My trading diary on Binance - page 2.

Lakai01

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Quote from: Hamza2424 on May 29, 2024, 04:30:45 AM

Hmm, so where I said it's only for the newbies, and where I said senior that I don't know about risk management can you please mention it was a comment to highlight the prominent factors that every newbie should acknowledge because most of them ignore it [...]

I can reassure you, you didn't just refer to newbies anywhere Wink

But I wanted to emphasize once again that risk management is extremely important. After reading your lines, one might otherwise get the impression that risk management is less relevant the more experience you have, but that's not the case. On the contrary: experienced traders attach great importance to risk planning and risk management.

Hamza2424

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Quote from: Lakai01 on May 29, 2024, 01:49:47 AM

Quote from: Hamza2424 on May 28, 2024, 01:08:24 PM

Hmm risk management should be the priority for the newbies, on the same time I cant get your theory behind 1 trade per day, anyway I'll be interested in more information from your side like bereifing of your plan to analyze is it worth it or not.

Risk management has nothing to do with whether you are a newbie or not, it is the essential part of any trading strategy. without risk management, loss is virtually guaranteed over several trades.

Even well-known traders like ToneVays invest a lot of time in planning and executing risk management!

Hmm, so where I said it's only for the newbies, and where I said senior that I don't know about risk management can you please mention it was a comment to highlight the prominent factors that every newbie should acknowledge because most of them ignore it, for experienced traders they already knew what to do what not to based on their experience. Well, I cant find anything in the post where I've said it has only something to do with the newbie or experienced traders, even though I've scanned my post 5 times haha before making a reply on it.

Out of mind

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Quote from: KZavarov on May 27, 2024, 01:13:24 AM

Hi everyone, I want to keep my trading diary / sometimes just post trading setups ideas. The goal is to learn, to instill discipline, to become a consistently successful trader.

I trade on Binance - 1/2% risk no more than 1 trade.

If you use my trading ideas - do it at your own risk, I am not responsible.

Let's go!!! Cool

Binance is a popular and good exchange here, if you can complete one trade per day then surely you will be able to make profit here. If you are experienced and knowledgeable then you have good knowledge and understanding about business and trading then you can profit by trading. If you trade according to the target you follow daily, you may make a profit, but you will definitely face a loss at some point. If you make a profit on one trade, there is no need to take the next one, of course you plan the next one for another day. And your target, although I am currently not very experienced in training, but if you follow this target and trade, you will be able to avoid losses.

Lakai01

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Quote from: Hamza2424 on May 28, 2024, 01:08:24 PM

Hmm risk management should be the priority for the newbies, on the same time I cant get your theory behind 1 trade per day, anyway I'll be interested in more information from your side like bereifing of your plan to analyze is it worth it or not.

Risk management has nothing to do with whether you are a newbie or not, it is the essential part of any trading strategy. without risk management, loss is virtually guaranteed over several trades.

Even well-known traders like ToneVays invest a lot of time in planning and executing risk management!

@OP First of all, thanks for sharing your ideas!
On which time frame do you execute your trades? Since you are assuming that a new hype could arise here, is that presumably several days/weeks?

Awaklara

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Quote from: GreatArkansas on May 28, 2024, 07:47:49 PM

It's fine, I believe OP is just sharing it, that's the purpose of this forum especially maybe OP can get some learn or advice from us, other members of the forum.
It's the best place to learn that's why. Especially trading and money are involved already.

Because for example if OP is doing something not that good, we can tell him or give him advice.

Yes, that's what the OP meant. he can post some information that he uses for trading and other members who may not be experienced can try what is shared. or if some mistakes or things are not quite right, the OP will receive input from other members who may be more experienced.
I don't think there is a problem with sharing information and knowledge. As long as it doesn't mislead other users then everything will be fine. We can learn a lot, and not all of it comes from high ranking members.

GreatArkansas

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Quote from: goaldigger on May 28, 2024, 04:38:59 PM

Quote from: ?? on ??

Keeping a trading diary and managing risks is smart. Just trade responsibly.

Definitely and there is no need to share it, just focus on your own and achieve your goals in private.
You cannot expect traders to follow your diary as we all have our own ways to trade using a different strategy. Be more responsible and trade professionally to avoid any uncertain losses and to maximize your winning strategy.

It's fine, I believe OP is just sharing it, that's the purpose of this forum especially maybe OP can get some learn or advice from us, other members of the forum.
It's the best place to learn that's why. Especially trading and money are involved already.

Because for example if OP is doing something not that good, we can tell him or give him advice.

goaldigger

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Quote from: ?? on ??

Keeping a trading diary and managing risks is smart. Just trade responsibly.

Definitely and there is no need to share it, just focus on your own and achieve your goals in private.
You cannot expect traders to follow your diary as we all have our own ways to trade using a different strategy. Be more responsible and trade professionally to avoid any uncertain losses and to maximize your winning strategy.

