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Topic: My trading diary on Binance (Read 418 times)

legendary
Activity: 1708
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June 14, 2024, 07:50:14 AM
#46
Seems this will become a long thread if you keep sharing your story here I guess it's more ideal if you make a feed back with your trading wins and losses this could be more. beneficial to others like added with the indicators and strategy youve been used so it's more beneficial to other members too.

3. What do you mean by 1/2% risk? I noticed that it is not rightly written as it should be in the world of trading.


I'm not quite sure seems OP talking about the capital and the wager amount he will commit every trades he will made..
hero member
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Merit: 641
Leading Crypto Sports Betting & Casino Platform
June 12, 2024, 03:36:15 AM
#45
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.
Oh, nice and I wish you good luck on that. I wanted to do a thing like this when I newly joined the forum but the discouragement witnessed from people as a new user made me abandon it. One of my goals was to prove to people that trading is indeed profitable but since I wasn't well noticed then, you know Bitcointalk users, they started their discouraging talk. I hope you push it through.

But before I go, I like to ask you a few questions;

1. Since when have you been trading?

2. When have you been trading with this particular strategy/plan?

3. What do you mean by 1/2% risk? I noticed that it is not rightly written as it should be in the world of trading.
newbie
Activity: 7
Merit: 2
June 12, 2024, 01:31:04 AM
#44
TRADE №2



So, memcoins are on the rumor mill right now...PEPE looks like it could start a runaway rise...or will there be a correction after all?

If there will be a correction, then PEPE liquidity may spill over from PEPE into Tier-2 memcoins...maybe BONK, WIF.

Ok, then here is my first trade idea on BONK.

TRADE №1


TRADE №1 result: TP, +2%

P.S. I will answer questions a little later. Thanks

TRADE №2 result: SL, -1%


TRADE №3


https://www.talkimg.com/images/2024/06/09/cEVx1.png

I'll update the 1st post in this thread to contain all the trades and summary a bit later. Thanks!

TRADE №3 result: SL, -1%
newbie
Activity: 7
Merit: 2
June 09, 2024, 02:11:12 AM
#43
TRADE №2



So, memcoins are on the rumor mill right now...PEPE looks like it could start a runaway rise...or will there be a correction after all?

If there will be a correction, then PEPE liquidity may spill over from PEPE into Tier-2 memcoins...maybe BONK, WIF.

Ok, then here is my first trade idea on BONK.

TRADE №1


TRADE №1 result: TP, +2%

P.S. I will answer questions a little later. Thanks

TRADE №2 result: SL, -1%


TRADE №3


https://www.talkimg.com/images/2024/06/09/cEVx1.png

I'll update the 1st post in this thread to contain all the trades and summary a bit later. Thanks!
hero member
Activity: 1764
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May 31, 2024, 03:03:24 PM
#42
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

That's awesome to have our daily log and monitoring of trading as part of diaries we had. Good thing to know that you've minimized your risk on that certain stage of trading, not all traders could initiate that ideas.
Even myself attempted to trade with binance previously but it seems that their environment doesn't fit with my preference. However, I found the best spot with Kucoin where I got reliable and consistent returns with minimal gains is considered profitable even though it's not that huge compared with other rich and wealthy traders.
hero member
Activity: 1050
Merit: 844
May 31, 2024, 11:32:47 AM
#41
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
Is there anyone who wants to use your trading ideas at this time? I think that even if there is, that person also has his own thoughts which he will carry out by combining several ideas from other people because completely using other people's ideas is still not necessarily good for some trades, especially if the options being traded are not the same. You can carry out your own ideas without having to worry about other people's risks because in any trade, each person has bound himself to be responsible for what he does. So trade wisely and there is no need to talk about responsibility because it is everyone's obligation.
sr. member
Activity: 1204
Merit: 486
May 31, 2024, 11:14:11 AM
#40
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
OP, I appreciate your effort to create some kind of story or trading notes here, but it would be better if you made those notes personally first. For example, a trading target of 1 to 2 months with complete records of both losses and profits. After that, evaluate and learn various techniques, and if you feel that your trading records have been carefully filtered then please share them publicly. because that way you won't be in a rush in the trading process considering that this thread will be easy for beginners to consume even though their trading size is different from yours, but if you swallow it whole it could be detrimental to other people. Your initial goal of sharing good experiences, could end up harming other people.
full member
Activity: 504
Merit: 163
May 31, 2024, 10:37:16 AM
#39
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.

