TRADING JOURNAL
A trading journal is a powerful tool meant to help become a profitable and stronger trader. Essentially, it is a written record of what happened during a trade.
1. Follow THE rules
- Take only high quality trades (Ratio 1:3, be patient)
- Follow Smart Money and Supply/Demand zones
- Buy only at resistance / sell at resistance
- After three losses, stop trading
2. AVOID mistakes
- Do not chase the price
- Stay patient (wait for pullbacks)
- Max 10 trades a day
- Max loss a day 30 USD
- You are Manager of your trade and Market is your boss
28/03/2022 – 01/04/2022
Comments
- This week i kept open three trades on the crypto market and all over earn money on that.
- BITCOIN – On binance i earned 5.000 USD and then lost 50% of my gains because of overleverage and buy dips which was a mistake. I had also open short trade which was correct but i closed it too early and started buying. From 5000 gain down to 2500 gain. Which is still gain so congrats! I keep 0.14 bitcoin and want to double it as soon as possible. On ascendex my bitcoin trade got me 1500 USD profit so fantastic! I did not use anything here.
- PORTFINANCE – i had 10.000 open interest and could do on this quickly 4.000 USD when i would open sell 2x higher which was 1.2 USD, i bought at 0.6. However i was greedy and sold afterwards at 0.65 and earned 400 USD. Kurwa 😀
- My general comment is also that i find crypto trading as the most rewarding me. I cannot find any other place like that to win money. This is the only place i have actually the biggest probability of earning money.
4. Weekly summary
- I left open trades running, i am proud off, huge progress.
- i have listen to analysis in the meantime and wonder what to do so it was not emotional step that much.
- I allow to lost half of my profits on bitcoin Binance because of amateur easy mistakes – overtrade which is even not overtrade. I think the real reason was i did not treat market seriously as a professional market place.
- I was to greedy on port finance and lost oportunity of earning 4.000 USD within a week, my salary.
PROCESS
It was moderate week when i performed relatively well until the end of the week when market started pull back. Instead of taking a break and wait i started trade this shit and lost gains. I did not like shitty overtrading and being greedy, so these are two things i need to focus on. Also most important info i want to share is i want to trade crypto. I am 100% crypto trader. This is the place where my probability win-loss ratio overall is the best.
MONEY
This week i have closed positions with total profit of ~4.000 USD which is very good news.
