Your Trading Solutions · 2011-01-05 · me confidence to move on to the next level of trading...

Journal

Your Trading Solutions

www.YourTradingSolutions.com


This Trading Journal was created to bring together some of the steps required to help you move towards reaching your trading goals. It provides you with

a framework to record your goals and then to set out the required daily action steps you need to take to achieve those goals.

This process will provide you with the awareness for continual learning and progress via a feedback loop and will help to keep you on the most direct path towards reaching your goals. In other words, you will begin to identify what keeps you on track and what works to keep you focussed and on target. Through continual use of this journal you will build an unstoppable momentum in your life. Keep focussed on your vision, celebrate even the smallest successes, be grateful and you will succeed.

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Copyright

Copyright © 2009 Your Trading Solutions Pty Ltd. All Rights Reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without prior permission from the publisher; Your Trading Solutions (www.YourTradingSolutions.com).

Disclaimer

While every attempt is made to ensure the accuracy of information contained in this publication, no liability is held by the producers or represented organisation for any loss or damage caused, directly or indirectly, by the information contained in this publication. Please also note that some of the views, opinions and comments contained within are not necessarily those held by the represented organisation.

Contact

Your Trading Solutions

PO Box 39 Mount Evelyn Vic Australia 3796

Phone: +61 3 8682 8774Fax: +61 3 8678 3034Mob: +61 400 482 653Email: [email protected]: www.YourTradingSolutions.com



Why should you bother keeping a trading journal? Very few traders keep a journal but those that do succeed. A trading journal frees you from running on autopilot and helps you make the unconscious conscious; it makes you more consciously aware of the unconscious and habitual things you do. Running on auto pilot is not such a bad thing but can only become beneficial when you have created the habits of a successful trader. Until then your current habits will only continue to bring you more of what you already have. A trading journal will help you create the habits of a successful trader. By completing this trading journal you are beginning to define you’re trading as a business not a hobby or something you “dabble in” or “have a go at”. Hobbies cost money but businesses are for making money. The discipline of daily entries into a journal will help with a disciplined approach to your trading. A trading journal provides you with the framework for continual improvement. Within a trading journal you have a feedback loop which enables you to assess what is working for you and what is not. With this feedback at hand you now have the ability to plan your day to do more of what is working and adjust that which is not. This also gives you input to refine your trading plan.

Using a trading journal keeps you focussed on your end goal as well as all the intermediate steps and goals in between. By keeping your focus on your goals and making fine adjustments through the feedback loop you are ensuring that you are taking the shortest route possible towards your goal with minimal detours. The shortest path between two points is a straight line so making use of your trading journal will hold you closely to that.

In unison with regular coaching sessions to keep you accountable for the goals you have set as well as providing much needed non judgemental support your trading has the best possible chance of success.


Introduction : Benefits and How to Use


I (Graeme Pearson) have been involved in Trading since January 2000 which was the result of being given a redundancy while working in the coal industry in October 1999. At the time I thought the situation I was in really sucked. I was in the middle of Queensland with my wife Natalie both without a job and more than 1000 kilometres from where I considered home at the time but something which has really stuck with me was the words of my boss at the time which were “in six months time your will look back and be grateful for this”. My life had already been uprooted 18 months earlier by being told to move to central Queensland to manage a coal testing laboratory or I didn’t have a job and I really didn’t see the bright side of it at the time.

Well it took a little more than 6 months but it definitely sowed some seeds and changed the direction of my life. One of the decisions I made was to never be in that situation again where somebody else had so much control over my life. This began my search for other sources of income outside a traditional job and I came across share trading. My first introduction was through a tip sheet newsletter but after a few years realised it wasn’t getting me what I wanted. I hadn’t achieved that autonomy I was seeking to be independent and in control of my life, I was relying on the recommendations and directions being provided to me. The other aspect was that the tip sheet was based on fundamental analysis which I felt I would never be able to duplicate due to this persons contacts in the industry. There were a number of times when the buy recommendations would continue to fall and a couple of recommendations actually went into administration. This had me questioning the soundness of this methodology so I began seeking other options.

I then went through a period of going to any introductory seminar or shares or investing looking for that right fit for me. This search eventually led me to a company called Trading Edge operated by David Schirmer in early 2003. The information they presented looked simple and easy to understand and apply and I went home after the introductory evening and printed charts off and got out a pencil and ruler and began applying what I had learned. The rough numbers I came up with showed that I could earn around 30% per annum following this system. This in conjunction with the system being a home study course and me making all the decisions convinced me that this was the right path to take so I purchased the Trading Edge Home Study Course - Basics of Charting package.


