How to Review Your Crypto Trades
Most crypto traders never review their trades. They move on to the next trade, the next opportunity, the next chance to win it back.
This is why they repeat the same mistakes. Without review, there's no learning. Without learning, there's no improvement.
Why Review Matters
Your trades are data. Each trade tells you something about your decision-making. If you ignore that data, you're flying blind.
Review answers three questions:
- Did I follow my plan? Did I stick to my entry and exit rules, or did I improvise?
- What did I learn? What worked? What didn't? What would I do differently?
- What's the pattern? Do I always panic sell? Do I always hold too long? Do I chase pumps?
The Review Framework
Step 1: Document the Trade
Write down:
- Entry price and reason
- Exit price and reason
- Position size
- Profit or loss
- How long you held it
Step 2: Evaluate the Decision
Ask yourself:
- Was the entry based on a clear signal or just FOMO?
- Did I have a pre-planned exit, or did I just hope?
- Was my position size appropriate for the risk?
- Did I panic or did I follow my plan?
Step 3: Identify the Pattern
Look for recurring behaviors:
- Do you always buy at the top?
- Do you always sell too early?
- Do you overtrade when you're down?
- Do you ignore your stop losses?
Step 4: Plan the Improvement
For each pattern, write one specific change:
- Instead of buying on FOMO, I'll wait for X signal
- Instead of holding forever, I'll set a profit target at X%
- Instead of overtrading, I'll limit myself to 3 trades per day
The Honest Truth About Review
Review is uncomfortable. You have to admit your mistakes. You have to see that you panic sold, or that you held too long, or that you ignored your own rules.
But that discomfort is where growth happens. The traders who get better are the ones who can look at their losses and say, "What can I learn from this?"
The traders who stay stuck are the ones who blame the market, blame luck, blame everyone but themselves.
How Often Should You Review?
At minimum, review every trade. But also:
- Weekly: Review all trades from the week. Look for patterns.
- Monthly: Review your biggest wins and losses. What made them different?
- Quarterly: Review your overall performance. Are you improving?
The more you review, the faster you improve.
Start Reviewing Your Trades
Use SandDock to analyze and review your crypto trades systematically.