Hmm, Yup I got it, thanks a lot for the explanation seems like I was impulsive haha anyway risk management was a concept I've got after making a lot of mistakes, in my early times so I was quite conscious after reading OP and about his ideas, because sometimes when newbies consider someone their mentor they blindly follow him without even considering the development of their skills.
Yes, if you make a mistake and lose in trading, you can learn about that mistake and learn the right things.  So in the case of trading, you have to take risk and continue trading by accepting risk and loss. By analyzing trading charts it is possible to make an accurate prediction and profit from trading but not 100% guaranteed. so there is always risk. no trader can ever trade risk free.
For those who are new to trading, I would say that before trading, you must gain enough knowledge about trading. If we do not gain enough knowledge about trading, then trading will not be very successful. Trading must be done with a long-term plan.  At times many traders are too hasty in trading due to which they lose money.
legendary
Activity: 2296
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May 30, 2024, 11:40:17 PM
#38
Yes, if you make a mistake and lose in trading, you can learn about that mistake and learn the right things.  So in the case of trading, you have to take risk and continue trading by accepting risk and loss. By analyzing trading charts it is possible to make an accurate prediction and profit from trading but not 100% guaranteed. so there is always risk. no trader can ever trade risk free.
There may be mistakes while learning trading, but the more mistakes you make while trading, the more you can learn. And if you don't try to learn something new after making mistakes, you won't be able to do well in trading. There will be a risk of losing everything while trading.  Everyone is doing trading. Our Wuching help those who want to start trading in a new way by giving good advice so that newbies can gain good experience about trading.
I think you have to be very careful here:
The standard mistakes of newcomers (adding capital to poorly performing trades, for example) should never be learned in a phase where you are already using real money. Procedures such as paper trading are very suitable here. This involves trading normally in the market, but either using play money (some apps provide this) or recording the trades in an Excel file.

This allows you to get to know yourself and your own market reactions very well, but you don't lose any money in the process.
sr. member
Activity: 476
Merit: 307
May 30, 2024, 02:50:40 PM
#37
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
Are you directing us to where you post your trading idea because what you have posted has no information in it? The only thing I picked from your post is that you employ 1/2% per trade and 1 trade per day, how does this unclear information help a trader? Well, if this work for you and you are able to master your strategy so well that that single trade is able to allow you meet your trading objectives, then fine.

As for me, I don't see the point of a single trade per day, that will make you ignore the probabilistic aspect of trading because you will want to be so perfect, and this will be the beginning of mistakes. As for me I target three to five traders per day and ensure my win rate is at least 50% and that will put me in profits for the day.
full member
Activity: 434
Merit: 202
Duelbits.com
May 30, 2024, 02:37:31 PM
#36
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
this is a good strategy but then i think it isn't very profitable because a consistent loss of about three trades may lead to you getting more loses than you would profit hence putting pressure on your mind to trade which in the long run will get you to loosing your account or totally liquidate but then if you eventually have a better strategy that gives you 1: 3 that can be considered a very good strategy because if you sample three trades and eventually win just two and loose three of the trades, its enough and eventually making for your losses so you don't really actually get to really loose even amidst loses because your wins are enough to make up and cover for your losses.

Trading is basically fort the purpose of making profits so if your are not making profits then you shouldn't be trading or probably quit for awhile to sharpen your skill and make sure you are coming back with a better strategy that should be making you profits more than with the previous else you should further thing of improving in how much information you have got about trading so you don't keep loosing your funds to trading.
sr. member
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May 30, 2024, 07:25:56 AM
#35
Yes, if you make a mistake and lose in trading, you can learn about that mistake and learn the right things.  So in the case of trading, you have to take risk and continue trading by accepting risk and loss. By analyzing trading charts it is possible to make an accurate prediction and profit from trading but not 100% guaranteed. so there is always risk. no trader can ever trade risk free.
There may be mistakes while learning trading, but the more mistakes you make while trading, the more you can learn. And if you don't try to learn something new after making mistakes, you won't be able to do well in trading. There will be a risk of losing everything while trading.  Everyone is doing trading. Our Wuching help those who want to start trading in a new way by giving good advice so that newbies can gain good experience about trading.
hero member
Activity: 1456
Merit: 608
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May 30, 2024, 04:04:08 AM
#34
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.

