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Author Topic: What do you guys use to record your trades?  (Read 285 times)
Shasha80
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July 15, 2020, 02:00:29 AM
 #21

I prefer to record trading manually by using Microsoft Excel or Google Sheets. I do not use platforms online to record because it's
too complicated for me. But the weakness of using Microsoft Excel or Google Sheets can't be too details such as online platforms.
Because I only need buy and sell transactions, so I can find out the amount of profit that I make and the amount of loss that you get.
If you want complete statistics along with pictures of charts, you should use online platforms.

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July 15, 2020, 06:02:03 AM
 #22

I don’t know exactly what you want. What is the purpose of recording your trade? In any case, I think you can use screen capture recording software that is usually used to make explanations on a computer. These programs can record everything and save it in a video file that you can view later.
you can try this free:
http://www.thefreecountry.com/utilities/free-screen-capture-recorders.shtml

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July 15, 2020, 06:25:04 AM
 #23

Eventually a simple word file could be enough. You just need to downwrite the info that is necessary to see patterns and learn about what you need to adjust. Screenshots can help as well, but again, no need to make thigns complicated, a simple folder with all that screenshots in enough, just don´t forget to make notes to the pics so you know what you did there when looking at it somewhen later
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July 15, 2020, 06:29:58 AM
 #24

If we don't want to spend some money to have a automated apps to record our trades then Excel is the best. It's very traditional but one of the best and it is not that complicated to use and there are no learning curves.
I think it depends on how much you earn as well when you trade. It's important when you have a big capital on the line and you are well invested with crypto trading. I feel lazy when you have to put it in manually though, it's tiring and not consistent.

As compare to any software that you are going to get, money + time to invest to learn the system. Or even a simple pen + notebook will also work here specially if you are just beginning your trading journey and wanted to record it.
Having a record would help you evaluate if you are earning or not. I think that the current PNL analysis of the exchange, i.e. Binance, they have a great PNL analysis on your monthly trading and you could see a graph of what you have gained and lost. I think somewhere related to that would be great.

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July 15, 2020, 02:41:38 PM
 #25

Eventually a simple word file could be enough. You just need to downwrite the info that is necessary to see patterns and learn about what you need to adjust. Screenshots can help as well, but again, no need to make thigns complicated, a simple folder with all that screenshots in enough, just don´t forget to make notes to the pics so you know what you did there when looking at it somewhen later
Yes, a simple word file is probably enough to document your trades, Most traders use spreadsheets to record their trades because as we see it is more likely organized than using a simple notepad to input the details. I don't document my trading activities but I think it is easier to use spreadsheets and it is more organized than having a word file with screenshots that is sorted into folders. This will vary depending on the user on which he is more comfortable using.
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July 15, 2020, 02:55:05 PM
 #26

I think blockfolio can also be a good app for this if you are just want to see weekly and monthly statistic of your trade. you can even see  your trade after a year, just make sure that you are always editing the coins you have every time you make a trade so you  can see it right later when you check it.

Even the graph of your trade if you want to see it.

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July 15, 2020, 03:03:03 PM
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 #27

~
I prefer to record trading manually by using Microsoft Excel or Google Sheets. I do not use platforms online to record because it's
too complicated for me. But the weakness of using Microsoft Excel or Google Sheets can't be too details such as online platforms.

I manually record my trades using spreadsheets tools like Google Sheets. It's a personal preference thing. Most people just prefer to use a portfolio management app.   Here's how I record my trades:

– Manually
I use a spreadsheet because it makes this easy for me as I only have to fill in the cells when ever I make trades. The benefits that comes with this is that, I can monitor whether or not I'm making progress. If I'm losing more than I'm gaining, I can easily track this and improve.  The disadvantage with this is that it involves a lot of repetition as I have to fill the cells every time.


– Automatically
I use blockfolio Mobile app. Blockfolio allows for connecting to your exchange account using API. Do this, you can get real-time profit/loss updates. I find it  very useful when used alongside the spreadsheets. Delta is an alternative to Blockfolio.

I recently wrote about some useful trading tools here on the forum.


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July 15, 2020, 03:25:12 PM
 #28

I believe that you don’t have to rely on digital technology very much, because at the most crucial moment it can let you down. I always used Google spreadsheets, notepads on my tablet, creating notes and files for storage and for monitoring my activities. But after my smartphone slowed down, I lost almost everything that I stored there. It was very hard for me to restore everything. After that, I always print all information from an electronic medium through a printer onto paper. therefore, I have always duplicated information in paper form.

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July 15, 2020, 03:40:57 PM
 #29

I need something good where i can record my trades.

What do you recommend? PReferably with possibility to do statistics, upload pictures of charts and so forth.

Much abliged.
You do not really need anything fancy for this use excel or calc and you are good to go, you can do all sorts of statistics there and get a very detailed recording of your trades, and in order to keep pictures of your trades you could manually do this by taking some screen shoots once in a while or you could automate this with a macro, while this may seem like a lot of work it is important to do this by hand at the beginning so you learn from the experience.

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July 16, 2020, 12:05:51 AM
 #30

Eventually a simple word file could be enough. You just need to downwrite the info that is necessary to see patterns and learn about what you need to adjust. Screenshots can help as well, but again, no need to make thigns complicated, a simple folder with all that screenshots in enough, just don´t forget to make notes to the pics so you know what you did there when looking at it somewhen later
Yes, a simple word file is probably enough to document your trades, Most traders use spreadsheets to record their trades because as we see it is more likely organized than using a simple notepad to input the details. I don't document my trading activities but I think it is easier to use spreadsheets and it is more organized than having a word file with screenshots that is sorted into folders. This will vary depending on the user on which he is more comfortable using.
We do not need any apps or services that have payment to use so basically spreadsheet and excel are good to us in order to record our trades. I do recording in order for me to know if I'm in the right track or not, my record compose of win rate, the percentage and amount of my winning trade and losing trade, the date when I execute my trade, the strategy that I use and also the days when I hold it,

A simple spreadsheet with compose that I mention above is good especially if we want to know if we are improving as a trader. Documentation of our past trades are really important so basically we should also give time on it.
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July 16, 2020, 02:15:58 AM
 #31

I don't really record my trades but I do have some screenshot of my past holdings on my phone.
I use blockfolio to keep track of my crypto and how much I have I always take a screenshot of it back then.
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July 16, 2020, 06:19:14 AM
 #32

Many members have already answered your question. Some things are not understood clearly. If you use https://www.tradingview.com, you can keep the record of analysis as well as you can use Excel. It is a good practice to collect records and verify them every month. If you do this, you can catch your mistakes and correct them.
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