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?
I wake up this morning to review my positions in the market and I was happy to learning that there was a trade I was to close on Sunday because bitcoin was going up against usdtq that I was holding but through my trading journal I have learned that bitcoin has been volatile and it might lose against usdt very soon and that happens this morning as my position is now in good profits.