5 tips to become a confident = successful trader
The more confident you are, the more productive your trading will be. You do not twitch, do not make unnecessary trades, think clearly, which allows you to correctly analyze the current situation in the market and in your trading journal.
1. The more you understand yourself, the more satisfaction you get from your decisions. You are not worried about a single failure or even a series of failures, because you know what your goal is. And what actions should be taken on the way to it. Therefore, it is important to understand why you need trading, are you ready to engage in it and invest time, or is it a whim of trends?
2. Sometimes talent doesn't work. It is foolish to rely on intuition, talent or the help of the universe. Let you be lucky and take a big jackpot, next time it could be a huge minus. The absence of one stop loss can turn everything in your direction. Nothing adds more confidence than understanding that everything is in order with your position and everything is going according to plan. The main thing is that this plan should be!
3. Lack of discipline undermines your confidence. Trading at random, without a clear strategy, without market analysis and perfect trades - this is the path to the abyss. And we will talk about it repeatedly. You do not need to sit at the monitor for hours and hope for a miracle. You have takes, stops, you know when the markets open, you understand how much you want to take from a particular trade, and if you analyze trades, you can determine the best coin and time to trade. Various widgets in our journal will help you!
4. Correct your mistakes and every time you will become more and more successful and confident trader.
5. Work with a professional mentor to help you develop as a pro. With a mentorship you can:
- improve your professional skills
- maintain a balance between trading and personal life
- understand your strengths and weaknesses
Use the "Mentoring" feature in our journal
The more confident you are, the more productive your trading will be. You do not twitch, do not make unnecessary trades, think clearly, which allows you to correctly analyze the current situation in the market and in your trading journal.
1. The more you understand yourself, the more satisfaction you get from your decisions. You are not worried about a single failure or even a series of failures, because you know what your goal is. And what actions should be taken on the way to it. Therefore, it is important to understand why you need trading, are you ready to engage in it and invest time, or is it a whim of trends?
2. Sometimes talent doesn't work. It is foolish to rely on intuition, talent or the help of the universe. Let you be lucky and take a big jackpot, next time it could be a huge minus. The absence of one stop loss can turn everything in your direction. Nothing adds more confidence than understanding that everything is in order with your position and everything is going according to plan. The main thing is that this plan should be!
3. Lack of discipline undermines your confidence. Trading at random, without a clear strategy, without market analysis and perfect trades - this is the path to the abyss. And we will talk about it repeatedly. You do not need to sit at the monitor for hours and hope for a miracle. You have takes, stops, you know when the markets open, you understand how much you want to take from a particular trade, and if you analyze trades, you can determine the best coin and time to trade. Various widgets in our journal will help you!
4. Correct your mistakes and every time you will become more and more successful and confident trader.
5. Work with a professional mentor to help you develop as a pro. With a mentorship you can:
- improve your professional skills
- maintain a balance between trading and personal life
- understand your strengths and weaknesses
Use the "Mentoring" feature in our journal
Are you a newbie in trading? Have you just recently registered on the exchange and thrown your first hundred dollars there?
Remember that it can easily turn into 0 on the very first trade! To prevent this, we have prepared 5 tips you should know about the crypto trading journal to avoid draining your deposit:
1. Register the journal, and add the exchange API key. And REMEMBER KEEPING IT! Find the info on how to keep the journal in our blog:
🔗 Explore by the link
2. There is a Risk Management feature in the journal. You can set parameters such as risk per trade, risk per deposit, and leverage. The diary will highlight the trades in red if you have not met your RM. It will send you a Telegram notification and tell you when to stop trading and take a break! By setting limits to reduce losses and manage risk, you can finally take your eyes off the screen and spend your trading day more relaxed. We recommend setting no more than 2% risk per trade for beginners. We know how you want to keep watching the movement of candles, then up, then down - stop 😁
3. Telegram-bot will notify you if you violated risk management. Will tell you when the trade is closed and show the profit. You can request a report on your trading day or week. Thanks to our bot, you do not need to worry again, go to the exchange and check trades.
4. The journal was created not just for you to keep track of trades, but for you to learn how to analyze your trading. To do this, do not be lazy to add entry reasons and conclusions. Perhaps you entered the trade because of the fear of lost profits when you saw a sharp rise in the coin, and after entering the position, the trend did not go in your favor. By noticing this, your trading will become more conscious, and therefore more profitable.
5. Take advantage of professional traders' advice! It's FREE! Feedback on your trades will help you understand where you went wrong, and where your weaknesses are. You can take your trading to the next level.
It can be scary to try to figure out “what it's like to keep a journal and analyze trades”, but it's easier than you think! When registering, you will find a step-by-step guide on how to keep a diary.
There is also a video instruction on how to keep a journal on YouTube!
