How does “document your journey” make you more productive?
Got a note from my friend Mark Harbert this morning about his blog post: 27 Productivity Hacks To Get More Done While In Quarantine…
Well, this is something we all need to know, right?
What got my attention is
Hack #21: Document Your Journey on Facebook, a Blog, or a YouTube Channel
Few things keep you more motivated to be productive than to commit publicly to your goals.
When you document your journey on Facebook, a Blog or YouTube not only are you going to gain and engage with your audience as you go…you’re essentially publicly committing to your goals.
Which means you’ve got to be productive to achieve what you say you’re going to achieve publicly.
Well, I have been talking with a few of my Facebook friends about how I am earning income from home during this quarantine, so it’s time to follow Mark’s recommendation here.
Now why would I want to document my journey?
Two reasons:
- Let my friends know what I am doing, especially if it would help them in their current situation
- More importantly, it would hold me accountable to myself.
We all have a tendency to forgive ourselves when we slack off, and accept our own excuses.
No-one else will ever know, right?
Well here goes, the good, the bad, the ugly….
Document your journey Ron, go ahead….
Well last week, I have a good FOREX training week, raised my account $18.56%
Now that compares very favorably with the interest on your bank, your CDs, your stocks (OMG, let’s not talk stocks, I don’t want anyone throwing up)
Fessing up, I had an off week previously, so some of last week just made up for that.
Let’s talk about today! 
The photo on the right is two screen shots from my phone.
This is from my trading app which shows how many pips I made or lost in trading today.
This is the “naked truth”
Trades were not setting up as normal due to the crazy market, so today I scalped for a few short trades.
The good news – the total of trades won and trades lost gave me a total of 41 PIPS in profit.
What is a PIP you might ask.
From Investopedia:
What Is a Pip?
Pip is an acronym for “percentage in point”. A pip is the smallest price move that an exchange rate can make based on forex market convention. Most currency pairs are priced out to four decimal places and the pip change is the last (fourth) decimal point. A pip is thus equivalent to 1/100 of 1% or one basis point.
If the above sounds like Greek, it means if you have $1000 in your account, a PIP can be around a dollar depending on your lot size and the actual currency pair.
Well today I blanked out the figures on the right side above as we are not allowed to show dollars, but my results for today were a 4.3% increase in my trading account.
If you look carefully, you would see I had a couple of higher losses (28 and 35 pips).
So what did I learn from that?
When scalping (which I do infrequently), close out losing trades sooner and stay longer in profitable trades. If I had done that, I would have more than doubled my profit today.
I don’t always trade 5 days a week due to other commitments, although it certainly is not time consuming. It’s not like I have to sit in front of my computer all day….
Now, how will “Document Your Journey” work for me going forward?
Well I will feel better about reporting better results than those two lost trades above, so this will motivate me to become more disciplined, right?
So check in with me regularly to see how I am doing, and keep me honest….. well, accountable really.
And why do we track daily percentages?
I have learned that if one is to start with $100, and increase their account by 3% a day by trading 5 days a week, they would have grown their account to $120,000.00 – reminds me of doubling a penny. Now, that doesn’t mean that everyone trades 5 days a week or gets three percent every day but it give you the idea of what is possible. Maybe explains why one of our team members quit his job after 8 months?
So again, keep an eye on my progress and hold be accountable — thanks!
And if you want to learn about our 7 day trial, go to dreamroper.org and check it out.
Have a blessed day and keep safe and virus-free!
Ron
Ron McLean, the Dream Roper, helping YOU Lasso Your Dreams
text/cell: 864-404-6696
Schedule a call – ronmclean.biz
PS: Want to learn more about your options? Feel free to download my ebook The 12 Months to Retirement Action Plan at dreamroper.com/12months