Direct from the desk of Dane Williams.
When I first sat down at my desk this morning, I had it in my mind that I wanted to be short the SPI200 and the S&P500.
God Dane, what the fuck is wrong with you? You know that stocks only go up!
"Trump! Trump! Trump!" - Right, @trumpman?
After once again failing to make money the last time I tried to short the S&P 500, I've somewhat learnt my lesson.
So don't worry team, I'm not going to go down that path again today and instead pivot today's blog a little bit.
Using Your LeoFinance Blog as a Trading Journal
Before I came to LeoFinance, my journaling and trade review system was sporadic at best.
Most of the time I just straight up couldn't be bothered, because the benefits were initially hard to see.
I knew that I needed to journal my trading and more importantly the psych behind the setups, but found it so hard to maintain.
Enter LeoFinance.
Advantages of using LeoFinance to Journal your Trades
- You get paid: Extra motivation is always nice.
- You're held accountable: The community will let you know if you're a fool if you can't see it yourself.
- It's social: LeoFinance is a social finance and trading community after all.
The bottom line is that If you can't convince yourself of a setup when you start writing, then you definitely shouldn't be taking the trade!
Just take today's stupid indices shorts that I decided to let slide because I couldn't come up with the words or charts to show why I should take the trade.
Best of probabilities to you,
Dane.
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