I love when my trading journal makes me money.
Or, in this case, saves me from losing it.
Theres tons of opportunities to trade out there, but not all opportunities are created equal
⚖️
I used to focus on trading the coins that had tons of action with wild swings in price
New exchange listings, the hype coin of the week, those kinds of things.
The potential to win big, and quickly, is definitely there. 🎯
But I found I wasnt hitting those wins often enough.
Instead, I was hitting my stop loss more than normal.
Looking back at my journal, it was because I would get impatient and buy quickly instead of waiting for a better entry.
Then Id get shook out right before the price jumps up. 🍃
The evidence was clear.
From there its just a matter of tweaking strategy to optimize performance.
What has your trading journal taught you?
In my experience on doing trade I never use trading journal though its not bad habit for a traders.
Just for what I did most often is when more traders are active to buy in the market, I will also do the same thing especially if the
volume is getting increase. Then, if ever I get earn more than 25% I sell it at once.