Remember that it can easily turn into 0 on the very first trade! To prevent this, we have prepared 5 tips you should know about the crypto trading journal to avoid draining your deposit:
1. Register the journal, and add the exchange API key. And REMEMBER KEEPING IT! Find the info on how to keep the journal in our blog:
🔗 Explore by the link
2. There is a Risk Management feature in the journal. You can set parameters such as risk per trade, risk per deposit, and leverage. The diary will highlight the trades in red if you have not met your RM. It will send you a Telegram notification and tell you when to stop trading and take a break! By setting limits to reduce losses and manage risk, you can finally take your eyes off the screen and spend your trading day more relaxed. We recommend setting no more than 2% risk per trade for beginners. We know how you want to keep watching the movement of candles, then up, then down - stop 😁
3. Telegram-bot will notify you if you violated risk management. Will tell you when the trade is closed and show the profit. You can request a report on your trading day or week. Thanks to our bot, you do not need to worry again, go to the exchange and check trades.
4. The journal was created not just for you to keep track of trades, but for you to learn how to analyze your trading. To do this, do not be lazy to add entry reasons and conclusions. Perhaps you entered the trade because of the fear of lost profits when you saw a sharp rise in the coin, and after entering the position, the trend did not go in your favor. By noticing this, your trading will become more conscious, and therefore more profitable.
5. Take advantage of professional traders' advice! It's FREE! Feedback on your trades will help you understand where you went wrong, and where your weaknesses are. You can take your trading to the next level.
It can be scary to try to figure out “what it's like to keep a journal and analyze trades”, but it's easier than you think! When registering, you will find a step-by-step guide on how to keep a diary.
There is also a video instruction on how to keep a journal on YouTube!
September is the month of celebrating the TraderMake.Money journal birthday 🔥
In honor of TMM's birthday, we want to arrange giveaway. Here goes 15 months of subscription to the "Trader PRO" tariff:
1 winner - 6 months subscription
2 winners - 3 months subscription
3 winners - 1 month subscription
🔗 Participate on Instagram
We will sum up the results on September 30 using a random number generator!
*** If you already have an active subscription, it will be renewed.
In honor of TMM's birthday, we want to arrange giveaway. Here goes 15 months of subscription to the "Trader PRO" tariff:
1 winner - 6 months subscription
2 winners - 3 months subscription
3 winners - 1 month subscription
🔗 Participate on Instagram
We will sum up the results on September 30 using a random number generator!
*** If you already have an active subscription, it will be renewed.
To be honest… you can't learn trading from books, but
- they could be a great source of extra knowledge
- books can also be a cool starting platform if you are a newbie
Here goes a great TOP to start with:
1 Antifragility. How to capitalize on chaos
by N.Taleb
Taleb formulates simple rules that allow us to overcome fragility and act so that the unpredictable uncertainty that abounds in trading does not harm us - and moreover, to help us improve
2 Long-Term Secrets to Short-Term Trading
by Larry Williams
Larry Williams is a master daytrader. He publicly turned, within a year, $10K into $1.1M in competition. In the book, he describes his methods, which make possible the largest financial returns, but, at the same time, require the strongest concentration, constant attention and vigilance, as well as very strict planning.
3 The Psychology of Trading: Tools and Techniques for Minding the Markets
by Brett N. Steenbarger
How traders can identify and neutralize psychological problems. After all, knowing yourself is just as important as knowing the market, the author claims. The purpose of this book is to help you identify your patterns of success and failure and learn how to better control them
4 Reminiscences of a Stock Operator Paperback
by Edwin Lefèvre
This fictional biography of perhaps one of the greatest financial geniuses in history, Edwin Lefèvre, tells the whole truth about the psychology of markets, investments and stock trading.
5 The Disciplined Trader: Developing Winning Attitudes
by Mark Douglas
The author explains why most traders are not ready to switch to completely different tactics. Drawing on a rare insight gained through personal experience trading in the commodity markets, the author shows why the concepts used to achieve success in society often become serious psychological barriers in the market
Have you already read them? Then take a look today in our stories! There are a couple more secret books for your library
- they could be a great source of extra knowledge
- books can also be a cool starting platform if you are a newbie
Here goes a great TOP to start with:
1 Antifragility. How to capitalize on chaos
by N.Taleb
Taleb formulates simple rules that allow us to overcome fragility and act so that the unpredictable uncertainty that abounds in trading does not harm us - and moreover, to help us improve
2 Long-Term Secrets to Short-Term Trading
by Larry Williams
Larry Williams is a master daytrader. He publicly turned, within a year, $10K into $1.1M in competition. In the book, he describes his methods, which make possible the largest financial returns, but, at the same time, require the strongest concentration, constant attention and vigilance, as well as very strict planning.
3 The Psychology of Trading: Tools and Techniques for Minding the Markets
by Brett N. Steenbarger
How traders can identify and neutralize psychological problems. After all, knowing yourself is just as important as knowing the market, the author claims. The purpose of this book is to help you identify your patterns of success and failure and learn how to better control them
4 Reminiscences of a Stock Operator Paperback
by Edwin Lefèvre
This fictional biography of perhaps one of the greatest financial geniuses in history, Edwin Lefèvre, tells the whole truth about the psychology of markets, investments and stock trading.
