Sie sind auf Seite 1von 98

Daily Trading Journal

This Journal
belongs to:

Name

Date of rst entry

Date of last entry

Daily Trading Journal: A Short Journal For Traders To Record Their Everyday Thoughts And Emotions On Trading; by Bennett A. McDowell 2003 by Bennett A. McDowell, TradersCoach.com. All rights reserved. Published in the United States of America by: TradersCoach.com 10755-F Scripps Poway Parkway, #477 San Diego, CA 92131 USA Website: www.traderscoach.com Phone: (858) 695-1985 Fax: (858) 695-1397 E-Mail: traderscoach@msn.com No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photo copying, recording or otherwise without the prior written permission of TradersCoach.com. The information in this book: Daily Trading Journal is intended for educational purposes only. Traders are advised to do their own research and testing to determine the validity of any trading idea or system. Trading and investing carry a high level of risk. Past performance does not guarantee future results. TradersCoach.com, Bennett A. McDowell or afliates assume no responsibility for your success or failure in trading the markets. Illustrations, Cover & Interior Design 2003 Pneuma Books: Complete Publishers Services. For more information, visit www.pneumabooks.com Printed in the United States of America
10 09 08 07 06 05 04 03 10 9 8 7 6 5 4 3 2 1

ISBN 0-9703387-4-0

Daily Trading Journal


A Short Journal For Traders To Record Their Everyday Thoughts And Emotions On Trading
Introduction by

Bennett A. McDowell
TradersCoach.com
San Diego

Introduction
Know Thyself

As traders, we are destined to learn more about ourselves with each and every trade we make whether it is a profitable trade or not. Sometimes the losing trades can teach us the most about our own psychology, presenting a golden opportunity to benet from an apparently miserable situation. If we miss this opportunity to discover our own unique and special psychological strengths and weaknesses through these trading experiences we surely will struggle both emotionally and nancially. With this understanding, the need for the Daily Trading Journal becomes clear. This is a place where you can quickly jot down thoughts and feelings each morning and evening about your emotions. This is not where you want to record prots and losses. It is purely an outlet for the feelings the good, the bad and the ugly that come up each and every day of trading.

n vii n

Perception & Reality

Is your glass half empty or half full today? Isnt it interesting how we can perceive identical elements in a different way at different times? These perceptions work for us or against us in the trading room. For that reason it is important to maintain positive emotional energy every moment that we are trading. This is a challenge at times for even the most seasoned traders, yet it probably affects the novice professionals more severely than the veterans. The challenge of maintaining optimistic energy even during sizable losses, stop-outs, and trading errors gets easier with time and experience. Patience is truly a virtue for traders just starting out! How easy it is to criticize yourself when youve made a trading error such as not adhering to a stop, miscalculating charts or market information, or buying on a hot tip the list can go on. The reality is that these trading errors can give enormous insight into your personal psychology. Maybe you are sabotaging your own trading without realizing it. Why would anyone do that? Well, its like any self-destructive behavior; it is deep and complex and not necessarily apparent to the naked eye.
n viii n

Do you have a sense of guilt that you have taken someone elses money when youve had a winning streak that makes you feel you should give it back? Do you feel you dont deserve to be successful that its not your place in life? Do you think trading is too easy that you should work harder for your money and for success? Is fear of success and the unknown stopping you? Whatever the core of your belief system is, you must uncover it, accept it, and embrace it. Then and only then can you change any negative belief systems into ones that are more compassionate and supportive. The goal is to attain a prosperous and joyous professional life. The self-contempt that can go hand-in-hand with negative personal belief systems leads to denial and ultimately a vicious cycle of painful behavior. Your identity is not one and the same as your belief system. We all have the ability to change. Like various twelve-step programs, the rst step on the road to change and recovery is to humbly admit that you have a problem, or a negative belief system. Some think the easier path is to take the victims standpoint. The market took my money! My clearing house gave me a bad ll! That person gave me bad information! My trading system doesnt work! My spouse is nagging at me and stressing me out! Others choose to criticize themselves with the Coulda, Woulda, Shoulda approach. They suffer from a constant dialogue of, Im such an idiot, I could have done this and it would all be okay!, I should have done that! or I would have done that if only
n ix n

Whats done is done. No matter how terrible you perceive your situation to be, the reality is probably much brighter. Believe me! A negative state of mind makes everything seem worse. Taking it out on those around you, or the market, or yourself does not benet you in any way. Your account balance is only a number. If you equate your self-worth with that number then you are operating from a negative belief system. No matter how severe your losses are, it is crucial that you turn them into a positive. Learn something from them. If you dont learn something from your trading or if you stop trying to learn something then it truly is a loss.

