Trading Bitcoin Review My Bitcoin Trades

When it comes to reviewing your cryptocurrency trades as a trader the first thing that you should have is a list of cryptocurrency trades in your cryptocurrency trading journal. The list of cryptocurrency trades should have some winning cryptocurrency trades & some losing cryptocurrency trades.

How to Review Bitcoin Trading Results

After you have a list of winning bitcoin trade and losing cryptocurrency trades then the first thing that you will review is the win rate of your cryptocurrency trading system. For example if you have a record of 20 cryptocurrency trades in your bitcoin trading you will first count your winning cryptocurrency trades & then after that count your losing cryptocurrency trades. If you have a total of 14 winning trades and a total of 6 losing trades then the win rate of your cryptocurrency trading system is 70%. If using another example you have 10 winning cryptocurrency trades and 10 losing cryptocurrency trades then the win rate of your bitcoin trading is 50%.

What this means is that if your bitcoin trading strategy has a win rate of 70% it means your bitcoin trading system produces 7 winning trades for every 10 trades - if your bitcoin trading strategy has a win rate of 50% it means your bitcoin trading system produces 5 winning trades for every 10 trades - The higher the win rate of your bitcoin trading strategy the more profitable your bitcoin trading system will be.

Therefore, as a trader the first thing to analyze is the losing cryptocurrency trades and find the factors that made these trades to produce losses - then after that try not to repeat the same mistakes next time when trading bitcoin.

Then review the profitable cryptocurrency trades and identify why the winning trades produced a profit and try to factor in these factors the next time you are opening a bitcoin trade so as to improve your bitcoin trading results based on the analysis that you will have done from the review of the winning cryptocurrency trades from your cryptocurrency trading journal.

Next thing that you will review as a trader is the profit per trade - once you've reviewed the profits per trade you will then identify the factors that are common for the trades that produced more profit per trade - you will then try & include these factors in your bitcoin trading so as to improve the average profit per trade for each trade that you'll open. This will try to help you to improve your trading results as you continue trading and including more of the factors that help to produce winning cryptocurrency trades.

You will also review the loss per trade & once you've reviewed the loss per bitcoin trade you try to spot the factors which produce the losing cryptocurrency trades that have more losses per trade. You will then try to reduce these factors that are common in most of the losing cryptocurrency trades & this way if you can identify factors that are producing more losing trades then you can help avoid making these mistakes the next time you open a new trade transaction.

As a trader keeping a record of all cryptocurrency trades in a bitcoin trading journal and recording the details of the cryptocurrency trades will help you to have a record of trades that you can later review and from the analysis of your recorded cryptocurrency trades you can then find ways of improving your bitcoin trading results based on the analysis you carry out using the review of the bitcoin journal trades.

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