5 The Disciplined Trader: Developing Winning Attitudes
by Mark Douglas
The author explains why most traders are not ready to switch to completely different tactics. Drawing on a rare insight gained through personal experience trading in the commodity markets, the author shows why the concepts used to achieve success in society often become serious psychological barriers in the market
Have you already read them? Then take a look today in our stories! There are a couple more secret books for your library
Tomorrow we will announce the winner of our Birthday GIVEAWAY 🚀
Don’t miss a chance to win a subscription to the "Trader PRO" tariff:
🔗 Take a part on Instagram
*If you already have an active subscription, it will be renewed.
Don’t miss a chance to win a subscription to the "Trader PRO" tariff:
🔗 Take a part on Instagram
*If you already have an active subscription, it will be renewed.
A Surprise Update Is Coming Up... 🎁
Oh, we are so eager to present you with our new engine as soon as possible!
The rapid growth over the past two years began to affect the speed and stability of workflow. So, for the last half a year the whole team has been working on a new TMM version. And we are at the finish line! Hope 🤞 to start the beta test in late Oct or early Nov. Let's fly a rocket in 2023 🚀
The update is so comprehensive, all servers are migrating with all your data on them. Do not panic! It's safe 👌
The update gonna be released in several stages:
1st stage is a closed beta test, accessible to the traders who have applied.
There will be an announcement and an opportunity to apply in our Telegram (follow the updates). You will get a premium subscription or an extension of your current one, for participation in the testing.
* The current version of the journal will also be available at the same time.
2nd stage. Everyone will get an opportunity to upgrade to the new version in the dashboard, after the closed beta test is finished. The old version will no longer be the main one. The public profiles, trades and TOP traders will switch to the new version.
__
The transition phase will last at least 3 months. If during this period you have not migrated to the new version, your data will be archived and the transition will be available only upon request.
The update will make the service more reliable and stable. Everything you are used to will remain unchanged, just in a new design 🛸
👀 Let's see what's new: https://tradermake.money/blog/update-october-2022/
Oh, we are so eager to present you with our new engine as soon as possible!
The rapid growth over the past two years began to affect the speed and stability of workflow. So, for the last half a year the whole team has been working on a new TMM version. And we are at the finish line! Hope 🤞 to start the beta test in late Oct or early Nov. Let's fly a rocket in 2023 🚀
The update is so comprehensive, all servers are migrating with all your data on them. Do not panic! It's safe 👌
The update gonna be released in several stages:
1st stage is a closed beta test, accessible to the traders who have applied.
There will be an announcement and an opportunity to apply in our Telegram (follow the updates). You will get a premium subscription or an extension of your current one, for participation in the testing.
* The current version of the journal will also be available at the same time.
2nd stage. Everyone will get an opportunity to upgrade to the new version in the dashboard, after the closed beta test is finished. The old version will no longer be the main one. The public profiles, trades and TOP traders will switch to the new version.
__
The transition phase will last at least 3 months. If during this period you have not migrated to the new version, your data will be archived and the transition will be available only upon request.
The update will make the service more reliable and stable. Everything you are used to will remain unchanged, just in a new design 🛸
👀 Let's see what's new: https://tradermake.money/blog/update-october-2022/
Trader Make Money Blog and News
A Surprise Update Is Coming Up... 🎁
Oh, we are so eager to present you with our new engine as soon as possible! The rapid growth over the past two years began to affect the speed of work and stable service. So for the last half a year the whole team has been working on a new
Analyzing your past trades is one of the best ways to improve your future ones. If you do not monitor the reasons and factors that make you enter a trade, you will not understand where you are wrong and what needs to be improved.
Change the way you trading by applying a trading journal! TraderMake.Money is one of the best diaries on the market today. Our top priority is to make it convenient for you to track your trading progress. You can easily find days, times and coins that bring you the most profit, evaluating your trade history with TMM journal!
☝️Please note! There is only a month trading history with the Novice plan. This may not be enough to fully appreciate your trading history and recurring mistakes.
On the tariffs "Trader" and "Trader PRO" your data is stored indefinitely! You can also add more widgets for analysis, enable risk management, and upload screenshots.
Change the way you trading by applying a trading journal! TraderMake.Money is one of the best diaries on the market today. Our top priority is to make it convenient for you to track your trading progress. You can easily find days, times and coins that bring you the most profit, evaluating your trade history with TMM journal!
☝️Please note! There is only a month trading history with the Novice plan. This may not be enough to fully appreciate your trading history and recurring mistakes.
On the tariffs "Trader" and "Trader PRO" your data is stored indefinitely! You can also add more widgets for analysis, enable risk management, and upload screenshots.
3️⃣ steps to take if you lose your deposit:
It's a common practice that you invest your first $100 and go into the red. But remember, even losing a deposit can teach you (the trading is tricky 😉). With a little more knowledge and process automation, the path to success will be open.
