Monthly Market Journal Template
A monthly journal turns scattered observations into a learning loop. I use it to separate process quality from short-term outcomes.
Market context
I start with the broad environment: rates, liquidity, earnings expectations, crypto liquidity, major narratives, and any policy or macro events that affected risk appetite.
The goal is not to predict the next month. It is to understand the conditions in which current positions are operating.
Portfolio review
I review each meaningful position and ask whether the thesis improved, weakened, or stayed the same. Price movement alone is not enough to change the answer.
If a position grew too large because of performance, I review whether the risk is still acceptable.
Lessons and next actions
The final section is short: what did I learn, what should I stop doing, and what should I research next?
A good journal should create better questions, not just stronger opinions.