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Author Topic: How do you keep track of your wins/losses ?  (Read 2052 times)
Potato Chips
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September 04, 2017, 09:24:01 PM
 #61

I use a simple excel sheet  Grin
This is a very smart approach though. But you can use some other means to keep track of these things. This is something which depends entirely on what sort of business you have. If you have a small business, then you can manage it possibly but for a large business it might not be possible.

What business are you talking about anyway? He's using an excel sheet to keep track of his wins and losses in trading so how is business related to that?

do you own an exchange or what? lol. back to the question, i don't use any recording medium to keep track but instead i just use my trades history on my

account although its good to make sure the exhange isn't cheating or something. but on the other hand i have some sketches of my strategies and yeah i

usually spend a few hours on it.

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September 05, 2017, 04:48:13 AM
 #62

I personally use a spreadsheet but I'm sure there are better way to do it.

Do you know any good websites/apps to do it?

to monitor and analyze the results of profit or lose in tradingkan poloniex provide trading analysis facilities on the web, you can play in the market
https://poloniex.com/
to analyze you can come here
https://poloniex.com/tradeHistory#analysis
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September 05, 2017, 07:38:11 AM
 #63

I personally use a spreadsheet but I'm sure there are better way to do it.

Do you know any good websites/apps to do it?

if trading is better to use the blockfolio in google playstore the more features of the apps .. just read the playstore or download it as you expect that apps. If you're using a gambling calculator you can easily compete with your losses and win but you can not order them to stop gambling. In the gamble when you win you do not stop losing you more and more stops until your capital is not exhausted.
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September 06, 2017, 08:17:28 AM
 #64

I use a simple excel sheet  Grin


This is a very smart approach though. But you can use some other means to keep track of these things. This is something which depends entirely on what sort of business you have. If you have a small business, then you can manage it possibly but for a large business it might not be possible.


All time favorite excel sheets are doing best job for me as well. Since I have not much diversified portfolio, it is okay for me to keep all record in excel. Furthermore I can easily calculate my earnings and formulas by using simple formulas. Yep! For large businesses, you need proper software.

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September 06, 2017, 09:06:13 AM
 #65

I really don't engage in a lot of coins at the same time, so its pretty much easy for me to track them as I can by default know the amount I bought, the current price, and what price I intend to sell. For someone dealing in large stocks of coin would need a tool to make that possible.

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September 06, 2017, 12:15:57 PM
 #66

I personally use a spreadsheet but I'm sure there are better way to do it.

Do you know any good websites/apps to do it?

to monitor and analyze the results of profit or lose in tradingkan poloniex provide trading analysis facilities on the web, you can play in the market
https://poloniex.com/
to analyze you can come here
https://poloniex.com/tradeHistory#analysis


Most trading exchanges have this option so if you're that focused on too much detail, you can use this on polo or any pf the exchanges that you're trading on. No need for spreadsheets

 
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September 08, 2017, 10:06:37 AM
 #67

i am not using any document and i think its enough if i only use the history from poloniex and bittrex because i am not too often track my wins or losses. but if i really want to then i can open my history buying and selling and see how much i made. tracking our wins/losses is good because we can know how good we make profit or loss and beside that we can learn many thing from our history trading.

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September 08, 2017, 10:29:29 AM
 #68

I cannot say any advice about this because i am still a new trader. As of now,  i keep on looking at the history of my transaction, it is my simple way of tracing my win/loss.

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September 08, 2017, 12:50:39 PM
 #69

While trading? I don't really use anything personally. I start with a specific amount and I end up with a different amount, If its bigger then I actually did good otherwise I didn't and in addition to that, I just watch the price when It rise because the point from trading is to simply buy low and sell high, now If you are talking about gambling that I see no use for a spreadsheet as the sites actually have logs and they should be visible in your profile regardless of the site you are site.