So, how to deal with a situation when you have lost your deposit?
Step 1️⃣. Liquidation always causes emotions that are difficult to cope with. For some, this is a desire to win back everything as soon as possible, fill in a new deposit, increase leverage and win back losses here now. But the first rule is to stop. Move away from trading until you return to a neutral emotional background. Usually it is at least 24 hours. An attempt to recoup, successful or not, leads to even greater losses in the future. Someone gives up and quits trading, there is nothing wrong with losing a deposit. Every trader went through this experience, it is an integral part of the path of becoming a successful trader. The way you act after liquidation will guide you further in development.
There are a few more tips on how to avoid unnecessary trading stress in this infographic 👉 https://t.me/tmm_en/140
Step 2️⃣. Any result must be analyzed. Go back to each of your trades and explore your triggers and mistakes. Do not self-dig! Just benefit from your mistakes!
Automate your trade analytics with the trading diary 👉 http://tradermake.money. Your trading will no more be exhausting, but profitable.
Do you use TMM diary on 100%?
✔️ Automated trades migration from the exchange
✔️ Customized dashboard with many widgets for quick analytics
✔️ Telegram-chatbot shows a report on your trades, notifies you about the order execution and trade closing, displays the profit
✔️ "Mentorship" feature is free consultations from professional crypto traders for all the users
✔️ TOP coins is your assistant to find the best coins to trade (based on filled orders by TMM traders)
If you are a newbie, start to analyze your trading with the diary with this guide 👉 https://tradermake.money/blog/how-trader-journal-helps-to-improve-your-trading/
Step 3️⃣. Gradually return to the game. When you understand your mistakes, it is easy to avoid them, and then increase your trading pace. And the automated trading diary will become your compass to trade confidently, steadily increase your income and reduce the number of times when you have another zero balance.
It's a common practice that you invest your first $100 and go into the red. But remember, even losing a deposit can teach you (the trading is tricky 😉). With a little more knowledge and process automation, the path to success will be open.
So, how to deal with a situation when you have lost your deposit?
Step 1️⃣. Liquidation always causes emotions that are difficult to cope with. For some, this is a desire to win back everything as soon as possible, fill in a new deposit, increase leverage and win back losses here now. But the first rule is to stop. Move away from trading until you return to a neutral emotional background. Usually it is at least 24 hours. An attempt to recoup, successful or not, leads to even greater losses in the future. Someone gives up and quits trading, there is nothing wrong with losing a deposit. Every trader went through this experience, it is an integral part of the path of becoming a successful trader. The way you act after liquidation will guide you further in development.
There are a few more tips on how to avoid unnecessary trading stress in this infographic 👉 https://t.me/tmm_en/140
Step 2️⃣. Any result must be analyzed. Go back to each of your trades and explore your triggers and mistakes. Do not self-dig! Just benefit from your mistakes!
Automate your trade analytics with the trading diary 👉 http://tradermake.money. Your trading will no more be exhausting, but profitable.
Do you use TMM diary on 100%?
✔️ Automated trades migration from the exchange
✔️ Customized dashboard with many widgets for quick analytics
✔️ Telegram-chatbot shows a report on your trades, notifies you about the order execution and trade closing, displays the profit
✔️ "Mentorship" feature is free consultations from professional crypto traders for all the users
✔️ TOP coins is your assistant to find the best coins to trade (based on filled orders by TMM traders)
If you are a newbie, start to analyze your trading with the diary with this guide 👉 https://tradermake.money/blog/how-trader-journal-helps-to-improve-your-trading/
Step 3️⃣. Gradually return to the game. When you understand your mistakes, it is easy to avoid them, and then increase your trading pace. And the automated trading diary will become your compass to trade confidently, steadily increase your income and reduce the number of times when you have another zero balance.
🔥🔥🔥 We are ready to announce the launch of the closed Beta Test of the new TMM version!
[What’s new, explore here 👉 https://tradermake.money/blog/update-october-2022/]
The TMM team has been working on a new version for the last half a year. And we are at the finish line! 🤞 The 1st stage is coming. It’s a closed beta test, accessible to the traders who have applied.
- The current working version of the journal will still be available.
- Active Beta testers will receive subscription bonuses.
Here goes the registration form to participate in the Beta Test 👇
https://docs.google.com/forms/d/e/1FAIpQLSdJwOXdDblGKqKDzPkruHzMOMzMKXPy7JYFuB_Zd67_tTzAOw/viewform?usp=sharing
*** Please, take note: by submitting an application, you agree to the terms of participation. Do not panic! It's safe 👌
__
❗️ Other TMM traders will get an opportunity to upgrade to the new version in the dashboard after the closed beta test is finished. The old version will no longer be the main one.
[What’s new, explore here 👉 https://tradermake.money/blog/update-october-2022/]
The TMM team has been working on a new version for the last half a year. And we are at the finish line! 🤞 The 1st stage is coming. It’s a closed beta test, accessible to the traders who have applied.