On Being Human

While we are on this earth, we are inescapably human. And by denition, to be human is to be imperfect. That can be very difcult to live with for some. We all strive for perfection, or some illusion of such. But in all honesty life is not perfect and we as humans are no exception. Instead we are perfectly imperfect. Accepting this truth and believing it can be a magical and liberating key to success as people and as traders.

nxn

Try to forgive yourself for being human. Regard your mistakes as a gift and a reminder that this journey is a learning process and a work of art. Do you look at a painting or a hand made craft as being unattractive because it reveals textures or imperfections left by the artist? Probably not, since it is these marks that makes them one-of-a-kind, authentic and special. Remember this when you make a mistake in your trading. You will have a trading experience and learning process that is different from anyone elses. And you will learn from your mistakes in life. They can be your greatest teachers! Ultimately, the purpose of the Daily Trading Journal is to serve as a tool to help you learn something from the losses and the gains. Its a way to get to know yourself and help you make your personal psychology work for you. Everyone at TradersCoach.com wish you all the best in your trading and your life! Bennett A. McDowell May 2001

n xi n

for using your journal

Instructions

Jot down your thoughts and feelings on trading, life and anything that comes into your mind. This should be done rst thing in the morning as you awake and after youve stopped trading for the day. KISS keep it simple. The important thing is to write every morning and evening. there is no need to write more than you have room for on the journal pages provided.

n1n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n6 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n7 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n8 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n9 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 10 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 11 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 12 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 13 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 14 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 15 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 16 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 17 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 18 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 19 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 20 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 21 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 22 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 23 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 24 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 25 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 26 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 27 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 28 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 29 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 30 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 31 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 32 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 33 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 34 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 35 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 36 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 37 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 38 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 39 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 40 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 41 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 42 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 43 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 44 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 45 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 46 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 47 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 48 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 49 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 50 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 51 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 52 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 53 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 54 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 55 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 56 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 57 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 58 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 59 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 60 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 61 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 62 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 63 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 64 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 65 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 66 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 67 n

q Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday

a.m.
Todays Date is:

n 68 n

p.m.
Tonights Date is:

Monday q Tuesday q Wednesday q Thursday q Friday q Saturday q Sunday q

n 69 n

Congratulations
on completing one journal month!

n 70 n

Monthly Recap

You can use the following pages to recap the months highs and lows. Record any themes or patterns in your psychology.

n 71 n

Monthly Recap

n 72 n

Monthly Recap

n 73 n

Monthly Recap

n 74 n

Monthly Recap

n 75 n

Monthly Recap

n 76 n

Monthly Recap

n 77 n

Monthly Recap

n 78 n

Monthly Recap

n 79 n

Monthly Recap

n 80 n

Continue To Journal

your thoughts & emotions on trading

By continuing to write in in the Daily Trading Journal every morning and every evening, you can monitor and evaluate how your emotions are affecting your trading performance. Feel free to use the order forms in the back of this journal to acquire a new Daily Trading Journal for use during your next month of trading.

n 81 n

Bennett A. McDowell Author of the Survival Guide for Traders and TradersCoach.com President

About the Author


Bennett A. McDowell worked on Wall Street with J.J. Kenny and was a licensed stockbroker with Prudential Securities and Morgan Stanley Dean Witter. His book, Survival Guide For Traders helps traders set-up and organize their trading business. Currently an active trader and registered investment advisor, he has also studied with world-class trader Bill Williams, PhD, at the Protunity Trading Group. The author launched TradersCoach.com to provide straightforward guidance to the new generation of traders active in the market today. Thanks to the phenomenal technology available, trading has become an accessible profession to anyone with the inner passion to pursue it. As Bennett says, The key is for traders to follow their passion and at the same time develop the skills necessary to be consistently protable. By working with a trading coach like Bennett at TradersCoach.com, it is easier for new traders to stay focused on developing their skills. Bennett welcomes your comments, insights, and questions and can be reached by e-mail via traderscoach@msn.com. Or, you can visit the website at www.traderscoach.com.