It’s Not About Me It’s About You

©2009 Your Trading Solutions Pty Ltd. All Rights Reserved. www.YourTradingSolutions.com©2009 Your Trading Solutions Pty Ltd. All Rights Reserved. www.YourTradingSolutions.com

I traded this system for a year and the profits payed for the course. This then gave me confidence to move on to the next level of trading course which Trading Edge offered being the Advanced or Professional traders workshop. My results over the next year were mixed with some highs and lows and I was still struggling with my discipline and being able to get consistent results. It wasn’t until I found another piece of the puzzle. Well it was actually my wife Nat who found the piece for me when she bought me a ticket to attend The Science of Getting Rich seminar presented by David Schirmer. Getting my mindset right was the last thing I needed to achieve my goal and within 12 months of attending the seminar I had handed in my resignation and my earnings through trading had reached four times my salary as an engineer. From this I came to realise what it meant when people had written that trading was 80% psychology or mindset and 20% methodology.

I have been a professional trader since March 2006 and that has brought its own challenges. During that period while having a lot more time on my hands for reflection I came to realise that although I had now reached my goal of financial independence there was still something missing. I found that I gained great pleasure out of helping others and in particular when that help involved trading. It was then I decided to combine my passion and purpose and pursue trading coaching as a way to gain further fulfilment in my life. This first led me to obtaining some NLP (Neuro Linguistic Programming) training and also completing a couple of coaching courses.

So that is me in a nutshell (help! help! I’m in a nutshell) combining mindset and methodology to help traders become the best trader they can be.


Yes, book me in for 15 sessions of coaching with 3 FREE Sessions included for at an investment of just $200/session. (Total investment $3,000 payment up front ..... You SAVE $840.00) $

Yes, book me in for 13 sessions of coaching payment plan option with1 FREE Sessions included for at an investment of just $230/session. (Total investment $3,000, in 6 easy payment ..... You SAVE $280.00)

Send me your Super Trading report valued at $97.00 called “How To Trade Successfully” and an electronic trading journal for FREE.

F A X B A C KG et 3 Ex tra S essions FREE. . . . . . S ave $840*

To : Graeme Pearson

Fax: +613 8678 3034

3 Easy ways to get started: 1. Fax this completed form back immediately. 2. Mail this completed form back to my address below. 3. Send me an email now: [email protected]

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Address P/Code

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E-mail

I have enclosed a cheque/money order or debit my credit card for $ (amount)

VISA/Master card/AMEX Exp. Date:Cardholders signature Card Valadation Number

(last 3 digits printed on the reverse of card)

Your Trading Solutions• Address: PO Box 39 Mount Evelyn Vic Australia 3796• Phone: +61 3 8682 8774 • Fax: +61 3 8678 3034 • Mob: +61 400 482 653• Email: [email protected] • Web: www.YourTradingSolutions.com


It all starts with knowing what you want. These sections are in the front as they are the most important in creating strong foundations for achieving

your goals.

The first building blocks are working out what you want in some key areas of your life. It is important to consider all areas as you want to maintain a good life balance and create a full and rich life. Some people find it easy to state what they don’t want in their life. If this is the case then just switch it to state what you do want. Dare to dream big! Don’t just settle for what you think you can achieve as that will not create much personal growth. By creating a goal that you don’t know how to achieve you will need to change into the person you need to be to be able to do the things you want to do in order to have the things you want to have.

Knowing What You Want

make a wish.. .


Trading Goals

Health Goals

Family/Relationship Goals



Financial/Career Goals

Personal Growth/Contribution Goals

Spiritual Goals



After you have completed the goals for the key areas of your life spend some time creating a rich tapestry of your ideal life. This is the big picture vision

of exactly how you want your life to be in clear and concise detail. Include as many of the senses as possible and lots of emotion. Write this out as if you have already achieved all that you set out to including the emotions you would experience having all you desire.

There are thirty pages set out to complete this activity as it is intended for you to complete this exercise every day for thirty days in a row. This process aids in re-programming or conditioning your unconscious mind. You currently have what is known as a neural pathway linked in a particular network in your brain and nervous system creating the program you are currently running to get the results you currently have. As a simplified explanation we are creating a new vision for our lives and linking emotion with that vision because that is how our mind sorts things and by repeating the process to make the new neural pathway strong so that they become our habitual thoughts.

Create a Compelling Future


If you think education is expensive, try ignorance..~ Derek Bok

Day 1

©2009 Your Trading Solutions Pty Ltd. All Rights Reserved. www.YourTradingSolutions.comIt is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change

~ Charles Darwin

Day 2


In this game, the market has to keep pitching, but you don’t have to swing.You can stand there with the bat on your shoulder for six months until you get a fat pitch.

~ Warren Buffett

Day 3


If you take emotion - would be, could be, should be - out of it, and look at what is, and quantify it, I think you have a big advantage over most human beings

~ John W. Henry

Day 4


Money management is the true survival key~ Bill Dunn

Day 5


Men’s expectations manifest in trends~ John W. Henry

Day 6


Confidence comes from success, to be sure, but it can also come from recognising that a lot of carefully examined failures are themselves one path to success

~ Denise Shekerjian

Day 7


What do you say to people who claim they have no idea what they want? I tell them they are lying.~ Dr. Robert Anthony

Day 8


Until you make the unconscious conscious, it will direct your life, and you call it fate.~ Carl Jung

Day 9

©2009 Your Trading Solutions Pty Ltd. All Rights Reserved. www.YourTradingSolutions.comWe don’t see things as they are. We see things as we are.

