Always keep a playing journal and plan your game

A playing journal is an essential tool for any serious player who wishes to make money. Many players know its value but very few actually put it into practice. The ones that do write in a journal are the players that are most often successful.

A disciplined player is a profitable trader, and keeping a playing journal is the first step to building your discipline. This might sound simple or easy but I assure you that to actually get started can be very difficult. In fact many players give up after a while and rely on what other players are doing.

A playing journal is not only about writing in the points of your entry and exit and the time you executed the game. The playing journal is also about psychology, more specific it is about your individual emotional psychology before, during and after the game.
For example, you decided to join an investment project called xyz.com and based on your playing plan you went long. This despite of the fact that your gut feeling told you that the investment project is not going to work. Still you followed your playing plan, half way through the game the cycle comes to about a few dollars away from your break even point and you decided to exit the investment project. So you quit the game. A few moments later the xyz resumes to your original withdraw target. Had you stayed in the game you would get back your initial capital and have made an X amount of profits.

The information presented above is to help you write your journal. This is a classic case that probably happen a couple of times a week for most players. We fail to stay in the game, we fail to play the plan and most of all we fail to distance our emotions from our playing. Give yourself a couple of these sorts of games and we assure you, you will be seeing a big zero in your account soon.

Your playing journal will assist you to prevent and to cure yourself of these bad habits. How that happens is that you record in everything you feel and do. From before the game, to during the game and after the game had been completed. It is not difficult to keep a playing journal; you just got to remember some points.

- Everything goes in nothing is left out

- Pay attention to your emotions when you write

- Do not be embarrassed, you are the only person who will read your journal so be honest

- Did we mention that you have to be honest and write everything inside, if you walked off to grab a beer, write that down and write why?

- Nothing is too silly to record inside your journal.

- Always begin the journal before the game, and end it after the game.

If you have ever played at any game of chance you would realize that sometimes you seem to be on a wining streak. Luck seems to be your best friend and everything you do makes you more money. This is where the player has a temporary advantage over the investment project world and the probability of success becomes higher than normal.

A good playing plan can help you sky rocket your profits. Likewise a poorly thought out plan will hamper you and at serious cases make you lose all your money. A playing plan can be based on a number of analysis such as the statistics, the situation of the investment project whether the website works fine all the time, the admin remains communicate well with the members all the time, non existence of fake paid posters and cheerleaders and others.

Another important thing in your playing plan is money management. Money management is essentially a defensive position that seeks to protect the player’s fund before seeking any profits. While this might seem counter productive to many newbie players, take a moment to consider the implications. If your account keep s on losing money, ever new game you engage in means that your initial capital size becomes smaller and thus your earning power weakens. But if you protect your account and go for smaller gains, over a period of time you compound your profits, thus growing your money steadily. The successful players all use money management rules and we would suggest you follow in their footsteps.

The next area to look at in your playing plan is your set up. Your set up tells you when you have a temporary advantage over the investment project world. It does not mean that your set up is always correct; there will be times that you will lose no matter what happens. That’s why you need good money management techniques. A good set up should comprise all of your research and technique analysis. There are players who rely on just one analysis type and have had great success with that. Still if you have all the information why not use them to increase your chances of success?

A playing plan will help you spot possible long live investment projects and usually shines when you use it to decide your entry and exit investment project points. As analysis is deals with cycle actions and based on the premise that history repeats itself, we can estimate the next time the investment project will react in a set manner based on study of past cycle actions.

A good playing plan comprises all these elements and if one is missing, the plan will not be whole. Prepare your playing plan then get started, play your plan and take all games as they come. This way you will earn more profits over time.