Definitely true, but sometimes the lack of sane tooling makes it harder to follow rituals. I used to use the same format as the OP in a text editor, but struggled with the daily grind of copying items around and carrying over todos from the last day. Paper is much better for this, but messy (even with scanning).

In the end I wrote a small tool to assist with starting each day with a blank journal and all remaining items from the last day. Syntax is primarily markdown. Everything stays in a single text file.

https://github.com/coezbek/rodo