Unless you have a narcissistic urge to prove to others how you perform you don't need a journal to prove anything to yourself, your broker pnl tells the whole story. Just saying that creating a journal for that reason alone is probably not the best motivation to start and maintain a journal.
I find joy in, being able to ,,travel back in time'' and to read my own posts. Bad days. Good days. This wish to prove yourself or a desire to compete, to compere your own performance with others, probably, 90% of us have it. Nothing too bad with it. Were humans after all. Yet, if the journal's data is fake, then that is a truly a low level. Be it for validation or to expand your YT channel : https://www.elitetrader.com/et/threads/price-action-algo-trading-paat-system-journals.365350/
Started this thread on a Saturday morning when all things seemed possible. Forgot that starting threads here puts your Chin out there and there's plenty here who delight in hitting it - anyone seen FJ lately. Not really a Trading environment for a part time Swing Trader. Shorts are short term and it looks like being Chop with a tendency to the downside. Inflation not coming down due to RBAs incompetence, thus Interest Rates to keep rising. BHP anyone?
FCK. OK, now Dest is in my Journal, I sense impending trouble. When I was buying BEAR or BBOZ I was only holding holding them a few days. They aren't designed for long term holding. If they were I'd be holding BEAR now.
This isn't another arse kicking thread Boyz. If I want that I can slam my own Balls in my Car door thanks. I knew Nobert was up to no good when he bumped this thread!
I was going to suggest that if you have access to weekly options you could trade synthetic directional synthetic straddles in the position, provided that your avg-hold was long enough. Vol-corr // sticky-delta up; stick strike // skew down.
OK, But I haven't a clue about Options. But I did see your recommendation to read Hull awhile ago. So thanks for that.
LOL we are not the US Dest, in the land of OZ we have the main index and the top five stocks with tradable options. But good suggestion though.