For tracking the wins and losses of trading business,i use spreadsheet and also a notebook for handwritten notes.  Smiley Wink It's just my style of maintaining records.Now you may ask why you need two records,that is because in handwritten journal i actually maintain all the trade details right from date of the trade,trade number,cryptocurrency name,timing,reason for taking entry and exit,buy setup, exit setup,risk/reward ratio,target,stop loss,trailing stop loss,etc. But in spreadsheet  i enter all those things along with the SNAPSHOT of that particular trade . I have been told from my mentor that many professional trader like Dr k Van Tharp,Mark Douglas  Shocked  even today they maintain a journal along with the PICTURES of those trade so that they remember that trade for a long period of time and its easy for them to maintain their loss and wins trade details.I recommend you also to follow this rule. Cool

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September 08, 2017, 01:25:26 PM
 #70

i am not using any document and i think its enough if i only use the history from poloniex and bittrex because i am not too often track my wins or losses. but if i really want to then i can open my history buying and selling and see how much i made. tracking our wins/losses is good because we can know how good we make profit or loss and beside that we can learn many thing from our history trading.
Yes This is how I think about it too. There is no need to keep any documents of trade. When all such facilities are available on the exchange where you trade, they record your each and every transaction which is saved in your history. It seems to me like just wasting my time when I do it manually while I can get my trading history with a single click.
The only chance where someone is using multiple exchanges for trading with a huge portfolio then if you want analysis of your trade in a single sheet then it makes sense otherwise it is purely wasting time and nothing else.
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September 12, 2017, 09:38:32 AM
 #71

i am not using any document and i think its enough if i only use the history from poloniex and bittrex because i am not too often track my wins or losses. but if i really want to then i can open my history buying and selling and see how much i made. tracking our wins/losses is good because we can know how good we make profit or loss and beside that we can learn many thing from our history trading.
Well to keep track of my winnings or losses I have made a document file to keep records. Another thing I do is that I have prepared an excel sheet which have all the required information I need record of my winnings and losses, profits and total investments I have made or planning to make in future. And notes how to overcome my losses.

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September 16, 2017, 07:41:38 AM
 #72

i am not using any document and i think its enough if i only use the history from poloniex and bittrex because i am not too often track my wins or losses. but if i really want to then i can open my history buying and selling and see how much i made. tracking our wins/losses is good because we can know how good we make profit or loss and beside that we can learn many thing from our history trading.
Well to keep track of my winnings or losses I have made a document file to keep records. Another thing I do is that I have prepared an excel sheet which have all the required information I need record of my winnings and losses, profits and total investments I have made or planning to make in future. And notes how to overcome my losses.
Indeed! Excel sheets help a lot in maintaining records. I am happy to sue them because there are many formulas applicable in excel sheets that can help you calculate losses and profits within seconds. I do appreciate keeping backups of this file in case of any damage to file may not result in loss of data.
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September 16, 2017, 11:06:28 AM
 #73

Use www.cryptocompare.com to keep track of my portfolio and the actual profit and loss in real time

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September 18, 2017, 03:53:02 AM
 #74

I personally use a spreadsheet but I'm sure there are better way to do it.

Do you know any good websites/apps to do it?
it seems like the way you do is also good. I usually monitor my advantages and disadvantages by taking notes on paper making it easier for me to view my trading history on a daily basis.
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September 26, 2017, 08:28:41 AM
 #75

i am not using any document and i think its enough if i only use the history from poloniex and bittrex because i am not too often track my wins or losses. but if i really want to then i can open my history buying and selling and see how much i made. tracking our wins/losses is good because we can know how good we make profit or loss and beside that we can learn many thing from our history trading.
Well to keep track of my winnings or losses I have made a document file to keep records. Another thing I do is that I have prepared an excel sheet which have all the required information I need record of my winnings and losses, profits and total investments I have made or planning to make in future. And notes how to overcome my losses.
To keep the track of my winnings and loses I have made a google chart to remember the decisions I have taken while making that deal and to analyze what mistakes I have done in the past. This all give me strength to overcome mistakes while losses and encouragement over the winnings while trading bitcoins.
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September 26, 2017, 11:55:37 AM
 #76

Aside from the various enabling tools around and even from the exchange sites itself, I have the flair to keep few coins rather than having more than enough or just jumping on anyone I lay my hands on.

With the few stock of coins in my port-folio, it gives me the opportunity to even track them in the few exchange sites I am operating in their cyber space. I go in, make some trades, open up on some preferred orders and exit to focus on something else. When the level is reached, the sale is made so I dont really need to bother myself.
 
On the other hand, if it seems the market is not going towards that direction, I exit and make a fresh order. Its as simple as that.
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