Book Image

Zero to Hero in Cryptocurrency Trading

By : Bogdan Vaida
Book Image

Zero to Hero in Cryptocurrency Trading

By: Bogdan Vaida

Overview of this book

In today's fast-paced digital age, cryptocurrencies have emerged as a revolutionary financial asset class, capturing the attention of investors and traders worldwide. However, navigating the world of cryptocurrency trading can be overwhelming for beginners. Zero to Hero in Cryptocurrency Trading acts as a guiding light to navigate this complex realm. This comprehensive guide to cryptocurrency trading empowers you to go from a novice trader to a proficient investor by helping you implement your own trading strategy. As you progress, you’ll gain structured trading knowledge through hands-on examples and real-time scenarios, bolstered by trading psychology and money management techniques. You’ll be able to automate your manual trades with an algorithm that works even while you sleep. You’ll also benefit from interactive teaching methods, including screenshots, charts, and drawings to help decode market operations and craft your unique edge in the dynamic crypto world. As an added bonus, you’ll receive ready-to-use templates to identify useful indicators, test your strategy, and even maintain a trading journal. By the end of this book, you’ll be well-equipped to trade cryptocurrencies and automate manual trading to give you an edge in the markets.
Table of Contents (13 chapters)
9
Chapter 9: What’s Next?

Keeping a trading journal

Robert Collier said, “Success is the sum of small efforts, repeated day in and day out.” Lao Tzu said, “The journey of a thousand miles begins with one step.” Charles Atlas said, “Step by step, and the thing is done.

Figure 6.3 – Trading journal

Figure 6.3 – Trading journal

They all talk about success in steps, but the thing is, success is also a feeling – when you look back and see what you’ve built. And once you’ve identified that feeling, it becomes easier and easier to build toward it.

Now, how can you look back if you’re trading without logging all of your trades, studying what you did well and what you did wrong, and learning from it?

I would argue that a trading journal is a must for any person who calls themselves a trader. You need to have a historical perspective on each trading method you’ve used, to know how good it is, how it behaved in past markets, and...