Has anyone used this for journaling their crypto trades?

batang_bitcoin

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Are you guys journaling your trades? Roll Eyes

Quote from: Volimack on April 30, 2024, 09:25:24 PM

Along with keeping everything to yourself, keeping a trading journal has many benefits a trading journal helps you keep track of your trades and trading progress and helps you become a more efficient trader by learning where you do well and where you do less well and mistakes are easily caught. This way you can focus on what you are best at and see where you need to grow. It provides a safe personal space for expressing emotions dealing with challenging situations and expressing suppressed feelings.

While that's true, but most of the traders that I know including myself just use a spreadsheet for most of it. I haven't used the one indicated by OP but if any software or app that's helpful for your trades and keeping of track, you should continue using that to see your progress and if you're doing good or not.

Volimack

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Along with keeping everything to yourself, keeping a trading journal has many benefits a trading journal helps you keep track of your trades and trading progress and helps you become a more efficient trader by learning where you do well and where you do less well and mistakes are easily caught. This way you can focus on what you are best at and see where you need to grow. It provides a safe personal space for expressing emotions dealing with challenging situations and expressing suppressed feelings.

Natsuu

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Quote from: Assface16678 on April 26, 2024, 06:22:32 PM

Well, I do my own journaling or every trade that I do I write it or record it in my spreadsheet or excel, I've created an excel spreadsheet so that I could record and track all of my trade history, yes there are easy journaling website or software out there, but I'm more comfortable on using my own excel that I have created and it is more convenient for me as I'm the one who build it

But still there is an advantage for journaling with external softwares and apps like Tradezella and for backtesting would be TraderCasa. What's good thing is that there's a market replay of the chart of every trade. So you can really investigate every trade you take every for the whole trading week even it's in lower time frame.

Journaling would have a great benefit because you can evaluate your trading. Which trades should not be taken, which traded should be traded with bigger and smaller lot size position. And best of all, your journal is better than any paid courses because it's your own study of the market.

Assface16678

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Well, I do my own journaling or every trade that I do I write it or record it in my spreadsheet or excel, I've created an excel spreadsheet so that I could record and track all of my trade history, yes there are easy journaling website or software out there, but I'm more comfortable on using my own excel that I have created and it is more convenient for me as I'm the one who build it, so if you can do a simple excel or anything that you can record your trades or what then you should do one that will be suitable for you because I think it is more safer than using others journaling software or website. Anyway we all have different preferences if for others theh already have journaling then its fine bur for those who can make their own then do so, so that it will be more convenient for you.

Friedbert

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yes I have and if you havent started journalising your crypto trades you should it basicaly keeping track of all the trades you take there is nothing complicated

Jeremy-Whites

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Back, as i said few weeks ago, ill write back after a while. So far I've been using it for about 2 weeks. Decided to start a new and avoid past trades. Ticks many of my needs right, and once you get some data going into the journal the statistical functionalites do help a lot. The link between your strategy and actual trades and % of how close you are following your rules is really a gem for me. Turns out I'm way off of my strategy from what I would have normally considered, and I've already made some fixes to my entries. The emotion meter, while interesting at first is not that helpful for personal assessment but I've never really had a problem with keeping a cool head while trading, guess it's my personal blessing in a way.

To be honest all of that could be coded into an Excel sheet, but doing a comprehensive trading journal on your own, while doable is not easy or quick, and all the better templetes I've come accross aren't free either. For now I'm sticking with it, and can't really complain.

death69

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I've never heard of EquityGuard. My go-to for journaling crypto trades? A personalised Excel sheet - easy to use, but powerful! Why add more complexity with flashy apps? The importance of keeping a log of trades cannot be overstated. But an app? I have my doubts. Does it provide something novel that a well formatted spreadsheet cannot? I'm not convinced. Not the technology itself, but the discipline, analysis, and self-reflection involved in journaling are what truly make it valuable.

Sure, social media traders specialising in forex have extravagant tools and applications. However, the situation is distinct when it comes to cryptocurrency. Our playgrounds are uncertainty and volatility. Although an app might make things easier, can it really handle the fluctuations and subtleties of cryptocurrency trading? I'm not sure. It is the trader's skill, not the tool, that matters. The real action takes place there.

Good luck Tongue

bettercrypto

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Quote from: Jeremy-Whites on December 13, 2023, 09:02:47 AM

I follow some forex traders on social media, and i stumbled upon this service https://www.equityguard.app

Has anyone had experience with this type of journaling for crypto trading, and would it be of any value?

You will really stumble upon forex traders on social media; most of them are just hype and feel entitled to be pro traders, but if you observe and investigate, they are actually just pretenders. But I don't think all traders are like that; some of them are like that.