- The current working version of the journal will still be available.
- Active Beta testers will receive subscription bonuses.
Here goes the registration form to participate in the Beta Test 👇
https://docs.google.com/forms/d/e/1FAIpQLSdJwOXdDblGKqKDzPkruHzMOMzMKXPy7JYFuB_Zd67_tTzAOw/viewform?usp=sharing
*** Please, take note: by submitting an application, you agree to the terms of participation. Do not panic! It's safe 👌
__
❗️ Other TMM traders will get an opportunity to upgrade to the new version in the dashboard after the closed beta test is finished. The old version will no longer be the main one.
6 Tips: How to Save Up to 34 Hours a Week with TraderMake.Money Trading Journal
Keeping a trading journal doesn't have to be complicated or time-consuming. The main goal of the journal is to free up your time for strategy by offloading reporting trades routine.
The tips below will save you a lot of time and money (because they will help you avoid losing trades):
▪️ Tip 1. Connect all your exchanges' accounts to the journal. So you can see a detailed report on all the trades on one screen.
Constant monitoring, switching accounts, and even tabs in the browser takes a lot of time and reduces your productivity. Automation is one of the best ways to go deeper into analysis and save time on routine.
⏳Saved time: 7 hours a week as you don't have to collect (and write down) your trades from different sources
▪️ Tip 2. Use the journal to add an entry reason to each trade. Then use the "Profit by Entry Reasons" widget to analyze which reasons bring in money and which do not.
⏳Saved time: 3 hours a week, you will stop making inefficient trades (the money saved is an invaluable bonus).
▪️Tip 3. Stop trading on red days and time. Choose the widget “Profit by days of the week” and “Profit by time of day” to determine the right time. The information from these widgets will help you correctly build your work schedule.
⏳Saved time: Up to 1 day a week, as you eliminate inefficient hours and even days!
▪️Tip 4. Sync your account with the Telegram-bot. Your phone is always at hand and here goes our chatbot! It will notify you of the status of your trade in two clicks. It is very convenient and fast.
Saved time: 1 hour per week due to quick access to trades.
▪️Tip 5. Analyze your weekly and monthly results using the "Journal" tab. What could be improved, and what mistakes do you repeat? Mark the month/week rating, to monitor your trading success. Plane a month/week to understand where you are moving, and create a strategy.
⏳Saved time: Up to 1 hour per day with a clear view of where you are going
▪️Tip 6. Customize your widgets dashboard. You can create a separate board for different exchanges or analyze futures and spot separately. Dozens of widgets with different indicators and the ability to combine them according to the parameters you need - these are unlimited possibilities!
P.S. we are the world's only trading analysis tool for the Binance Spot market!
⏳ Saved time: 14 hours a week, thanks to the convenient and fast analysis of your trade
The more time you save, the more you earn, don't you?
Keeping a trading journal doesn't have to be complicated or time-consuming. The main goal of the journal is to free up your time for strategy by offloading reporting trades routine.
The tips below will save you a lot of time and money (because they will help you avoid losing trades):
▪️ Tip 1. Connect all your exchanges' accounts to the journal. So you can see a detailed report on all the trades on one screen.
Constant monitoring, switching accounts, and even tabs in the browser takes a lot of time and reduces your productivity. Automation is one of the best ways to go deeper into analysis and save time on routine.
⏳Saved time: 7 hours a week as you don't have to collect (and write down) your trades from different sources
▪️ Tip 2. Use the journal to add an entry reason to each trade. Then use the "Profit by Entry Reasons" widget to analyze which reasons bring in money and which do not.
⏳Saved time: 3 hours a week, you will stop making inefficient trades (the money saved is an invaluable bonus).
▪️Tip 3. Stop trading on red days and time. Choose the widget “Profit by days of the week” and “Profit by time of day” to determine the right time. The information from these widgets will help you correctly build your work schedule.
⏳Saved time: Up to 1 day a week, as you eliminate inefficient hours and even days!
▪️Tip 4. Sync your account with the Telegram-bot. Your phone is always at hand and here goes our chatbot! It will notify you of the status of your trade in two clicks. It is very convenient and fast.
Saved time: 1 hour per week due to quick access to trades.
▪️Tip 5. Analyze your weekly and monthly results using the "Journal" tab. What could be improved, and what mistakes do you repeat? Mark the month/week rating, to monitor your trading success. Plane a month/week to understand where you are moving, and create a strategy.
⏳Saved time: Up to 1 hour per day with a clear view of where you are going
▪️Tip 6. Customize your widgets dashboard. You can create a separate board for different exchanges or analyze futures and spot separately. Dozens of widgets with different indicators and the ability to combine them according to the parameters you need - these are unlimited possibilities!
P.S. we are the world's only trading analysis tool for the Binance Spot market!
⏳ Saved time: 14 hours a week, thanks to the convenient and fast analysis of your trade
The more time you save, the more you earn, don't you?
