If doing daily report cards make sure you honestly are seeking specific weaknesses or strengths to improve on and not just placing a dent on that end of day P/L. Make sure journaling approach has proper structure and is not just green/red type of thing. #trading
First thing in journaling to do is to separate setups so that you can track difference of your performance per each setup as likely you'll be performing much better on ones vs others. Journaling system without pattern or setup segregation is already in a bad shape from get go.
The next should be using cycle or market strength as filter variable for your journaling. Over while you might notice that your performance is much better or worse in specific cycle. Then you'll need to dig deep and expand journaling to find out why, by adding more variables.
For example a trader might do poorly in weak cycle, but journaling system that expands on many points might eventually point out to trader that issue is in slow market trader is impatient and forcing trades. To find that out each step in journaling has to be done correctly.
The point of journaling is to point of obvious patterns of mistakes that trader is repeating so that proper solutions can be applied. But usually that means expanding journaling process a bit more before that real precise issue is located in root cause.
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Not knowing how market cycles work, makes every market very randomized for most traders/investors. Without knowledge on cycles or themes, the rest of trading approach will be built on weak foundations. Biggest personal mistake made in every market in early 3 years. #trading
There is very little attention going to cycles in broad #trading education, much less than it should be. Most technical analysis does not even acknowledge the existence of cycles, which makes no wonder why #traders are armed with so many random trading approaches.
Every #market has hot and cold theme. Study history to find out how much its shifting from one to other side, and try to be as accurate and detailed (as retailer can be). Your past mistakes and big losses might all of sudden make more sense, when wrong actions follow wrong cycle.