So next time, don't be fooled by those types of forex on social media; you won't get any luck there; maybe they will be the luckiest for you because of the lack of knowledge in this type of trading.

dunfida

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Quote from: Jeremy-Whites on December 13, 2023, 09:02:47 AM

I follow some forex traders on social media, and i stumbled upon this service https://www.equityguard.app

Has anyone had experience with this type of journaling for crypto trading, and would it be of any value?

Dont know if this is some sort of shilling or what but when it comes on journal or having some track or listing of their past trades then its a no for me on which i dont really mind nor really caring about that stuff.
It is really just that just normal that you would really be having that kind of track when it comes to overall profit and your losses or simply with your PNL on which it is really just that a common approach.
There are ones who are really that mindful and there are ones who do just go forward as long they do see greens into their ports or positive then this what matter the most.

When it comes to trading journal then there's some list on here too.

https://www.brokerxplorer.com/article/what-are-the-best-trading-journal-apps-2729
https://www.modestmoney.com/best-forex-trading-journals/

Forex trading or whatever market you've been dealing then it would be something applicable.

dunfida

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Quote from: Jeremy-Whites on December 13, 2023, 09:02:47 AM

I follow some forex traders on social media, and i stumbled upon this service https://www.equityguard.app

Has anyone had experience with this type of journaling for crypto trading, and would it be of any value?

Dont know if this is some sort of shilling or what but when it comes on journal or having some track or listing of their past trades then its a no for me on which i dont really mind nor really caring about that stuff.
It is really just that just normal that you would really be having that kind of track when it comes to overall profit and your losses or simply with your PNL on which it is really just that a common approach.
There are ones who are really that mindful and there are ones who do just go forward as long they do see greens into their ports or positive then this what matter the most.

abel1337

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I never written my trades on a journal. Maybe it is helpful for other traders like newbies seeing their progress and the step by step moves they did on each trades but I personally think it's not a good thing to me. I don't usually read journals, so it means that it is basically useless to me since I won't be able to use it plus I think it's a waste of time on my own growth and perspective. It's the knowledge I earn from my experiences makes me won in some of my trades. I've done so many trial and error that makes me familiarize with the scenarios and able to learn what to do to deal the trading scenarios I am experiencing.

goaldigger

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Quote from: Jeremy-Whites on December 13, 2023, 09:02:47 AM

I follow some forex traders on social media, and i stumbled upon this service https://www.equityguard.app

Has anyone had experience with this type of journaling for crypto trading, and would it be of any value?

Never heard about this site but I do have my own way to record my activities and it helps me a lot on my decision making. If that site is free and don’t need to connect your trading account, then it might be ok to try but if the site asked for other private informations, I’d rather not to use it than to become a victim of the hack.

Jeremy-Whites

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I've been using it for a few days now, despite the fact that I havent been able to produce much activity to write down, due to the holidays. Ill be really focusing more on it after the New year, but so far, it really matches my needs. Everyone is different i guess, but for me is just right. I also like the gamefication of the emotion meters, sticking to strategy etc.
They also did add some of the popular cryptos back.

Anyways, ill be off until after New Years. So cheers to you all and happy holidays to whoever is celebrating!

taufik123

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Quote from: Silberman on December 17, 2023, 01:54:23 AM

I agree, our memories are not perfect so if we do not keep a trading journal eventually we may forget about the reasons why we made a trade in particular, and how can we improve as traders if we cannot look at our past trades an evaluate them with our new skills and experience? This is where a trading journal shows its true value, as if you keep detailed records of every single trade you made, and even what you thought at the time, you will be able to understand what you did right and what you did wrong, and this will accelerate the rate at which you learn and improve your skills.

The journal also serves as material for evaluation when the trade is complete.
From the evaluation, you will find what is wrong and what must be corrected.

The trading journal will also be useful to support trade management to be more well organized and the strategies applied are in accordance with the journal that has been created.
It's not too difficult to keep a journal, in fact I can also create it in Microsoft Excel and record some trades made every time an order is completed.

jaberwock

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Quote from: el kaka22 on December 13, 2023, 11:18:26 PM

Never, and that doesn't look like something that would benefit anyone neither, it doesn't really feel like it would be wise decision neither, it should not be a big deal and it should not be all that much more important than people think it is. We need to realize that it is going to end up with something that should not be all that much of a big deal, and journaling could be done a lot easier than this.

We need to end up with a good return that could potentially cause everyone to have much greater risk and should not be all that simple. I get that it is going to take a while, but it needs to get to a point where it will not lead to a greater risk neither, when you are dealing with foreign programs you never used, it's added risk, and the reward is not worth it.

Maybe for you yes but there might be people who think it is very useful. Even me, I think it was, because it allows us to see our performance and we will be aware if what areas needs improvement. BTW, have you tried doing it before, for you to say that it's not beneficial? Maybe you did something wrong, though you can always try again. But before that, you can also look how others did it successfully.

