Wiki source code of ICT YT - 2020-08-07 - What Journals I Use and An Example Entry.srt
Show last authors
author | version | line-number | content |
---|---|---|---|
1 | 1 | ||
2 | 00:00:01,170 --> 00:00:04,890 | ||
3 | ICT: Alright guys, we are looking at some of the journals | ||
4 | |||
5 | 2 | ||
6 | 00:00:04,890 --> 00:00:10,800 | ||
7 | that I use when I'm logging all my experiences for the week. | ||
8 | |||
9 | 3 | ||
10 | 00:00:11,610 --> 00:00:15,390 | ||
11 | And I'm gonna give you a just a snapshot Obviously, I'm not | ||
12 | |||
13 | 4 | ||
14 | 00:00:15,390 --> 00:00:21,660 | ||
15 | gonna give you everything because journals are personal. And | ||
16 | |||
17 | 5 | ||
18 | 00:00:23,220 --> 00:00:31,170 | ||
19 | this is a brand new one, so it's a virgin. You can see it's | ||
20 | |||
21 | 6 | ||
22 | 00:00:33,060 --> 00:00:36,870 | ||
23 | very nice, nice leather. Now you don't have to go into | ||
24 | |||
25 | 7 | ||
26 | 00:00:37,050 --> 00:00:39,930 | ||
27 | journaling, like this. I've always used journals like this | ||
28 | |||
29 | 8 | ||
30 | 00:00:39,930 --> 00:00:44,970 | ||
31 | for at least the last 16 years or so. I wanted this style. | ||
32 | |||
33 | 9 | ||
34 | 00:00:45,390 --> 00:00:52,500 | ||
35 | This is actually a beautiful paper, it feels like linen. So | ||
36 | |||
37 | 10 | ||
38 | 00:00:52,530 --> 00:00:54,960 | ||
39 | I'm not sure if it would be something that you like to do, | ||
40 | |||
41 | 11 | ||
42 | 00:00:54,960 --> 00:01:00,570 | ||
43 | but for me, I've always found it. Just it's the hand submits | ||
44 | |||
45 | 12 | ||
46 | 00:01:00,570 --> 00:01:04,470 | ||
47 | it to me, I look at my recordings and my journal entries as | ||
48 | |||
49 | 13 | ||
50 | 00:01:04,470 --> 00:01:09,090 | ||
51 | something that's well intimate and precious to me. And I'm | ||
52 | |||
53 | 14 | ||
54 | 00:01:09,090 --> 00:01:13,620 | ||
55 | going to put them in something that's going to be. Well, | ||
56 | |||
57 | 15 | ||
58 | 00:01:14,760 --> 00:01:18,420 | ||
59 | interesting. Okay, it's not a plain white piece of paper. So | ||
60 | |||
61 | 16 | ||
62 | 00:01:18,420 --> 00:01:23,670 | ||
63 | what I generally do is every entry is all of this over here | ||
64 | |||
65 | 17 | ||
66 | 00:01:23,670 --> 00:01:29,190 | ||
67 | has trade related things. Things, I'm looking for key levels | ||
68 | |||
69 | 18 | ||
70 | 00:01:29,340 --> 00:01:33,720 | ||
71 | of potential setups, and over here will give me things that | ||
72 | |||
73 | 19 | ||
74 | 00:01:33,720 --> 00:01:36,240 | ||
75 | I have to worry about in terms of psychological things, | ||
76 | |||
77 | 20 | ||
78 | 00:01:36,720 --> 00:01:39,870 | ||
79 | things that I'm going through on a personal level, which is | ||
80 | |||
81 | 21 | ||
82 | 00:01:39,870 --> 00:01:42,570 | ||
83 | the reason why you're not going to see my journal because I | ||
84 | |||
85 | 22 | ||
86 | 00:01:42,570 --> 00:01:44,430 | ||
87 | don't want to go through the process of only looking at it | ||
88 | |||
89 | 23 | ||
90 | 00:01:44,430 --> 00:01:47,520 | ||