Hmm, Yup I got it, thanks a lot for the explanation seems like I was impulsive haha anyway risk management was a concept I've got after making a lot of mistakes, in my early times so I was quite conscious after reading OP and about his ideas, because sometimes when newbies consider someone their mentor they blindly follow him without even considering the development of their skills.
Yes, if you make a mistake and lose in trading, you can learn about that mistake and learn the right things.  So in the case of trading, you have to take risk and continue trading by accepting risk and loss. By analyzing trading charts it is possible to make an accurate prediction and profit from trading but not 100% guaranteed. so there is always risk. no trader can ever trade risk free.
legendary
Activity: 2674
Merit: 1226
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May 30, 2024, 02:59:41 AM
#33
Hey OP I noticed you posted your first trade and that it already is hit target. You did great, posted the actual trade but maybe use TalkIMG.com as suggested by another member, to save these screenshots.

Good to put your RR and Remember my suggestion, but even better is.

Entry price as mentioned, but how much units? And what is the exit? Smiley And your reason behind the idea too.

I know the chart explains it already but better to just list everything out in your Trade post here since we can all read, bankroll, actual units amount, then easy to compare later. This is much better than just % IMO. So start the bankroll count, and after every exit update, in both units and % Smiley

GL! Keep going!
legendary
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May 29, 2024, 02:18:43 PM
#32
As long as we are still beginners, this is not an important problem because we can turn mistakes into very important experiences. The hope is that when we have experiences like this, in the future the same mistakes will not be repeated. Those who are currently professional traders certainly have a lot of experience from various kinds of mistakes they have made in the past.

I think it's kind of funny that for the first time ever, I'm posting my third reply on the same thread. Even though I know there's nothing wrong with that, I usually respond late anyway. Why are mistakes important? Most people give suggestions or recommendations, but they don't always follow them themselves—they just pretend to be pros. These mistakes make them realize they should practice what they preach. I've encountered many members like this, and I've made similar mistakes in the past.

When managing live trades, I used to tell everyone never to go all in. But early on in the forum, I was probably an SR member, and there was a coin I was highly bullish on because of YouTube influencers and the hype wave. At that time, I ignored all my trading rules and adopted an all-in strategy. It ended up being a waste of time and funds, with only a pretty average profit in the end. The most valuable lessons come from our blunders and mistakes, but only if we really acknowledge them and implement the learnings in our plans of action.
sr. member
Activity: 882
Merit: 326
May 29, 2024, 12:34:05 PM
#31
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.

Hmm, Yup I got it, thanks a lot for the explanation seems like I was impulsive haha anyway risk management was a concept I've got after making a lot of mistakes, in my early times so I was quite conscious after reading OP and about his ideas, because sometimes when newbies consider someone their mentor they blindly follow him without even considering the development of their skills.
As long as we are still beginners, this is not an important problem because we can turn mistakes into very important experiences. The hope is that when we have experiences like this, in the future the same mistakes will not be repeated. Those who are currently professional traders certainly have a lot of experience from various kinds of mistakes they have made in the past.
legendary
Activity: 966
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May 29, 2024, 11:55:09 AM
#30
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.

Hmm, Yup I got it, thanks a lot for the explanation seems like I was impulsive haha anyway risk management was a concept I've got after making a lot of mistakes, in my early times so I was quite conscious after reading OP and about his ideas, because sometimes when newbies consider someone their mentor they blindly follow him without even considering the development of their skills.
full member
Activity: 952
Merit: 232
May 29, 2024, 10:27:06 AM
#29
So, memcoins are on the rumor mill right now...PEPE looks like it could start a runaway rise...or will there be a correction after all?

If there will be a correction, then PEPE liquidity may spill over from PEPE into Tier-2 memcoins...maybe BONK, WIF.

Ok, then here is my first trade idea on BONK.

TRADE №1






Cool, another trader wants to start a diary here. Please make sure you keep disciplined Wink If a trader can't even update a daily diary of trades, then he can't have discipline to stick to trading strategies Wink

Remember. Post exactly how much you trade, exact entry and exit. With net loss/profit minus fees. And why you took and exited. Otherwise, pointless diary Wink

So you want to keep your trading diary on this thread on this forum? There are many online managers that you can have notes that you can use for it. I do not see any reason you should make use of this forum for trading diary because posting here should not be a (personal) note for you.

He probably wants to show off a bit and its understandable, but needs to do as I said above Wink Crypto traders famous for giving tips but never exact details.

Thanks for the tips!

So you want to keep your trading diary on this thread on this forum? There are many online managers that you can have notes that you can use for it. I do not see any reason you should make use of this forum for trading diary because posting here should not be a (personal) note for you.

