CryptoLog
A Crypto Trading Journal for the beginner trader.
The gap in the Market.
One critical aspect of evolving as a trader, especially as a beginner, is journaling.
Having spent a few years trading crypto perpetual futures and being actively involved in multiple trading Discord communities frequented by beginner traders, it has become increasingly apparent to me the challenge of finding a suitable journaling solution.
For the beginner trader, trading journals are often prohibitively expensive, excessively complex, poorly designed, and predominantly tailored for traditional markets, with minimal focus on the nuances of cryptocurrency trading.
Additionally, none of them, aim to educate the user on trading discipline and rules, thus providing little assistance on such challenging journey.
This personal project is a quick attempt to materialize a concept that is been on my mind for a while.
Journaling the right way.
For beginner traders, the crypto market can be daunting.
Amidst technical analysis, fundamental factors, technical jargon, Crypto Twitter, and the myriad of moving parts, novice traders often struggle psychologically, lacking the resilience and discipline needed to become profitable traders.
Cryptolog is crafted to address these challenges, beginning by simplifying journaling. It provides only the most crucial metrics for the initial stage and making trade entries straightforward, easy and efficient.
AI on the rise.
Cryptolog is built with a focus on education. It harnesses the power of AI to provide personalized insights and guidance tailored specifically for beginner traders. The concept is simple: "if you use your journal every day, there will be a lesson to learn each day."
Cryptolog consolidates all the accumulated trading knowledge available to help users avoid both common and less common mistakes. Additionally, it assists users in identifying the trading style that best suits their personality.
Running on the background
Pattern Recognition
CryptoLog analyzes your trading data to identify patterns and trends, helping you uncover insights that might otherwise go unnoticed.
CryptoLog will recognize these patterns and provide recommendations accordingly.
Behavioral Analysis
By monitoring your trading behavior over time, CryptoLog can detect deviations from your usual patterns.
CryptoLog will flag this behavior and offer suggestions to help you stay disciplined and avoid impulsive decisions.
Risk Management
CryptoLog helps you manage your exposure to market volatility. It can identify instances where you might be overleveraged or trading assets with high levels of risk, providing real-time alerts and recommendations to mitigate potential losses.
Performance Banchmarking
CryptoLog compares your trading performance against industry benchmarks and the strategies of successful traders. This allows you to assess your strengths and weaknesses relative to your peers and identify areas for improvement.
Sentiment Analysis
CryptoLog scans news articles, social media posts, and other sources to gauge market sentiment and potential catalysts. This information is then integrated into your trading journal, providing context for your trades and helping you make more informed decisions.
Intuitive trade entries.
Cryptolog makes trade entries straightforward, easy and efficient.
Multiple P&L views.
For better organization and a more clear understanding of trading patterns.
AI-driven insights.
Designed to provide actionable guidance and help beginner traders.
The crypto perpetual futures market has
experienced exponential growth in recent years.
According to industry reports, the daily trading volume of perpetual futures contracts on major cryptocurrency exchanges often exceeds billions of dollars, and it is expected to increase further in the coming years.