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VIEW IN TELEGRAM
A trade entry reasons: why and how to track them
Tracking entry reasons is an important aspect of trading analysis. Test yourself: is the reason why you regularly enter a trade (with the hope of getting a profit) actually so profitable? But you repeat it again and again, don’t you?
By tracking the entry reasons, you can determine the patterns of your behavior and eliminate negative (unprofitable) moments. They can also help to find out in which market situations you are weak, for example, if you do not accurately determine the trading signal in the hope of a breakdown, enter a trade and fail.
Tracking the entry reasons and analyzing their impact on your strategy is very convenient with our journal. We have developed a cool functionality for this: add your reasons to each trade in the “My Trades” screen and then easily analyze them using the “Profit by Entry Reasons” widget.
❗️Tracking the entry reasons with the diary, you protect yourself from unreasonable trades. The more reasons, the higher chance of working off, so before entering a trade, have at least 2 reasons.
We demonstrate how to do it in the video👆
You will see your profitable and unprofitable entry reasons, and based on this info, you will be able to form or correct your trading strategy!
Tracking entry reasons is an important aspect of trading analysis. Test yourself: is the reason why you regularly enter a trade (with the hope of getting a profit) actually so profitable? But you repeat it again and again, don’t you?
By tracking the entry reasons, you can determine the patterns of your behavior and eliminate negative (unprofitable) moments. They can also help to find out in which market situations you are weak, for example, if you do not accurately determine the trading signal in the hope of a breakdown, enter a trade and fail.
Tracking the entry reasons and analyzing their impact on your strategy is very convenient with our journal. We have developed a cool functionality for this: add your reasons to each trade in the “My Trades” screen and then easily analyze them using the “Profit by Entry Reasons” widget.
❗️Tracking the entry reasons with the diary, you protect yourself from unreasonable trades. The more reasons, the higher chance of working off, so before entering a trade, have at least 2 reasons.
We demonstrate how to do it in the video👆
You will see your profitable and unprofitable entry reasons, and based on this info, you will be able to form or correct your trading strategy!
🔥🔥🔥 The new TMM version is now available!
The TMM team has been working on a new version for the last half a year. And we are ready to announce a wide release!
Enjoy a new TMM journal version where the interface, Telegram-bot, and Traders TOP will be fully updated!
What makes this version unique is
- Instant trades and balance calculation
- Open trades will get more and more accurate information
[Explore here for more 👉 https://tradermake.money/blog/update-october-2022/]
______________
How to migrate? 👇
You need to log in with your username and password at:
https://tradermake.money/app2/auth/login/
a mirror: https://tradermakemoney.com/app2/auth/login/
If you want to transfer all your trades and notes, then use your old version login and password. After logging in, the journal informs you that the migration has started, and you will be able to log in 10-15 minutes.
If you don’t want to transfer your old data, you can register again.
After the migration is completed, the API keys will be disabled. You need to manually enable them after you make sure that the migration has gone well.👌
❗️ Please note that the old version will no longer be the main one. The old and new versions are not connected, and after the transition, you should use only a new version.
The TMM team has been working on a new version for the last half a year. And we are ready to announce a wide release!
Enjoy a new TMM journal version where the interface, Telegram-bot, and Traders TOP will be fully updated!
What makes this version unique is
- Instant trades and balance calculation
- Open trades will get more and more accurate information
[Explore here for more 👉 https://tradermake.money/blog/update-october-2022/]
______________
How to migrate? 👇
You need to log in with your username and password at:
https://tradermake.money/app2/auth/login/
a mirror: https://tradermakemoney.com/app2/auth/login/
If you want to transfer all your trades and notes, then use your old version login and password. After logging in, the journal informs you that the migration has started, and you will be able to log in 10-15 minutes.
If you don’t want to transfer your old data, you can register again.
After the migration is completed, the API keys will be disabled. You need to manually enable them after you make sure that the migration has gone well.👌
❗️ Please note that the old version will no longer be the main one. The old and new versions are not connected, and after the transition, you should use only a new version.
Nowadays, we can hear people saying that crypto trading is a new profession, some modern trend.
But is it true?
Yes, cryptocurrency assets have just arrived recently relative to other financial instruments; their history would not even have been 15 years. But, when it comes down to it, crypto is just one of those assets—a financial tool for trading. Also, the idea of trading and what it means to be a "trader" is much broader than you might think. It is not limited to cryptocurrency, a particular exchange, or even our century.
The most important thing you should know about trading is that it is a full-time profession. It is not just a hobby. And, just like any profession, trading has its own history, which shows that it requires great discipline and self-sacrifice. In fact, the theories and principles we use today came from the experiences and contributions of people in the past, which helped the profession grow and develop.
The history of trading is very old. It goes back more than 500 years.
We studied history to study its lessons. Knowing the history of exchanges and trading, and how the crises went, we can learn from this experience and someday put it into practice in modern realities.