I want not only to keep personal notes, but also to get feedback from the community, from those people who will be interested in my endeavors. win-win!

P.S. How can I insert images here?? Thanks in advance!
I like your idea, afterall cryptocurrency started as an idea and today it's a success that is universal in it's process application and use.
For newbie or old time traders who need motivation and perhaps a guide on how to conquer their trading goals, keeping up with your diary, that's if you are consistent with it, will ensure they too meet success and have good returns.

For the images you want to upload here, use TalkIMG.com to upload your pic, copy and share link here.
sr. member
Activity: 490
Merit: 294
May 29, 2024, 08:47:18 AM
#28
First I want to make sure you choose a good crypto exchange to trade with. Binance is definitely the best choice for a user and this exchange is quite easy to use and also advanced in terms of security. You just need to trade with the right strategy, as long as you can trade with the right strategy, you can do well in trading. If you have enough knowledge about trading then you should first get enough knowledge about trading. Build your own trading skills instead of following others. If you make a mistake in your trading, there is no problem because you can learn from that mistake. But when you follow another trader directly you will not learn anything which will make you more likely to lose money in later trades.  So create your own trading strategy by taking ideas from others rather than taking note of others' strategies.
newbie
Activity: 7
Merit: 2
May 29, 2024, 05:21:58 AM
#27
TRADE №2



So, memcoins are on the rumor mill right now...PEPE looks like it could start a runaway rise...or will there be a correction after all?

If there will be a correction, then PEPE liquidity may spill over from PEPE into Tier-2 memcoins...maybe BONK, WIF.

Ok, then here is my first trade idea on BONK.

TRADE №1


TRADE №1 result: TP, +2%

P.S. I will answer questions a little later. Thanks
legendary
Activity: 2296
Merit: 2721
May 29, 2024, 05:04:17 AM
#26
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.
legendary
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May 29, 2024, 04:30:45 AM
#25
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.
sr. member
Activity: 644
Merit: 321
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May 29, 2024, 03:02:28 AM
#24
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.
legendary
Activity: 2296
Merit: 2721
May 29, 2024, 01:49:47 AM
#23
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?
hero member
Activity: 1246
Merit: 699
May 29, 2024, 01:03:32 AM
#22
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.
legendary
Activity: 2506
Merit: 1394
May 28, 2024, 07:47:49 PM
#21
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.
sr. member
Activity: 2422
Merit: 357
May 28, 2024, 04:38:59 PM
#20
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.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
May 28, 2024, 03:49:10 PM
#19
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.
legendary
Activity: 966
Merit: 1042
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May 28, 2024, 01:08:24 PM
#18
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.
sr. member
Activity: 616
Merit: 274
May 28, 2024, 10:20:39 AM
#17
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.
hero member
Activity: 616
Merit: 749
May 28, 2024, 04:48:28 AM
#16
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.
sr. member
Activity: 546
Merit: 309
May 28, 2024, 02:58:06 AM
#15
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
full member
Activity: 280
Merit: 110
Eloncoin.org - Mars, here we come!
May 28, 2024, 02:08:56 AM
#14
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.
hero member
Activity: 2828
Merit: 611
May 28, 2024, 01:51:03 AM
#13
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.
full member
Activity: 1554
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Buzz App - Spin wheel, farm rewards
May 27, 2024, 11:34:32 PM
#12
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.
hero member
Activity: 2324
Merit: 513
Catalog Websites
May 27, 2024, 01:09:20 PM
#11
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.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
May 27, 2024, 12:07:46 PM
#10
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%.
newbie
Activity: 7
Merit: 2
May 27, 2024, 10:48:14 AM
#9
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.
hero member
Activity: 784
Merit: 672
Top Crypto Casino
May 27, 2024, 10:06:14 AM
#8
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.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
May 27, 2024, 09:07:09 AM
#7
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.
newbie
Activity: 7
Merit: 2
May 27, 2024, 02:15:19 AM
#6
Cool, another trader wants to start a diary here. Please make sure you keep disciplined Wink If a trader can't even update a daily diary of trades, then he can't have discipline to stick to trading strategies Wink
Trading history and diary are not different.

I am trading, I do not have a dairy but I am disciplined. I do not have diary because I see no reason to have one. I think most important thing about diary is to know if you are losing or winning in total but I can easily see this on my trading history. I do not even know trading history because what that is most important to me is if I am losing or winning which I know even without going through my trading history.