n 83 n

Fax & Mail-In Order Form


TradersCoach.com Phone: (858) 695-1985 Fax: (858) 695-1397 Mail: 10755-F Scripps Poway Parkway; #477; San Diego, CA 92131 USA Name:____________________________________________________________________________ Street Address:___________________________________________________________________ City:_______________________________________________________________________________ State: _________________________________________Zip: ______________________________ Country:__________________________________________________________________________ Phone: _______________________________________Fax: ______________________________ E-Mail: ___________________________________________________________________________ Credit Card #:_________________________________________Exp Date:_______________ Payment Type: (Circle One) AMEX MasterCard Visa Check Enclosed

# of____________Daily Trading Journals A Short Journal For Traders To Record Their Everyday Thoughts And Emotions On Trading. (Journal has enough pages for one full month) $14.95 each. I understand that my credit card will be charged for the dollar amount of the item(s) above and for any applicable sales tax. The dollar amount above includes shipping and handling. The selected item(s) will be delivered to me at the above designated customer address within ve business days from receipt of my order. (Outside the contiguous United States of America item(s) will be delivered within 15 business days.) This offer expires December 31, 2004. Cardholder Name:______________________________________________________________ Cardholder Signature:__________________________________ Order Date:_________

BRM order form 1

Fax & Mail-In Order Form


TradersCoach.com Phone: (858) 695-1985 Fax: (858) 695-1397 Mail: 10755-F Scripps Poway Parkway; #477; San Diego, CA 92131 USA Name:____________________________________________________________________________ Street Address:___________________________________________________________________ City:_______________________________________________________________________________ State: _________________________________________Zip: ______________________________ Country:__________________________________________________________________________ Phone: _______________________________________Fax: ______________________________ E-Mail: ___________________________________________________________________________ Credit Card #:_________________________________________Exp Date:_______________ Payment Type: (Circle One) AMEX MasterCard Visa Check Enclosed

# of____________Survival Guide For Traders, Second Edition How To Set-Up And Organize Your Trading Business. $79.95 each. I understand that my credit card will be charged for the dollar amount of the item(s) above and for any applicable sales tax. The dollar amount above includes shipping and handling. The selected item(s) will be delivered to me at the above designated customer address within ve business days from receipt of my order. (Outside the contiguous United States of America item(s) will be delivered within 15 business days.) This offer expires December 31, 2004. Cardholder Name:______________________________________________________________ Cardholder Signature:__________________________________ Order Date:_________

Fax & Mail-In Order Form


TradersCoach.com Phone: (858) 695-1985 Fax: (858) 695-1397 Mail: 10755-F Scripps Poway Parkway; #477; San Diego, CA 92131 USA First Name: _____________________Last Name: ______________________ Street Address: __________________________________________________________________ City: ______________________________________________________________________________ State:___________________________________________________Zip: ________________ Country: ________________________________________________________________________ Phone: _________________________Fax:______________________________________ E-Mail: __________________________________________________________

Get your FREE VHS, DVD, or CD-ROM!


TradersCoach.com offers a special free program entitled, Trading: The Perfect Business. It has information on how the products and services of TradersCoach.com can help you along on the path to trading success. Fill out this form today to receive your FREE VHS, DVD or CD-ROM! Circle your preferred program format: VHS DVD CD-ROM

Circle the region where you will be using the program: NTSC . . . . . . (The United States, Canada, Mexico, Philippines & Japan) PAL. . . . . . . . . (Great Britain, Europe, Australia, India, Singapore & China) SECAM. . . . . (France, Russia, Greece, Jamaica & Iran)
I understand and agree by signing below that I will not hold TradersCoach.com or any afliates liable in any way for services, products, or information rendered past, present, or future. I also note that TradersCoach.com does not guarantee my success in trading the Markets and that it is possible for me to lose money in trading the Markets. One FREE program per customer. FREE offer expires December 31, 2004.

Signature (required):______________________________Date: ____________