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Happy Sunday! Here are a few of the things that I've been doing or learning about over the last week. I hope you enjoy.

The 17-Minute Rule

A friend recently told me something interesting. He said, "If you do something for 17 minutes per day, you'll log over 100 hours per year"

Crazy, right? 

All it takes is 17 minutes per day. 17 minutes of exercise. 17 minutes learning a new language. 17 minutes developing a new work skill.

If you do that, it'll amount to 103.41 hours per year.

Just think about how much you can accomplish or learn if you put in 103.41 hours of work per year.

For me, the 17-minute rule is a great reminder that small, consistent efforts can lead to big achievements.

Daily Journaling

For the last month, I have been journaling each morning and I'm starting to see why so many people recommend it.

Daily journaling has helped me gain clarity about my goals and my fears. It's given me time to analyze what I'm doing well and what's not working. It's forced me to assess how I'm doing as a dad, husband, entrepreneur, and investor. It has helped me snap out of bad moods that might otherwise carry on for the entire day. And surprisingly, it's helped me become a better writer and a faster thinker too.

It's a habit that I'd recommend for everyone.

And the cool part is that you can journal about whatever you want. If you want to use your journal to document your life, you can do that. If you want to journal about your goals or fears, you can do that. If you want to journal about something that you're learning, to gain a deeper understanding, you can do that. It's completely up to you. 

For me personally, I spend 10-20 minutes every morning journaling; using it as a way to think deeply - usually about how I can become a better person. Then I end it by writing down a single goal that I want to focus on for that day.

Day Trading Education: Price Action & Trend Identification

My day-trading obsession continues. This last week, I've been trying to get better at reading price action on the charts and I'm also trying to get better at identifying the trend so that I can trade with the trend rather than against it (easier said than done).

Trading Decoded is a YouTube channel that has helped a ton with these efforts.

If you're just getting started, this playlist is great. My favorite video so far has been his "How I Trade SPY Options" video. In it, he does an excellent job of explaining how he identifies entry and exit points and how he manages his risk. 

After you get an understanding of how he trades, I'd recommend binge-watching his "How I Traded SPY Today" videos. Each day, he produces one of these videos where he goes through that day's chart, candle by candle, and explains what he was seeing, where he bought, and where he sold.

These videos have been more helpful than anything else in terms of understanding price action and learning how to trade with a high probability of success. 

And here are two other videos that I found helpful for understanding price action and candlestick patterns:

Best Candlestick Patterns (That Work)

15 Best Price Action Strategies After 15 Years of Trading

That's it for this week. I hope you've learned something today that will make your life a little bit better. See ya next week!

- Eric