Traders Roundtable: six tangible benefits of reflective journaling
With reflective learning, we examine our feelings and responses and then we look at how we act upon this newfound knowledge improving our self awareness and self-consciousness. Reflective journaling, them helps us to develop at to different levels simultaneously.
this growth and self awareness of self consciousness is important to the trader, because the individual psychology of the trader is such an important component of almost every kind of trading system. A shorter term your trading system operates in, the more important your psychology becomes. Reflective learning, therefore is an important component of building your traders toolkit.
Reflective journaling is a powerful technique for improving your reflective learning.
Here are six tangible benefits you can expect to achieve:
- Your focus and attention will improve. Concentration and attention are important qualities of good traders.
- You will refine your beliefs and develop an inquiring mind. Knowing your beliefs explicit label improve your ability to select trading systems that fit you.
- You will exercise both your creative and critical thinking skills. You need to be creative to come up with new trading ideas, and then critical in order to find weak spots and blind spots and leverage points.
- You will improve your discipline. Discipline will help you survive difficult times as a trader and will give you the strength of will to continue to execute under conditions of uncertainty.
- You will learn to act on evidence that has been weighed and measures. Adopting a scientific frame of mind will help you eliminate emotions from your trading where they are harmful and what you focus on results instead.
- You will be growing your body of knowledge. There’s no substitute for broad experience in the markets; you need diverse vacationing your portfolio and in your professional knowledge.
- You will learn to make more and more distinctions. one of the definitions of intelligence is the ability to make more and more distinctions between concepts, context and situations.
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