Date:[15/12/2024 ]
Market/Instrument: [ Cryptocurrency]
Trade Type: [ Long]
Entry Price: [530-533.5]
Stop Loss: [525]
Take Profit: [560]
Position Size: [0.3]
Risk/Reward Ratio: [1/6eward Ratio]
Trade Rationale: [Trade set up has broken out if the downward market structure, with the up new money flowing into cryptocurrency after election fuelling the easing of market will be free to move abit as investors are awaiting more clarity on the rules of engagement in crypto. Although price is currently setting at support there is the tendency for it to break above 560 with ease]
Emotional State: [ ( calm, and relax )]
Trade Outcome: [pending]
Lessons Learned: [ lessons learned from trade is pending as the trade is still open]
Tags: [ technical analysis/ fundamental analysis)]
Reflection: [Bullish bias]
Chart: Bybit
Additional Notes: [For a while I have been hearing from other professionals trader that creating a journal give one focus and clear direction and I have been battling with how to start one finally got the format but has been too lazy to try it out but here I am breaking free and making the move]
Second trade GOAT :
Date: 15-12-2024
Market/Instrument: GOAT/USDT
Trade Type: LONG
Entry Price: 0.8-0.75
Stop Loss: 0.74
Take Profit: 1
Position Size: 12-25max
Risk/Reward Ratio: 1:2
Trade Rationale: Filling the fvg on the 4hr tf expecting retracement to test the Sar star which seats at resistance around 0.97
Emotional State: Calm and exited
Trade Outcome: in view already in draw down expecting recovering market open
Lessons Learned: Importance of patience and waiting for confirmation
Tags: technical analysis , candlestick patterns
Reflection: Expecting Trade to performed as expected; consider adjusting position size and SL
Chart: Bybit
Additional Notes: Monitor economic news this week and waiting market information from press releases for potential impact
- Track progress
- Identify patterns
- Refine strategy
- Improve accountability