You can get an idea from them. All of us wants a great return on their trades but it's just that it won't easily happen. The risk is also big. Maybe when we master things, the risk will also lessen, but I'm sure we will find a way to elevate it again, in hopes of earning more profits. That's us people, we can't easily have a contentment.

Silberman

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Quote from: marktedraut on December 14, 2023, 04:44:02 AM

Quote from: el kaka22 on December 13, 2023, 11:18:26 PM

Never, and that doesn't look like something that would benefit anyone neither, it doesn't really feel like it would be wise decision neither, it should not be a big deal and it should not be all that much more important than people think it is. We need to realize that it is going to end up with something that should not be all that much of a big deal, and journaling could be done a lot easier than this.

We need to end up with a good return that could potentially cause everyone to have much greater risk and should not be all that simple. I get that it is going to take a while, but it needs to get to a point where it will not lead to a greater risk neither, when you are dealing with foreign programs you never used, it's added risk, and the reward is not worth it.

I've been keeping a trading journal for many years, ever since i started day trading forex back in the day. You are right that if you are not using it properly, it doesn't add any value, but if you are strict and running analytics on the data, it could be of massive benefit in improving your profit rates.

I agree, our memories are not perfect so if we do not keep a trading journal eventually we may forget about the reasons why we made a trade in particular, and how can we improve as traders if we cannot look at our past trades and evaluate them with our new skills and experience? This is where a trading journal shows its true value, as if you keep detailed records of every single trade you made, and even what you thought at the time, you will be able to understand what you did right and what you did wrong, and this will accelerate the rate at which you learn and improve your skills.

borovichok

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Quote from: Jeremy-Whites on December 13, 2023, 09:02:47 AM

I follow some forex traders on social media, and i stumbled upon this service https://www.equityguard.app

Has anyone had experience with this type of journaling for crypto trading, and would it be of any value?

You have gained the experience and the only thing that can follow suits is implementation of solid strategy. The value we need is here, between ourselves and hold good chances of winning. There's definitely no how to hold solid information other than getting it from the scratch surfaces of the market. Crypto trading is for everyone as long as we're able to understand and execute our plans for the system. You're totally on your own because we classified as newbies are yet to obtain such crucial important information, we're just in the system to ensure we're able to grab golden opportunities and earn steady flow of the system.

Faisal2202

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Quote from: Jeremy-Whites on December 13, 2023, 09:02:47 AM

I follow some forex traders on social media, and i stumbled upon this service https://www.equityguard.app

Has anyone had experience with this type of journaling for crypto trading, and would it be of any value?

You would have directly asked if journaling is beneficial in crypto trading or not because it directly conveys the message but adding a link to such a platform which is not that old and neither that famous, always raises concerns in my mind that you are just trying to give this website some link juice coming from this forum well, whatever the reason. And please don't mind if I misinterpret the whole thing.

Well, it might be possible that you have shared the link as a reference for our better understandability. Well coming back to the main query does it help us in crypto trading? I don't think the platform that you have mentioned would help you to journal in crypto trading but many other tools can be used to journal the crypto trades.

And yes, it would be of great value, just like it is valued for forex trading, it will be valued for crypto trading too. You must know that trading based on analysis either forex or crypto, no doubt both have differences but no doubt they have similarities also.

marktedraut

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Quote from: el kaka22 on December 13, 2023, 11:18:26 PM

Never, and that doesn't look like something that would benefit anyone neither, it doesn't really feel like it would be wise decision neither, it should not be a big deal and it should not be all that much more important than people think it is. We need to realize that it is going to end up with something that should not be all that much of a big deal, and journaling could be done a lot easier than this.

We need to end up with a good return that could potentially cause everyone to have much greater risk and should not be all that simple. I get that it is going to take a while, but it needs to get to a point where it will not lead to a greater risk neither, when you are dealing with foreign programs you never used, it's added risk, and the reward is not worth it.

I've been keeping a trading journal for many years, ever since i started day trading forex back in the day. You are right that if you are not using it properly, it doesn't add any value, but if you are strict and running analytics on the data, it could be of massive benefit in improving your profit rates.

el kaka22

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Never, and that doesn't look like something that would benefit anyone neither, it doesn't really feel like it would be wise decision neither, it should not be a big deal and it should not be all that much more important than people think it is. We need to realize that it is going to end up with something that should not be all that much of a big deal, and journaling could be done a lot easier than this.

We need to end up with a good return that could potentially cause everyone to have much greater risk and should not be all that simple. I get that it is going to take a while, but it needs to get to a point where it will not lead to a greater risk neither, when you are dealing with foreign programs you never used, it's added risk, and the reward is not worth it.

Topic: Has anyone used this for journaling their crypto trades? (Read 341 times)