Trade Bitcoin Trading

Bitcoin Trading Journal Book

Bitcoin trading journal will track all your cryptocurrency trades in a bitcoin journal. By following this simple, easy to follow journal writing tip, you as a trader can easily improve your bitcoin trading results. Here is how you do it:

Step 1 - Write down WHY you are making a bitcoin trade PRIOR TO opening a trade transaction on your cryptocurrency trading journal.

Before opening a bitcoin trade, write in a bitcoin journal the explanations why you're making the transaction. It doesn't have be long; it does not even have to be in compete sentences. Just write in the trading journal a few key grounds why you're making this bitcoin trade.

Be honest with this cryptocurrency journal. If you are honest, it will stop you from making the biggest mistakes in your btcusd crypto trading. If you see that you are making the btcusd cryptocurrency trade transaction due to and because of anything other than a sound btcusd crypto trading strategy. DO NOT MAKE THE BTCUSD Crypto TRADE TRANSACTION!

If you make a losing btcusd crypto trade, don't open another bitcoin trading transaction immediately so as to make profits to neutralize the losses you have made, this is known as revenge bitcoin trading, do not revenge against the bitcoin trading market. Switch off the PC computer, walk away, & take a very cold shower to cool down. And remember that you will never lose money which you don't put in. A winning bitcoin strategy isn't only about how much you win, but how much you don't lose.

Step 2 - Write down how you will exit the bitcoin trade BEFORE making the btcusd trading transaction.

Do not get trapped with a great entry bitcoin trading strategy without an exit strategy. Your bitcoin trading strategy should have both great entry and exit strategies. One is useless without the other.

But you ask, Why bother? I know my btcusd crypto trade exit strategy. Why do I have to write it down?

Well, the reason/explanation is this: human beings are at best irrational, impulsive, & emotional creatures. If you have your bitcoin trade exit strategy written down, you have a point of reference when you as a trader exit a bitcoin trade position. You'll refer to your bitcoin trading journal BEFORE exiting a bitcoin trade. If you are closing a position for any explanation other than your original bitcoin trade exit strategy, you must ask yourself why?

Your bitcoin trading journal will save you more money than you can imagine. It will stop you from making impulsive moves, which is usually and generally why people lose money in cryptocurrency.

Step Three - Write down why you exited the bitcoin trade.

This should be same reason/explanation which you wrote in step 2. If it isn't, it is up to you to interpret and analyze it. Most often reason why traders get to deviate from their strategy is lack of discipline. Your bitcoin trading journal will be looking back at you with glaring evidence of exactly why you're not a winning Bitcoin trader.

Step 4 - How to Interpret and Analyze the Bitcoin trading results

You must learn from your own mistakes in bitcoin crypto trading. This is the best way for anyone to improve their profits. Everybody makes mistakes, but great btcusd crypto traders are able to learn from them and not repeat.

And the best way to learn from your mistakes is to document them in a trading journal. A few years down the road, you can still look back & realize that you're still making the same errors you were when you first began and started bitcoin trade online.

This info can not be found in any book or seminar. Your bitcoin trading journal is personal and is uniquely you. Your personality character will determine the type of bitcoin trader you will become, and will also determine the type of mistakes you'll make.

Not only does your bitcoin trading journal highlight your weaknesses, it'll reveal the bitcoin trading transactions that are the most profitable. After a little while you'll see the type of bitcoin trading setups that make you as a trader the most equity, and a bitcoin pattern will emerge. Do not let this data on your Crypto Currency journal go to waste.

You should do all effort to understand why those btcusd crypto trades went well and try to replicate it as often as possible. Profitable bitcoin crypto traders know their strengths and weaknesses. They play on their strengths & try to minimize their weakness.

Don't get lazy & forget to write down in your btcusd trading journal. Documenting your thought process is the fastest & surest way to get better at bitcoin crypto trading. Do this consistently, & you will learn more about your habits than you as a trader can imagine.

Your bitcoin trading goal is to identify and break your bad habits soon as possible. If you notice that you as a trader always hang on to a losing bitcoin trade transactions too long, you should do everything within your power so that as you as a trader prevent this from occurring and happening again.

Summary

Your btcusd journal is btcusd. It contains a wealth of data that will play a vital role in your success as a bitcoin trader.

We urge you to use it for at-least one month. If it has't helped improve your bitcoin profits in thirty days, then feel free to stop.

But make sure to try it before deciding not to. It may be just the btcusd tool needed to push your trade to the next level toward becoming a successful trader.

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