okay so as I was saying I get asked all the time cotton to use a journal I don't use a journal because I think statistics are pointless when it comes to just a blanket raw stat sheet that says I'm profitable yes I'm profitable no this to me always seemed highly flawed just because if I had the stat sheet saying that I had 20% good trades like what is that what does that help me if I have all of a sudden 55% good trades yes I know I'm getting better but that that that's fine that'll be reflected in my count having that knowledge doesn't actually do anything proactive for me to make me better just by saying hey I'm you know 60% profitable this month good job keep it up keep what up right so something I do is I create um a journal in trading and I did this way back when when I was first learning and I almost like think of it as 40 pages in a journal and every single page um each each one of those pages is its own topic so page one might be ranges page two might be um hold levels page three might be break levels page four might be reverse levels page five might be floats and Etc and and you the goal is to create as many pages as possible and need to have a book of 40 things and to create kind of these 40 pages now inside of each of those pages you would then record stats on those specific things so if I went on the charts and I was going to buy a whole level um I would Define which whole level makes the most sense now so even if I was doing this right now I'd be like my time frames and I'd say okay you got a 4 hour here and that's tested so you're going to be on this one next and that's tested so maybe be here next so we got kind of like one little scenario of what a reverse level might be so now this is a little different reverse level let's go to our hourly you've got that there do we have anything else we have a 15 so you'd be like right here polarity on the Move actually ends up hitting the backside so that's fine so this is your 15minute level no big deal everything is pretty straightforward so far so so now you're doing one of two things you're either going to reverse the move which is probably unlikely or you're going to probably go test backside front side combo hold level you got some kind of um combination of levels that you're going to test right like you you back tested this 15 and held it you back tested this backside elded now it's like you're kind of somewhere in here so so what you want to do and we can start to delete these other lines we don't really need them um so now what you want to do is you want to kind of create that in that book you have oh a hold level and you take that trade 10 times so what you do is you create 40 different pages 40 different things if I was going to buy the origin level I would be looking at it I'd be like okay here's the origin level this is uh the one I'm going to buy right so you have to kind of make a choice between what you're going to buy on these charts but also if you're if you're deciding the uh origin level you have to say like okay here's one trade on the origin level let's take it what was our outcome here's one trade on the hold levels let's take it what was our outcome and if you do this across 40 different pages it's doing a couple things for you number one is it's showing you where you're strong and weak so from an educational standpoint it's showing you you would separate these into two piles by the way when you're done um pile A and pile B so you've got all these 40 different types of of things you're buying from range Trends to Legacy Trends to local interior Global all everything right like every every single type and you'd separate them into two piles the pile of Statistics that had good trades like above 50% and bad traes below 50% so you're left with two piles and this is really cool because you now have the choice and the option to say is making money more important to me now or is becoming a better Trader more important to me now so then it gives you the power to to kind of focus on one thing CU you can't really make more money while becoming a better Trader while increasing like you you can't because if you're trying to make profits you're doing it in spots that are you know safe and reliable and and you know where to trade them um yeah just to touch on this I think I would go a little maybe maybe 416 here what's the difference in price 423 416 ah so the Gap is too big maybe just go for the body of the move and not this uh not this backside you just go for the body of the move right down here we'll leave both of them on but that's fine you you'd go for the body here not the backside um so you end up with two two piles right like above 40 or above 50% and Below 50% so so in these two piles then you have the ability to say what's more important making money right now or um becoming a better Trader because I don't think you can do both at once making money you're not sitting there focusing on the educational standpoint so the fear of failure video where I had um you know tell told people take a th000 trades take a th000 trades with $1 and see what you're doing like see how good you are the followup to that would be start breaking those down into subcategories the the purpose of a thousand trades is to just get yourself better at TA now you need to take that a step further and say where do I um make my improvements right like am I able to go and make a certain amount of money right now and that's the most important to me yes um if that's the case you would take your top 50% winners like pile A which is like the ones that you're above 50% on you would take those and you would start creating micro strategies around them so we'll get into that a little bit after I explain the the two different ways that this system can help but you would you would start saying like Okay look our origin levels I have above 50% success ratio um this is what I need to focus on is Origins because I'm really good at them and and I need to make money so then you know you you can start varying the quality of Trades you're getting into on the other side of it where you're saying where your priority isn't hey I need to make money it's oh I actually want to become a better Trader then you can take your pile of losers the other pile the neglected pile and say okay these are the things I need to study because like look floating levels I was one in 10 I only had one successful trade out of 10 so my success rate is 90% so like I should never never be playing float levels um when I'm charting and I actually need to learn more about them and then redo the sample of 10 trades so then you would go and you take that and you'd pick one topic and you'd say oh float levels let me learn about float levels and take my 10 trades on floating levels again so this kind of creates like a really cool thing where you it kind of gives you the power to say do I want to make money if so yes this is the pile I use do I want to get better as a Trader if so yes I use the other pile right so it's really cool because then you have like this journal people think of trading journal and they just you know like oh this month I'm 30% profitable on next month I'm 40 but like how does this help make you better in any way because you don't know where like what's causing this result you don't know how you're getting to that point you don't know if if you're going to just Plateau at 40 well what if you plateau at 40 how do you get to 50 I don't know it just went from 30 to 40 all of a sudden I was just better like this doesn't really help you so it can't help you become a better Trader and it can't make you more profitable rather it's kind of just this glorified pat on the back saying hey I'm getting better but this should be this should be the result we expect over time is to go up even if it's 30% and then the next month it's 31 and then 3 months later it's 32 and then 33 at least we're moving in the in the correct direction you understand so like there's no like I don't really see a benefit in just having a trading journal that tells me hey you're doing better good job but what I do see a benefit in and what I always have is a trading journal where I can Mark specific information have stats around that information so it can show me hey I'm really good at origin levels I was like N9 out of 10 on Origin levels or eight out of 10 I should be like playing my origin levels constantly so that's like kind of the overview of the approach of like how and why I would use a journal to make myself better which is the follow-up which is kind of the stage you're in right now it's kind of that stage where you're where you've been doing this for a while now and it's time to start really cracking down you've got your whole entire uh knowledge base well-rounded you understand things there should be a point that you get to at some time or at least right now you should be able to say like I understand you know 60 or 70 or maybe even 80% of everything that happens on the charts am I perfect no but but really um if you understand more than 30% or 25 or 30 you should be profitable and at 50% you should highly profitable so you know if you can if you can understand like 60 or 70 or 80% of the charts like you're really poised in a position where youve spent your time to do your education you're now practicing trading and you need to kind of have a way to move forward in your career not just feel like you know the chart are good and just say like they're good but I'm not making money yet well there's something wrong there right so so this is what it is this is where you have to kind of create a system and that's what I'm going to talk about now is like creating creating like almost like micro strategies that work for you so in your Journal you're going to notice after doing all of these trades and all of that you're going to notice like what's working for you and what's not so then uh here let me just put