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Quote from: KZavarov on May 27, 2024, 01:13:24 AM

Hi everyone, I want to keep my trading diary / sometimes just post trading setups ideas. The goal is to learn, to instill discipline, to become a consistently successful trader.

I trade on Binance - 1/2% risk no more than 1 trade.

If you use my trading ideas - do it at your own risk, I am not responsible.

Let's go!!! Cool

You want to share idea but you don't want to be held responsible, does that means you are not sure of what you are giving people, I will really like you to explain to us how often you lose from trades atleast in a day.

You will have people and followers more often now that a lot of people are anticipating for bull run but know that people are coming with the mindset of using your calls an assurance for making trades, if you failed most of the time than profit, you will be seen as someone who doesn't know nothing but the cool thing about this dropping of signals is people/followers will respect you even more if you are a good trader.

On a personal level, I will not advice you to engage in this, make your trade yourself and enjoy the profit alone. You will worry less about your mistakes on other people's choice of opening trades.

Hamza2424

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Quote from: KZavarov on May 27, 2024, 01:13:24 AM

Hi everyone, I want to keep my trading diary / sometimes just post trading setups ideas. The goal is to learn, to instill discipline, to become a consistently successful trader.

I trade on Binance - 1/2% risk no more than 1 trade.

If you use my trading ideas - do it at your own risk, I am not responsible.

Let's go!!! Cool

Hmm aah feeling happy to see a first-time such sort of post and there is no shit talking and promotion + proper DYOR is mentioned, Haha OP keep it up, let's wait and see what are you gin to bring up next. Hmm, I'm a little confused about where are gonna share your content in any TG group or here in threads particularly in this thread only.

Hmm risk management should be the priority for the newbies, on the same time I cant get your theory behind 1 trade per day, anyway I'll be interested in more information from your side like bereifing of your plan to analyze is it worth it or not.

Gaza13

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Quote from: Mr.sprin on May 27, 2024, 11:34:32 PM

Quote from: ?? on ??

Keeping a trading diary and managing risks is smart. Just trade responsibly.

Notes to yourself are important for trading, because so we know income and expenses, but the most important thing is management, how do we work so that we minimize losses, we must first learn what trading is and how the system works, so that we are not careless in taking actions that will later cause us losses due to our carelessness.

Indeed, without knowledge about trading, it is really not recommended for us to take this step, of course the risk we bear is very large or very high in this case. It's true what you say, management in expenses or daily recording of our trades, is really needed so that in the future we can learn from our own experience. The experience we gain is our best teacher to change our own lives. To become a successful and consistent trader, we sacrifice a lot of things, whether it's money or time.

irhact

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Quote from: Z_MBFM on May 28, 2024, 02:58:06 AM

op will share his trading strategies and steps with everyone it's not bad but one should not follow other's steps without doing any research. Trading is not risk free. There is a risk of loss here. However, the more professional and skilled he is, the more he is able to reduce his risk, but no one can avoid risk. Therefore, apart from following the steps of others, you should do your own personal research and start trading with your own responsibility. And even if there are some losses in the beginning, they will be able to gain a lot of knowledge from those losses

The OP has already put a warning that any trader following his trading strategy is doing that at his own risk and he isn't responsible for any losses therefore anybody that decide to follow the OP steps should be aware of this. Trading is risky when you don't know anything that you're doing but if you're informed, you wouldn't be taking risk that can harm you by losing your money. Binance exchange is one of the best exchange to use in trading therefore the OP is off a good start if he has experience in trading.

I also use Binance exchange for trading and my experience there is great, they do not manipulate the price and of their listed coins. OP are you going to be trading only Bitcoin or you'll be trading altcoins too. I'll love to see how far you go therefore I'll be monitoring this thread. I wish you good luck and don't fail to share your experience always because you have those that'll be paying attention to this thread.

Z_MBFM

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Quote from: Assface16678 on May 27, 2024, 09:07:09 AM

Well, it's good that you want to explore and learn more about trading, and it's also good that you want to share your setups or trades, but I think it will also be good if you can find a platform where there are community trades. What I mean is that, if you know about community trade, it's a group where you can share your knowledge and setups in a community, and the same goes for the other members; they will share their setups and explain why they came up with that setup. In short, you came up with that setup. In short, you will learn a lot from that. Anyway, this topic should be in your diary. Don't create several topics because you might be reported or what; it's better to have a thread or a growing thread. And also you should take and absorb all the advise of many proven pro traders here.

op will share his trading strategies and steps with everyone it's not bad but one should not follow other's steps without doing any research. Trading is not risk free. There is a risk of loss here. However, the more professional and skilled he is, the more he is able to reduce his risk, but no one can avoid risk. Therefore, apart from following the steps of others, you should do your own personal research and start trading with your own responsibility. And even if there are some losses in the beginning, they will be able to gain a lot of knowledge from those losses

God bless u

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Quote from: KZavarov on May 27, 2024, 01:13:24 AM

Hi everyone, I want to keep my trading diary / sometimes just post trading setups ideas. The goal is to learn, to instill discipline, to become a consistently successful trader.