~ Anais Nin

Day 10


You don’t get any profits from fundamental analysis; you get profit from buying and selling. So why stick with the appearance when you can go right to the reality of price and analyse it better?

~ Richard Dennis

Day 11


You must have the discipline to know that markets change and poor periods are followed by good periods. Longevity in this business-I have seen it again and again-is measured by discipline.

~John W. Henry

Day 12

©2009 Your Trading Solutions Pty Ltd. All Rights Reserved. www.YourTradingSolutions.comThere are two kinds of people who lose money: those who know nothing and those who know everything.

~ Robert Lenzner

Day 13


Blaming derivatives for financial losses is akin to blaming cars for drunk driving fatalities.~ Christopher L. Culp

Day 14


Knowing others is wisdom; Knowing the self is enlightenment. Mastering others requires force; Mastering self needs strength.

~ Lao Tsu

Day 15


What feels good is often the wrong thing to so. ~ William Eckhardt

Day 16


Anyone with an average intelligence can learn to trade. This is not rocket science.~ William Eckhardt

Day 17


Reality is merely an illusion, albeit a very persistent one.~ Albert Einstein

Day 18


If you can’t measure it, you probably can’t manage it…Things you measure tend to improve~ Ed Seykota

Day 19


I have no special talents. I am only passionately curious.~ Albert Einstein

Day 20


Day 21

If you take emotion - would be, could be, should be - out of it, and look at what is, and quantify it, I think you have a big advantage over most human beings

~ John W. Henry


Day 22

The four most expensive words in the English language are “this time it’s different”.~ Sir John Templeton


Day 23

Life is a school of probability~ Walter Bagehot


Day 24

Prosperity is the ability to do what you want to do at the instant you want to do it.~ Raymond Charles Barker


Day 25

The criterion of truth is that it works even if nobody is prepared to acknowledge it~ Ludwig von Mises


Day 26

Losing an illusion makes you wiser than finding a truth.~Ludwig Borne


Day 27

Life is too dynamic to remain static.~John W. Henry


Day 28

Success demands singleness of purpose.~ Vince Lombardi


Day 29

The truth of a theory is in your mind, not in your eyes.~ Albert Einstein


Day 30

The nature of life is to trend. The nature of life is to trend.~ John W. Henry


With your ideal life in mind, you can now break your vision down into long term, medium term and short term goals. As a rough guideline you can

work on short being 1-6 months, medium as 6 months to 1 year and long term as 1-3 years. Of course you can use whatever time frames suit you the best but the main intention is to break down your goal into more manageable chunks. The approach to take is to think about what you need to have achieved in 3 years time to be on target to reaching your ideal vision.

Then with that picture in mind what do you need to have accomplished in 1 years time to be on track for the long term goal. Following the same methodology you then work out what needs to be completed at the short term milestone of say 3 months to be on the mark for your 1 year goal. You are then ready to use this information to plan your daily actions.

Set Some Guideposts along the Way


Long Term Goals



Medium Term Goals



Short Term Goals







To : Graeme Pearson

Fax: +613 8678 3034


Name

Address P/Code

Phone (hm) (wk) FAX

E-mail






The next exercise is the gratitude section. This brings our focus back to what is already working in our lives to enable us to gain more of that. We quite

often fall into the trap of only seeing what isn’t working in our lives and maintain our focus on that which will only brings more of that into our lives.

Gratitude can help you create happiness in your life with whatever you already have. Once you have completed this exercise it is a good idea to read it daily to maintain that consistent level of gratitude and focus on the good things.

Become Rich in Life Now


What I am Grateful for in my Life


Daily Gratitude

Time Appointment

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Daily Appointments and Schedule Date

Five things I must do to get me closer to my major focus/ideal life: What did I learn from yesterday?

What did I do well?

What could I do better?

What drained my energy?

What boosted my energy?

Goals and Objectives Short Medium Long

1. See yourself achieving your goals

2. Imagine how you will feel achieving these goals

3. Realise that achieving these goals will ultimately lead you to your ideal major focus/life goals

Today’s Trades Do they meet my trading plan? Yes No

How am I feeling today?

[email protected]

www.YourTradingSolutions.com©2009 Your Trading Solutions Pty Ltd. All Rights Reserved.

The last exercise is to list the qualities of a successful trader. The purpose of this is to use the process of modelling to help develop the traits of a successful

trader. You can then start the first step of the act-be-do-have process.

Act the way you need to act to become the person you want to be, to do the things you want to do in order to have the things you want to have. I think Cary Grant used this process as he made the statement that “I acted like Cary Grant until I became him”. Enjoy your discoveries and your growth towards becoming a successful trader.

Act As If

Daily Gratitude

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Daily Appointments and Schedule DateQualities of a Successful Trader



What did I do well?










[email protected]



Daily Gratitude

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If you want a guarantee, buy a toaster.~ Clint Eastwood