Enter Your Trades

You can enter trades in five different journals.

When you enter trades in any journal,

they will appear in their own dashboard once you enter the quantity (QTY). You can access the dashboard that includes all your positions under the top menu at Trading Journal > Manage your positions.

A position can have one or many trades and will stay open until you sell all your quantity. Here’s a simple example:

You want to buy Bitcoin on the spot market, so you decide to use the Crypto Spot Journal. You then enter in the journal:

Buy 0.5 BTC at $5 (You wish!)
Buy another 0.5 BTC at $10 (Now your position will be 1 BTC with an average paid price of $7.5)

Now it’s 2024, and you realize that BTC has increased by 1,800,000%. You decide to sell your full BTC at the current price of $90K. When you enter that trade to sell 1 BTC, it will close the position in the Crypto Dashboard with a nice realized PnL. Welcome to the Bitcoinnaire club!

If you want to learn more about the journals, I suggest you visit the link provided at the start of this post.

NOTE: The Ledgerdary Trading Journal uses the FIFO (First In, First Out) method to track and calculate the cost basis for trades.