- The first securities on the stock exchange arose in Holland thanks to the “changers” - the first brokers.
- In the 16th century, the first professional community of brokers was founded in London.
- Exchanges spread all over the world: In 1771, the Vienna Stock Exchange was founded to trade government securities. In Russia, the first stock exchange appeared in 1703. In 1790, the first American Exchange was founded - in Philadelphia, then a couple of years later in New York.
- The first terrible stock market crisis - "Black Thursday" 1929, is considered the beginning of the Great Depression in the US. In 1973, the doomsday crisis broke out, leading to the fall of global financial markets. Then Black Monday 1987, when the Dow Jones fell 22.6%. And finally, the biggest crisis of our millennium in 2008, connected with the mortgage bubble in America. But as history shows, any crisis has gone and given the opportunity!
---
Exchange trading, as an institution, has come to a long and thorny path, from a small fair to high-tech exchange trading. Today, thanks to the development of technology, everyone, even a schoolboy, can become a trader, but it is essential to remember that this is a full-fledged profession that requires certain experience. And as we said, discipline and self-sacrifice!
More about the history of trading is in our new article - History of Trading and Why You Should Know It
But is it true?
Yes, cryptocurrency assets have just arrived recently relative to other financial instruments; their history would not even have been 15 years. But, when it comes down to it, crypto is just one of those assets—a financial tool for trading. Also, the idea of trading and what it means to be a "trader" is much broader than you might think. It is not limited to cryptocurrency, a particular exchange, or even our century.
The most important thing you should know about trading is that it is a full-time profession. It is not just a hobby. And, just like any profession, trading has its own history, which shows that it requires great discipline and self-sacrifice. In fact, the theories and principles we use today came from the experiences and contributions of people in the past, which helped the profession grow and develop.
The history of trading is very old. It goes back more than 500 years.
We studied history to study its lessons. Knowing the history of exchanges and trading, and how the crises went, we can learn from this experience and someday put it into practice in modern realities.
- The first securities on the stock exchange arose in Holland thanks to the “changers” - the first brokers.
- In the 16th century, the first professional community of brokers was founded in London.
- Exchanges spread all over the world: In 1771, the Vienna Stock Exchange was founded to trade government securities. In Russia, the first stock exchange appeared in 1703. In 1790, the first American Exchange was founded - in Philadelphia, then a couple of years later in New York.
- The first terrible stock market crisis - "Black Thursday" 1929, is considered the beginning of the Great Depression in the US. In 1973, the doomsday crisis broke out, leading to the fall of global financial markets. Then Black Monday 1987, when the Dow Jones fell 22.6%. And finally, the biggest crisis of our millennium in 2008, connected with the mortgage bubble in America. But as history shows, any crisis has gone and given the opportunity!
---
Exchange trading, as an institution, has come to a long and thorny path, from a small fair to high-tech exchange trading. Today, thanks to the development of technology, everyone, even a schoolboy, can become a trader, but it is essential to remember that this is a full-fledged profession that requires certain experience. And as we said, discipline and self-sacrifice!
More about the history of trading is in our new article - History of Trading and Why You Should Know It
TMM’s GIVEAWAY 🔥
Our journal’s heart has got a total upgrade so we want as many traders as possible to appreciate the new cool journal features, which help quickly and easily analyze your trading and improve it!
🎁 You can increase your deposit and start strategizing your trading, because we are giving away a prize pool of $2023🎄, 3 yearly PRO subscriptions, and 23 monthly PRO subscriptions for any 23 participants!
It's a cool New Year’s gift, isn't it?
To take part:
1. You need to post a video/story/publication on any socials where you talk about the journal tool you like the most (what you use regularly to analyze your trading 🙂)
2. Tag TMM profile so we don't lose your post.❗️Your profile must be public.
We accept any kind of content: a text short story or a video. Your creativity is unlimited 😉
_______
On December 26, the TMM team will choose 10 best works, and then a randomizer will determine 3 finalists among them.
And also random 23 participants will receive 23 monthly PRO subscriptions 🎁
_______
If you have never used the TMM journal, you have time to register, test it and compete for a prize.
Our socials to tag:
Telegram — @tmm_en
Instagram — @tradermake.money
Twitter — @TradermakeM
Youtube — @tradermakemoney
TikTok — @tradermake.money
Our journal’s heart has got a total upgrade so we want as many traders as possible to appreciate the new cool journal features, which help quickly and easily analyze your trading and improve it!
🎁 You can increase your deposit and start strategizing your trading, because we are giving away a prize pool of $2023🎄, 3 yearly PRO subscriptions, and 23 monthly PRO subscriptions for any 23 participants!
It's a cool New Year’s gift, isn't it?
To take part:
1. You need to post a video/story/publication on any socials where you talk about the journal tool you like the most (what you use regularly to analyze your trading 🙂)
2. Tag TMM profile so we don't lose your post.❗️Your profile must be public.
We accept any kind of content: a text short story or a video. Your creativity is unlimited 😉
_______
On December 26, the TMM team will choose 10 best works, and then a randomizer will determine 3 finalists among them.