I trade on Binance - 1/2% risk no more than 1 trade.

If you use my trading ideas - do it at your own risk, I am not responsible.

Let's go!!! Cool

Actually it's very difficult to understand that in trading you have to be very calculated when it comes to taking risks. You cannot follow the hypes created by marketing managers of the projects otherwise you'll fall into their traps and you'll lose money.

Risks should be very carefully taken and you should not allow your greed to overcome your brain while calculating risks. If you figure out the balance you'll be a successful trader.

fullhdpixel

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Quote from: KZavarov on May 27, 2024, 10:48:14 AM

Thanks for your opinion and advices! English is not my native language and maybe I didn't name the thread correctly.

This is not a personal diary, I want to get feedback from the community. In my language there is such a concept - public diary. Someone can take something from my ideas, but that's not the goal.

I just want to go from 0 to results, publicly. Here.

Yes, you're right about diary and that is what he said. It is he will keep it and the ones that he will share here is the other or trading setup ideas. If he choose Youtube, we may not going to discover it if he is not yet known and there is nothing wrong if he chooses this place. In fact, many traders I see here are also doing the same thing.

It better to not judge anyone based on their appearance because we don't know what if they are actually a pro? And they can show us a proof to that for us to believe them. We can only apologize for the inconvenience that our forum have caused to them such as they need to avail a kind of membership first to post a pic but they still can ask for some donations in order to recover it or have a premium subscription for the services that they are offering.

Mr.sprin

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Quote from: ?? on ??

Keeping a trading diary and managing risks is smart. Just trade responsibly.

Notes to yourself are important for trading, because so we know income and expenses, but the most important thing is management, how do we work so that we minimize losses, we must first learn what trading is and how the system works, so that we are not careless in taking actions that will later cause us losses due to our carelessness.

terrific

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Quote from: KZavarov on May 27, 2024, 10:48:14 AM

Thanks for your opinion and advices! English is not my native language and maybe I didn't name the thread correctly.

This is not a personal diary, I want to get feedback from the community. In my language there is such a concept - public diary. Someone can take something from my ideas, but that's not the goal.

I just want to go from 0 to results, publicly. Here.

I understand, you're free to share your ideas and trading strategies and even your results here. If you want to dedicate this thread for that, that's fine IMO.
You are also on the right section so, good luck with all of the trades and show us some great progress there because not everyone is willing to share their trading journey.

jrrsparkles

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Quote from: KZavarov on May 27, 2024, 10:48:14 AM

Thanks for your opinion and advices! English is not my native language and maybe I didn't name the thread correctly.

This is not a personal diary, I want to get feedback from the community. In my language there is such a concept - public diary. Someone can take something from my ideas, but that's not the goal.

I just want to go from 0 to results, publicly. Here.

My trading strategy could be more appropriate than the word diary.

If I understand OP correctly your strategy to make profits is to get 0.5% profit for a day which might looks too easy but it's not possible to achieve everyday that is why it is important to have flexibility in your strategy to make profit to its fullest potential.

For example you can set the profit at 2% so all it takes 7 profitable trades to achieve 15% goal instead of 30 trades with 0.5%.

KZavarov

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Thanks for your opinion and advices! English is not my native language and maybe I didn't name the thread correctly.

This is not a personal diary, I want to get feedback from the community. In my language there is such a concept - public diary. Someone can take something from my ideas, but that's not the goal.

I just want to go from 0 to results, publicly. Here.

SamReomo

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If I'm not wrong then it's the thread where you share your trades with us? But, that's not a dairy in anyway, if your real intention is to make a trading diary then try to make it offline, but if you want to share your trades with others then why not to start your own trading YouTube channel instead of this thread?

Your account on this forum is quite new and I doubt that anyone would ever follow your trades, but if you're really going to share your trades and analysis then I highly suggest you to share some technical analysis as well.

You can embed images directly by purchasing Cooper membership and that doesn't cost a lot of money. If you really want to share your analysis and technical analysis via this thread then embedded images would be very helpful.

Assface16678

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Well, it's good that you want to explore and learn more about trading, and it's also good that you want to share your setups or trades, but I think it will also be good if you can find a platform where there are community trades. What I mean is that, if you know about community trade, it's a group where you can share your knowledge and setups in a community, and the same goes for the other members; they will share their setups and explain why they came up with that setup. In short, you came up with that setup. In short, you will learn a lot from that. Anyway, this topic should be in your diary. Don't create several topics because you might be reported or what; it's better to have a thread or a growing thread. And also you should take and absorb all the advise of many proven pro traders here.

Topic: My trading diary on Binance - page 2. (Read 418 times)