pen I use in my 36 00:02:42,780 --> 00:02:47,910 journal. And I use this one simply because the paper and my 37 00:02:47,910 --> 00:02:52,980 journals are just really nice. It takes that ink very well. 38 00:02:53,610 --> 00:02:56,460 But here's what you probably been waiting for. And it's not 39 00:02:56,460 --> 00:03:01,050 overwhelming. No. But this is generally what my My journal 40 00:03:01,050 --> 00:03:05,010 entries look like I sit down and I usually doodle something. 41 00:03:05,280 --> 00:03:08,370 And I apologize if you hear anything outside because they're 42 00:03:08,370 --> 00:03:12,210 installing a new heating element in my driveway. So when it 43 00:03:12,300 --> 00:03:15,240 gets cold, it'll be able to melt this now and such, but 44 00:03:15,570 --> 00:03:21,480 usually some kind of a doodle or draw. And just, I've always 45 00:03:21,480 --> 00:03:28,050 done that. So they may not always be Asian centered, or 46 00:03:28,050 --> 00:03:31,740 martial arts centering, but there's usually some kind of a 47 00:03:32,160 --> 00:03:36,720 doodle shots in the lower right hand corner of the journal 48 00:03:36,720 --> 00:03:40,170 here. And then I just write down the information that has my 49 00:03:40,170 --> 00:03:44,580 expectations for the week. And this was my Monday's journal 50 00:03:44,580 --> 00:03:51,780 entry in this journal. You can see like I said, if if people 51 00:03:51,780 --> 00:03:53,910 see these things, it doesn't really mean a whole lot to 52 00:03:53,910 --> 00:03:56,400 anyone, especially if you're not familiar with mine 53 00:03:56,610 --> 00:04:01,530 information and my concepts but things before For, and this 54 00:04:01,530 --> 00:04:05,550 is, again, one small little area where I'm not trying to 55 00:04:05,550 --> 00:04:09,390 make that public. These are personal things that are on my 56 00:04:09,390 --> 00:04:13,080 mind. And I do a wellness in focus things I'm going to be 57 00:04:13,140 --> 00:04:18,090 worrying about conquering for that particular trading day or 58 00:04:18,090 --> 00:04:20,760 week and keeping them in focus. And then I have the weekly 59 00:04:20,760 --> 00:04:23,430 calendar, big rocks, which is basically the events I'm 60 00:04:23,430 --> 00:04:26,400 looking for, that's going to be more impactful for the week. 61 00:04:27,090 --> 00:04:31,800 And then I go up here and I record what my expectations are 62 00:04:31,800 --> 00:04:34,140 what I'm expecting to see things that are going to filter 63 00:04:34,950 --> 00:04:38,370 for my trade decisions. And I try to keep them really short 64 00:04:38,370 --> 00:04:40,410 and sweet and try not to have a whole lot of things and 65 00:04:40,410 --> 00:04:44,010 moving parts, and I put in something that would be a filter 66 00:04:44,190 --> 00:04:47,130 that would keep me from either participating again, or 67 00:04:47,130 --> 00:04:51,390 engaging or what it would take for me to change my mind and 68 00:04:51,390 --> 00:04:54,240 move to the sidelines. So anyway, I hope we found this 69 00:04:54,240 --> 00:04:56,460 insightful and I'll talk to you next time.