tabula rasa

Is it worth it to review weekly and monthly chartbooks?

Is it worth it to write them?

You bet it is.

The underlying reason these weekly reviews are of such high value is that much can happen within a week.

Even if prices move a little, the time component can change the whole technical analysis perspective.

The even higher value aspect is the necessity for a tabula rasa (clean slate).

It is surprising how consciously or subconsciously one can get biased when looking at the market.

May it be a news item, a friend's opinion, the outcome of a winning or losing trade, or so much more, it sets an undertone for one's perception and resulting behavior.

None of this is wanted in making clear decisions in engagement or abstinence from market participation.

It is absolutely imperative to come in "clean".

This mindset is not just a strategy; it's necessary for unbiased market decision-making.

A top-down approach of regularly looking at one's charts with an open mind at a quiet time each week supports such a clean slate.