Remember. Post exactly how much you trade, exact entry and exit. With net loss/profit minus fees. And why you took and exited. Otherwise, pointless diary Wink
Probably this can be good but I just think that there can be lies there. I will prefer him to include his signals. I mean the time he wanted to enter the market and the price he left the market. I can lose and include in a diary that I won for people to think that I won. You know how people can behave. But what he predicted and the price he entered the market and left would be good to give us evidence that he is telling the truth.

Edit:
P.S. How can I insert images here?? Thanks in advance!
You will need to become a junior member before you can upload am image. But you can copy the image link on this forum.

Use https://www.talkimg.com/ for it.

Right thoughts - I'm not going to post ex post facto results here, there's no point in that showmanship. Only entries by pending orders or by market (and immediately post on the forum).

I understand about the images - thanks!
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
May 27, 2024, 01:40:31 AM
#5
Cool, another trader wants to start a diary here. Please make sure you keep disciplined Wink If a trader can't even update a daily diary of trades, then he can't have discipline to stick to trading strategies Wink
Trading history and diary are not different.

I am trading, I do not have a dairy but I am disciplined. I do not have diary because I see no reason to have one. I think most important thing about diary is to know if you are losing or winning in total but I can easily see this on my trading history. I do not even know trading history because what that is most important to me is if I am losing or winning which I know even without going through my trading history.

Remember. Post exactly how much you trade, exact entry and exit. With net loss/profit minus fees. And why you took and exited. Otherwise, pointless diary Wink
Probably this can be good but I just think that there can be lies there. I will prefer him to include his signals. I mean the time he wanted to enter the market and the price he left the market. I can lose and include in a diary that I won for people to think that I won. You know how people can behave. But what he predicted and the price he entered the market and left would be good to give us evidence that he is telling the truth.

Edit:
P.S. How can I insert images here?? Thanks in advance!
You will need to become a junior member before you can upload am image. But you can copy the image link on this forum.

Use https://www.talkimg.com/ for it.
newbie
Activity: 7
Merit: 2
May 27, 2024, 01:30:39 AM
#4
So, memcoins are on the rumor mill right now...PEPE looks like it could start a runaway rise...or will there be a correction after all?

If there will be a correction, then PEPE liquidity may spill over from PEPE into Tier-2 memcoins...maybe BONK, WIF.

Ok, then here is my first trade idea on BONK.

TRADE №1






Cool, another trader wants to start a diary here. Please make sure you keep disciplined Wink If a trader can't even update a daily diary of trades, then he can't have discipline to stick to trading strategies Wink

Remember. Post exactly how much you trade, exact entry and exit. With net loss/profit minus fees. And why you took and exited. Otherwise, pointless diary Wink

So you want to keep your trading diary on this thread on this forum? There are many online managers that you can have notes that you can use for it. I do not see any reason you should make use of this forum for trading diary because posting here should not be a (personal) note for you.

He probably wants to show off a bit and its understandable, but needs to do as I said above Wink Crypto traders famous for giving tips but never exact details.

Thanks for the tips!

So you want to keep your trading diary on this thread on this forum? There are many online managers that you can have notes that you can use for it. I do not see any reason you should make use of this forum for trading diary because posting here should not be a (personal) note for you.

I want not only to keep personal notes, but also to get feedback from the community, from those people who will be interested in my endeavors. win-win!

P.S. How can I insert images here?? Thanks in advance!
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
May 27, 2024, 01:23:57 AM
#3
Cool, another trader wants to start a diary here. Please make sure you keep disciplined Wink If a trader can't even update a daily diary of trades, then he can't have discipline to stick to trading strategies Wink

Remember. Post exactly how much you trade, exact entry and exit. With net loss/profit minus fees. And why you took and exited. Otherwise, pointless diary Wink

So you want to keep your trading diary on this thread on this forum? There are many online managers that you can have notes that you can use for it. I do not see any reason you should make use of this forum for trading diary because posting here should not be a (personal) note for you.

He probably wants to show off a bit and its understandable, but needs to do as I said above Wink Crypto traders famous for giving tips but never exact details.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
May 27, 2024, 01:18:03 AM
#2
So you want to keep your trading diary on this thread on this forum? There are many online managers that you can have notes that you can use for it. I do not see any reason you should make use of this forum for trading diary because posting here should not be a (personal) note for you.
newbie
Activity: 7
Merit: 2
May 27, 2024, 01:13:24 AM
#1
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
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