91 | like this. And it doesn't give you a real clear depiction of | ||
92 | |||
93 | 24 | ||
94 | 00:01:48,240 --> 00:01:51,750 | ||
95 | what I use for journal and I'm going to give you really the, | ||
96 | |||
97 | 25 | ||
98 | 00:01:52,200 --> 00:01:59,580 | ||
99 | the view of what it looks like in a snapshot view what I get | ||
100 | |||
101 | 26 | ||
102 | 00:01:59,580 --> 00:02:03,570 | ||
103 | these off Amazon, I used to pay a little bit more than I do | ||
104 | |||
105 | 27 | ||
106 | 00:02:03,570 --> 00:02:06,780 | ||
107 | now, getting it from the producer, but for whatever reason | ||
108 | |||
109 | 28 | ||
110 | 00:02:06,780 --> 00:02:10,800 | ||
111 | they sell them on Amazon for a better price. So I buy about | ||
112 | |||
113 | 29 | ||
114 | 00:02:10,860 --> 00:02:16,170 | ||
115 | 12 to 15 of them at a time. So it gives me approximately | ||
116 | |||
117 | 30 | ||
118 | 00:02:16,170 --> 00:02:20,790 | ||
119 | about 1314 months. So it usually takes me to get through one | ||
120 | |||
121 | 31 | ||
122 | 00:02:20,790 --> 00:02:27,120 | ||
123 | journal and also journal. My my dreams I've done this since | ||
124 | |||
125 | 32 | ||
126 | 00:02:27,120 --> 00:02:31,170 | ||
127 | I was a teenager. So this isn't really anything to do with | ||
128 | |||
129 | 33 | ||
130 | 00:02:31,200 --> 00:02:36,300 | ||
131 | trading, but I got asked that talk about that as well. I'm | ||
132 | |||
133 | 34 | ||
134 | 00:02:36,300 --> 00:02:38,610 | ||
135 | not sure why this question is important in terms of | ||
136 | |||
137 | 35 | ||
138 | 00:02:38,610 --> 00:02:42,780 | ||
139 | answering but this is the pen of asked what pen I use in my | ||
140 | |||
141 | 36 | ||
142 | 00:02:42,780 --> 00:02:47,910 | ||
143 | journal. And I use this one simply because the paper and my | ||
144 | |||
145 | 37 | ||
146 | 00:02:47,910 --> 00:02:52,980 | ||
147 | journals are just really nice. It takes that ink very well. | ||
148 | |||
149 | 38 | ||
150 | 00:02:53,610 --> 00:02:56,460 | ||
151 | But here's what you probably been waiting for. And it's not | ||
152 | |||
153 | 39 | ||
154 | 00:02:56,460 --> 00:03:01,050 | ||
155 | overwhelming. No. But this is generally what my My journal | ||
156 | |||
157 | 40 | ||
158 | 00:03:01,050 --> 00:03:05,010 | ||
159 | entries look like I sit down and I usually doodle something. | ||
160 | |||
161 | 41 | ||
162 | 00:03:05,280 --> 00:03:08,370 | ||
163 | And I apologize if you hear anything outside because they're | ||
164 | |||
165 | 42 | ||
166 | 00:03:08,370 --> 00:03:12,210 | ||
167 | installing a new heating element in my driveway. So when it | ||
168 | |||
169 | 43 | ||
170 | 00:03:12,300 --> 00:03:15,240 | ||
171 | gets cold, it'll be able to melt this now and such, but | ||
172 | |||
173 | 44 | ||
174 | 00:03:15,570 --> 00:03:21,480 | ||
175 | usually some kind of a doodle or draw. And just, I've always | ||
176 | |||
177 | 45 | ||
178 | 00:03:21,480 --> 00:03:28,050 | ||
179 | done that. So they may not always be Asian centered, or | ||
180 | |||
181 | 46 | ||
182 | 00:03:28,050 --> 00:03:31,740 | ||