And also random 23 participants will receive 23 monthly PRO subscriptions 🎁
_______
If you have never used the TMM journal, you have time to register, test it and compete for a prize.
Our socials to tag:
Telegram — @tmm_en
Instagram — @tradermake.money
Twitter — @TradermakeM
Youtube — @tradermakemoney
TikTok — @tradermake.money
Binance has sent a notice to many to remove old non-whitelisted API keys.
The solution to this issue is quite simple, on the exchange website you need to create a tax report key (this key is no different from any other, except that it is always "read-only" and there are no other options).
After creating this key, go to the "my api keys" section on the site and click edit your current api key by clicking on the pencil (screen No. 3) and paste your key.
Done, the site itself recognizes the new key and reconnects.
Second option to add whitelist all IPs:
P.S. what to do if there is an error?
most likely you mixed up the accounts on the exchange. You can edit the key only if the account on the exchange remains identical.
The solution to this issue is quite simple, on the exchange website you need to create a tax report key (this key is no different from any other, except that it is always "read-only" and there are no other options).
After creating this key, go to the "my api keys" section on the site and click edit your current api key by clicking on the pencil (screen No. 3) and paste your key.
Done, the site itself recognizes the new key and reconnects.
Second option to add whitelist all IPs:
161.35.209.201 138.68.107.42 161.35.195.168 164.90.176.174 164.90.176.126 161.35.195.170 161.35.195.234 164.90.176.87 164.90.176.193 164.90.176.152 206.189.55.215 64.225.108.231 207.154.230.250 165.232.64.151 164.90.169.118 161.35.66.157
P.S. what to do if there is an error?
most likely you mixed up the accounts on the exchange. You can edit the key only if the account on the exchange remains identical.
Trader Make Money pinned «TMM’s GIVEAWAY 🔥 Our journal’s heart has got a total upgrade so we want as many traders as possible to appreciate the new cool journal features, which help quickly and easily analyze your trading and improve it! 🎁 You can increase your deposit and start…»
WIN PRIZES
“I can't stress this enough but journaling is fundamental for successful trading…”
"Trader Make Money is a trading journal designed to help you keep track of your trades, performance, and progress…»
— here what’s our users say🔥 There are two days left, but you have time to take part!
Recall the prizes:
🥇 1st place - $300 + yearly PRO subscription
🥈 2nd place - $150 + yearly PRO subscription
🥉 3rd place - $100 + yearly PRO subscription
+ 23 participants will get 23 monthly PRO subscriptions!
What to do: post a video/story/publication on any socials where you talk about the journal tool you like the most and tag the TMM. Read more 👉 https://t.me/tmm_en/163
Results on Monday, December 26th!
“I can't stress this enough but journaling is fundamental for successful trading…”
"Trader Make Money is a trading journal designed to help you keep track of your trades, performance, and progress…»
— here what’s our users say🔥 There are two days left, but you have time to take part!
Recall the prizes:
🥇 1st place - $300 + yearly PRO subscription
🥈 2nd place - $150 + yearly PRO subscription
🥉 3rd place - $100 + yearly PRO subscription
+ 23 participants will get 23 monthly PRO subscriptions!
What to do: post a video/story/publication on any socials where you talk about the journal tool you like the most and tag the TMM. Read more 👉 https://t.me/tmm_en/163
Results on Monday, December 26th!
Dear traders,
As the year comes to a close, we wanted to take a moment to reflect on the challenges that the crypto industry has faced in the past year. It's been a difficult year for all of us, but we are grateful for your continued support and trust in our company.
Despite the bear market, we have made great strides in improving and expanding our platform. We released a global update that has significantly enhanced the user experience, and we are always working to find new ways to improve and delight our customers.
The experience we have gained this year will be invaluable as we navigate any future trading challenges. As we look ahead to the new year, we are excited to continue growing and expanding our functionality. We are committed to providing the best possible service to our clients and we are confident that the future holds great things for the crypto industry.
We hope that you have a Merry Christmas and a happy holiday season. We look forward to continuing to serve you in the new year.
Sincerely,
Nikita CEO TraderMakeMoney
As the year comes to a close, we wanted to take a moment to reflect on the challenges that the crypto industry has faced in the past year. It's been a difficult year for all of us, but we are grateful for your continued support and trust in our company.
Despite the bear market, we have made great strides in improving and expanding our platform. We released a global update that has significantly enhanced the user experience, and we are always working to find new ways to improve and delight our customers.
The experience we have gained this year will be invaluable as we navigate any future trading challenges. As we look ahead to the new year, we are excited to continue growing and expanding our functionality. We are committed to providing the best possible service to our clients and we are confident that the future holds great things for the crypto industry.
We hope that you have a Merry Christmas and a happy holiday season. We look forward to continuing to serve you in the new year.
Sincerely,
Nikita CEO TraderMakeMoney