A trade log is a receipt for your decision, not just your profit or loss.
Without notes, every loss becomes “bad luck” and every win feels like skill.
- Write the reason before buying.
- Write the exit plan before buying.
- Review mistakes weekly.
- Do not rely on memory.
- Do not move the goalpost after price moves.
- Do not increase size until your log shows discipline.
If your reason is “it is pumping,” that is not a plan.
Log labels: CA, Entry, Size, Thesis, Invalidation, Exit, Result, Lesson.
Create one blank trade-log row before your next swap.
// Why tracking matters
If you do not track decisions, you cannot improve.
Most noobs remember wins and rationalize losses.
A simple trade log forces honesty.
// Fields to record
Date and time.
Token name and contract address.
Entry price or market cap.
Size.
Reason for buying.
Exit plan.
Result.
Lesson learned.
// Exit plan
Decide before buying what would make you sell.
Profit target, invalidation, time stop, or risk limit.
If your plan changes only after price moves, you are reacting.
// Review loop
Every week, review what worked and what was stupid.
Cut repeated mistakes.
Keep position sizes small until the log proves you have edge.