183 | martial arts centering, but there's usually some kind of a | ||
184 | |||
185 | 47 | ||
186 | 00:03:32,160 --> 00:03:36,720 | ||
187 | doodle shots in the lower right hand corner of the journal | ||
188 | |||
189 | 48 | ||
190 | 00:03:36,720 --> 00:03:40,170 | ||
191 | here. And then I just write down the information that has my | ||
192 | |||
193 | 49 | ||
194 | 00:03:40,170 --> 00:03:44,580 | ||
195 | expectations for the week. And this was my Monday's journal | ||
196 | |||
197 | 50 | ||
198 | 00:03:44,580 --> 00:03:51,780 | ||
199 | entry in this journal. You can see like I said, if if people | ||
200 | |||
201 | 51 | ||
202 | 00:03:51,780 --> 00:03:53,910 | ||
203 | see these things, it doesn't really mean a whole lot to | ||
204 | |||
205 | 52 | ||
206 | 00:03:53,910 --> 00:03:56,400 | ||
207 | anyone, especially if you're not familiar with mine | ||
208 | |||
209 | 53 | ||
210 | 00:03:56,610 --> 00:04:01,530 | ||
211 | information and my concepts but things before For, and this | ||
212 | |||
213 | 54 | ||
214 | 00:04:01,530 --> 00:04:05,550 | ||
215 | is, again, one small little area where I'm not trying to | ||
216 | |||
217 | 55 | ||
218 | 00:04:05,550 --> 00:04:09,390 | ||
219 | make that public. These are personal things that are on my | ||
220 | |||
221 | 56 | ||
222 | 00:04:09,390 --> 00:04:13,080 | ||
223 | mind. And I do a wellness in focus things I'm going to be | ||
224 | |||
225 | 57 | ||
226 | 00:04:13,140 --> 00:04:18,090 | ||
227 | worrying about conquering for that particular trading day or | ||
228 | |||
229 | 58 | ||
230 | 00:04:18,090 --> 00:04:20,760 | ||
231 | week and keeping them in focus. And then I have the weekly | ||
232 | |||
233 | 59 | ||
234 | 00:04:20,760 --> 00:04:23,430 | ||
235 | calendar, big rocks, which is basically the events I'm | ||
236 | |||
237 | 60 | ||
238 | 00:04:23,430 --> 00:04:26,400 | ||
239 | looking for, that's going to be more impactful for the week. | ||
240 | |||
241 | 61 | ||
242 | 00:04:27,090 --> 00:04:31,800 | ||
243 | And then I go up here and I record what my expectations are | ||
244 | |||
245 | 62 | ||
246 | 00:04:31,800 --> 00:04:34,140 | ||
247 | what I'm expecting to see things that are going to filter | ||
248 | |||
249 | 63 | ||
250 | 00:04:34,950 --> 00:04:38,370 | ||
251 | for my trade decisions. And I try to keep them really short | ||
252 | |||
253 | 64 | ||
254 | 00:04:38,370 --> 00:04:40,410 | ||
255 | and sweet and try not to have a whole lot of things and | ||
256 | |||
257 | 65 | ||
258 | 00:04:40,410 --> 00:04:44,010 | ||
259 | moving parts, and I put in something that would be a filter | ||
260 | |||
261 | 66 | ||
262 | 00:04:44,190 --> 00:04:47,130 | ||
263 | that would keep me from either participating again, or | ||
264 | |||
265 | 67 | ||
266 | 00:04:47,130 --> 00:04:51,390 | ||
267 | engaging or what it would take for me to change my mind and | ||
268 | |||
269 | 68 | ||
270 | 00:04:51,390 --> 00:04:54,240 | ||
271 | move to the sidelines. So anyway, I hope we found this | ||
272 | |||
273 | 69 | ||
274 | 00:04:54,240 --> 00:04:56,460 | ||
275 | insightful and I'll talk to you next time. |