Ondo chart

Trade Journal - 16 MAR 25

By Myxoplixx | CryptoCurious | 17 Mar 2025


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Crypto trading encompasses a wide variety of strategies, each tailored to different personalities and trading styles. Recognizing your own approach is crucial for long-term success, whether you're a scalper who thrives on quick trades lasting mere minutes, a swing trader who captures gains from short- to medium-term market movements, or a trend follower who patiently rides extended market trends. Successful retail traders typically demonstrate discipline, emotional control, and strong analytical abilities; however, they often encounter challenges, especially when trading on shorter timeframes due to limitations in available software and technology. A common mistake among retail traders is over-trading—making excessive trades driven by emotions or impatience, which can quickly diminish profits and lead to frustration. To avoid this pitfall, it's essential to develop and consistently follow a disciplined trading strategy, helping traders remove emotional impulses from their decisions and achieve more consistent results in the unpredictable cryptocurrency markets.

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My crypto journey started back in 2019, when I first began investing out of curiosity and excitement about the potential of digital assets. At first, my approach was passive, I primarily bought and held tokens, hoping for long-term growth. However, in October 2023, I decided to take a more active role, transitioning from simply holding assets to actively trading them. This shift required me to deepen my understanding of technical analysis and sharpen my trading skills significantly. Crypto Banter's educational courses became a crucial resource during this period, providing me with structured lessons and valuable insights that helped me build a solid foundation in trading. As my experience grew, I realized that standard technical analysis tools didn't fully meet my needs, they lacked the precision and clarity I wanted for analyzing markets effectively. This led me to create my own custom indicators: CryptoMoves and CryptoShakes. These personalized tools allowed me to implement a clear and disciplined trading strategy tailored specifically to my style. I discovered that using the 1-day timeframe offered more reliable signals and reduced the confusion caused by shorter-term market fluctuations. This longer-term approach aligns perfectly with my analytical mindset, helping me make disciplined decisions and avoid emotional reactions during trades.

This day's trades:

trades

How do you rate this article?

19


Myxoplixx
Myxoplixx Verified Member

Just a dude with not so common sense making non-financial observations 😏


CryptoCurious
CryptoCurious

Insight into the cryptoverse, just better than them other jokers 😏

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