SFC Emotions Journal

This indicator is very simple, but very useful. It is designed to help traders fight their biggest enemy - emotions.

Traders can become overwhelmed by many feelings, which may lead to impulsive and irrational decision-making. Therefore, it’s key to be aware of emotions in trading, how they may affect you and keep them in check.

As traders analyse the charts every day, they should also analyse their own emotional state. The indicator is one of many techniques to analyse and control emotions.

Just as there are different technical tools for trading, traders should have different tools to boost their psychology and train their brains.

Weak psychology or emotional trading could lead to cognitive biases, impulsive decisions, and loss aversion, potentially resulting in reduced trading performance

Acknowledging and controlling emotions is crucial for successful trading, as it enables traders to make better-informed decisions and optimise their performance in the financial markets.


Some technics to control emotions :

-Mindfulness and meditation.
-Journaling
-Positive self-talk
-Taking breaks

Traders can describe 5 problems and their solutions. They can also mark whether the problem is solved or still exists. Based on the issues, there is a simple calculator of how much of the calculated risk they should take. It is only a risk recommendation as most losses are due to emotions and not wrong market direction.

For example:
If you have 5 issues to solve the indicator shows that you should take 0% Risk. It means that the odds are to loose the trade, therefore you should open very small position.

If you have solved 2 out of 5 emotions, the indicator will show 40%. If you have calculated that you can take 5% risk per trade. In reality you should only take 40% of that 5%.

How to use:
1) Write down the emotional issue;
2) Write down a solution for this issue.
3) Load the indicator and trade with it
4) Every time the market goes against you, look at the indicator and try to be resilient.
5) Every time a loss is realised or there is a hesitation - write in word/excel what happened and how you reacted.

Notes de version:

Added the principles of Mark Douglas

Notes de version:

-Added customisable Daily Routine

Notes de version:

-minor bug fixes