This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:10:52
The video emphasizes the advantages of using Coin Market Manager (CMM) as a daily journaling and analytics tool for traders. Runner xvt introduces CMM, which assists in tracking trading performance, especially for those trading derivatives on platforms like Binance and Bybit, through features like automated journaling via read-only APIs, multiple sub-accounts, trade journals, notes, and trade tagging. The speaker discusses the significance of maintaining honest trade journals to analyze risk-reward ratios, win rates, and trading patterns, noting that this has helped him identify and rectify detrimental trading habits. The dashboard's performance analytics, such as P&L curves, drawdowns, and trade distributions, along with reporting tools for monthly and quarterly analyses, are highlighted as essential for overall growth. CMM’s ability to analyze trades by day and time is particularly noted for identifying trading habits. The speaker also encourages public use of CMM for transparency and continuous improvement, supported by a thriving community on Twitter.
00:00:00
In this part of the video, Runner xvt introduces the topic of journaling, specifically highlighting the benefits of the Coin Market Manager (CMM) as a daily journaling tool for traders. He mentions partnering with CMM, offering viewers a 14-day free trial without requiring payment info. CMM is described as an automatic journaling and analytics tool, particularly useful for traders using derivatives on centralized exchanges like Binance and Bybit. The video details how users can set up an account, connect it via read-only APIs for security, and begin tracking their trading performance. Features such as creating multiple sub-accounts, maintaining trade journals, adding notes, and tagging trades for detailed analysis are highlighted.
00:03:00
In this part of the video, the speaker discusses the utilization of trade journals to focus on trades with higher risk-reward ratios and win rates. A recently added feature is the verification pages, which make trading activities public without disclosing balances, allowing followers to verify trades. The speaker’s favorite tool, the dashboard, provides a summary of balances and performance analytics. Key features include viewing P&L curves, drawdowns, trade distribution, and specifying trades by symbols and time frames. Reporting tools allow generating monthly or quarterly reports, useful for tracking performance and tax purposes. The speaker finds these tools significantly beneficial for growth as a trader.
00:06:00
In this segment of the video, the speaker discusses the importance of learning from the trading community and integrating small useful insights into one’s trading strategies. He emphasizes the value of maintaining an honest and automated trading journal to analyze patterns in one’s own trading performance. By reviewing six months of his trading data, he noticed that stubborn habits like adding to losing positions or prematurely shorting parabolic altcoins led to significant losses. Recognizing these patterns helped him eliminate such mistakes and improve his profit and loss curve. The speaker highlights the utility of analytics in tracking trade performance, including win rates, trade duration, and identifying poorly performing trades. He shares that avoiding certain unfavorable trades, especially longer-duration shorts, has been beneficial for him.
00:09:00
In this part of the video, the speaker emphasizes the usefulness of CMM (a trading tool) for analyzing trading results by day and time, which is particularly beneficial for identifying trading patterns and habits. The speaker strongly advocates for using CMM publicly, noting the importance of being honest with oneself and utilizing personal trading data to improve habits. They encourage viewers to journal their trades to avoid missing out on potential improvements. Additionally, a 14-day free trial of CMM is mentioned, with easy setup through API Keys and a tutorial. The speaker highlights the active Twitter presence and discourse community of CMM for support and questions.