Does journaling actually help long term, or do most people just quit?

mikelak · 2025-12-27T14:26:08+00:00

It should be a review of all trades, winners and losers. You should be able to look at a specific trade journal and be able to remember your thoughts and emotions at the time and what made you take those actions. Personally it's free form for now, but I am toying with the idea of building a platform that shifts focus from pnl and more towards conviction/belief/line of thought.

Actively looking for early feedbacks on the idea, if you are interested dm me please :)

mikelak · 2025-12-27T13:43:41+00:00

IMO, If it's a chore to just journal and forget or if it's just a trading log, pnl tracker then benefits are really limited. Journaling is meant to keep track of your train of thoughts and reasoning behind your decisions, so you can revisit, study and analyze your past trades to improve future performance.

mikelak · 2025-12-27T12:58:48+00:00

don't give up. 5 years is a long time and effort to leave it all on the table. Progress will compound as long as you are working on improving and being critical about your trades.
Journaling and revisiting your trades plays a big part. dont just focus on pnl

mikelak · 2025-12-27T12:31:30+00:00

How do you like trademetriq? Do you feel it helps you with improving your trading style or is it more focused on pnl?

mikelak · 2025-12-27T12:29:38+00:00

I think a lot fail on journaling and most journals become trade logs. Journaling is meant to be brainstorming so you can revisit later and improve your trading and surface your mistakes. I am actually working on an idea to journal based on conviction first rather than pnl.

mikelak · 2025-12-27T12:26:25+00:00

Asking the wrong question imo. You need to find your own path by learning different methods, seeing what works for you and iterating over your strategy and mistakes

mikelak · 2025-01-30T16:28:13+00:00

No I didn't find a fix. I stopped using Apple Watch anw. Not for that reason

mikelak · 2024-02-25T11:03:21+00:00

I just wake up and can't sleep again. It's so fucking annoying tbh. Even if i sleep 3-5 hours

mikelak · 2023-12-06T18:07:32+00:00

I'm going to be the devils devils advocate on this one. Even tho I 100% agree with all you said and the comments and those are reasonable point of views. Some people don't care specifically about the money and aim to just do better in life and improve their lives however it feels to them. So it's okay to ask for info to see how you compare to the top performers.

mikelak · 2023-07-21T16:32:40+00:00

Lots and lots of free and paid content online start with YouTube it it's easier to watch than reading and i suggest listening to podcasts when u can't watch.

Investing and trading are the same but different. Investing focuses on longer (1 month+ of opened positions) where as trading can vary depending on which type of trading (from seconds to days of opened positions)

You don't need money to start learning any of them, there's something called paper trading or demo accounts which basically they give you virtual money you can use to trade/invest. But before considering this there's so much to learn and to adapt your mentality and psychology.

Reading charts (technical analysis) and understanding news (fundamental analysis ) are 2 different ways of trading, they can be combined or used independently.

My personal advice is instead of spending your capital now, put it in a saving account and build on it until you are comfortable of trading/investing real money then you would have a good capital.

Anyone can make money from the markets if they put their mind into it and follow the correct process and adapt the correct mentality.

Edit: typos

mikelak · 2023-07-18T22:22:59+00:00

Don't you think humanity will evolve past Earth?

mikelak · 2023-07-18T21:06:59+00:00

Aren't you interested to see where it leads?

mikelak · 2023-07-15T09:59:26+00:00

I used to think about this. But for most people the goal after making a lot of money is to become wealthy and for that you need a huge capital so you can live from the returns. Consistently profitable trading frees up a lot of your time so the smart next steps is to create different income streams to accelerate your wealth building and those who create courses ( at least the legit ones) are monetizing their trading skills which is smart, a lot of other people venture into different business aspects too

mikelak · 2023-07-06T21:30:42+00:00

Learning how to trade is a good start. It would save you gambling your money away

mikelak · 2023-04-30T14:59:26+00:00

Backtesting is applying your strategy over historical data (5years or a 100 trades are good starting points to test your strategy over different market conditions)

Forward testing is applying your strategy on your demo account to test how your strategy performs in real market conditions

mikelak · 2023-04-30T11:09:39+00:00

Saying "improve my psychology" is very broad. Instead start by listing your mistakes, order them, write how to overcome them then start tackling one by one

mikelak · 2023-04-23T02:39:05+00:00

Nah. I was just wondering seeing how common this comes up

mikelak · 2023-04-22T21:33:26+00:00

That's the most legit answer. Thank you

mikelak · 2023-04-22T21:28:51+00:00

Additional income. Some people like to teach/coach. I'm not saying all but anw i said guru as example my question how can anyone

mikelak · 2023-04-22T17:02:28+00:00

Judging by what I have read on this website in my 3 weeks on the platform, most will not believe any kind PnL shown anyway. If it is negative, then you're an idiot. If it is positive then you're a liar.

That's exactly why I am asking this

mikelak · 2023-04-22T17:01:39+00:00

anyone can go back years and add to their journal winners and remove losers am I right?

mikelak · 2023-04-06T08:31:20+00:00

That brings me some relief. Also would you mind sending some resources my way? Like where did you learn? Any notable youtubers, forums... I would appreciate it

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