The Trading Journal Do's and Don'ts

Every time I ask Norman Hallett from TheDisciplinedTrader.com to "give us more" on a previous topic he's previously covered, he always delivers. What do I mean? Well, about a month ago Norman wrote a post discussing "Measuring your Trading Experience" and within the article he touched on an important part of many successful trader's daily routiens...a Trading Journal. So after many requests from readers Norman has come back to give us the BEST methods for writing and MAINTAINING a journal.

Please enjoy the article, to be notified when the upcoming The Disciplined Trader Intensive
Program will be held visit TheDisciplinedTrader.com to learn more, and please comment as much as you can below! We want to hear your journal story...or lack there of!

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In The Disciplined Trader Intensive Program, where we train traders of all modalities to be disciplined in their trading, one of the topics we delve into deeply is journaling.  You see, journaling is the most effective way to self-evaluate your strengths and weaknesses as a trader, therefore allowing you to target specific problems for correction.

Here are two very popular basic questions about journaling that keep coming up in our Intensive along with answers that I hope will be helpful for your own journaling:

What is the purpose of having a trading journal?

Continue reading "The Trading Journal Do's and Don'ts"

Special Re-Broadcast: Corey Afraidtotrade.com

Last month I had the pleasure of meeting Corey Rosenbloom from Afraidtotrade.com and his presentation on "Idealized Trade Set-ups for the Intraday Trader" was the best I saw...period! They are re-broadcasting the seminar TODAY at 12PM EASTERN so don't miss Corey's presentation.

Visit this link right now to watch the presentation "Idealized Trade Set-ups for the Intraday Trader"

Trader's Blog Contest For July

“Who runs the federal reserve: the banks or the government?”

Just leave a comment stating if you think the banks or the government run the federal reserve. Don't do any research, just shoot from the hip on this one.

Prize

Winner will receive 1 FREE months of INO TV and a prize pack of 6 DVD's from the INO TV collection. Customize your set and pick 6 from a collection of over 600 seminars.

INO TV & DVDs (+$130.00 Value)

How To Enter:

Comment on this post telling us who you think runs/controls the federal reserve. Add a little bit of commentary or opinion if you would like to... just keep it clean and remember that there is only one entry per person.

Rules

1. This contest is open until 11:59 PM (PST) on July 31st, 2009.

2. No wrong answers, any participation counts as an entry.

3. One entry per email address.

4. Winner will be picked by random integer software.

5. Winner will be contacted on Monday August 3rd, 2009 via email.

Good luck!

June Trader's Blog Contest Winner is...

The winner of the June contest, where we asked “Gold - Up 11% in May... where is the top for this market for 2009,” is random comment number 62. We had 284 responses, but only 258 eligible comments.

Congrats… Allan S., New Market, Ontario

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After crunching everyone's guesses:

Mean - $1,262.46

Mode - $1,200.00

Median - $1,203.5

Continue reading "June Trader's Blog Contest Winner is..."

S&P 500 update (New Video)

Today I'm going to take another look at the S&P 500 Index. It appears that some of the rose coloring on traders' glasses is beginning to wear thin. Many more traders now perceive this as a two way trading market as opposed to a one way street we witnessed in March and April.

I am going to be analyzing a daily S&P index chart and making some observations that I think potentially could work out if certain elements fall into place.

At the present time our "Trade Triangle" technology is indicating a neutral stance in this market. With the -55 reading our "Trade Triangles" are indicating a trading range which could possibly be an early sign of a reversal.

You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub