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Trading-Journal Confidence Labels: A Worked Crypto Example With Fees Included

Labelling each trade's confidence before entry lets the journal test whether your confidence carries information.

By ChartsPod Editorial Team · Reviewed by ChartsPod Research
Published · Updated · 5 min read

Short answer

A confidence label (high, medium, low) recorded before entry can be compared with results. Example: 52 trades — high (15) netted +$1,300 at a 60% win rate, medium (25) +$400, low (12) −$350 after fees. If high-confidence trades consistently outperform, size can scale with confidence; if not, the labels add nothing. Labels must be recorded before the outcome is known, or the test is meaningless.

Worked example

StepValue
High (15)+$1,300 · 60% wins
Medium (25)+$400 · 48% wins
Low (12)−$350 · 33% wins
Total (52)+$1,350
RecordedBefore entry
Net by confidence ($)Net by confidence ($): High +1,300 $; Medium +400 $; Low -350 $.NET BY CONFIDENCE ($)High$+1,300Medium$+400Low$-350
Labels carried information here. Original ChartsPod editorial graphic.

Using it

ResultAction
High ≫ low, consistentlyScale size by confidence
No differenceIgnore labels for sizing
Low beats highOverconfidence; review

Check consistency over several months before changing sizing.

Conclusion

Related: Trading-Journal Rule Violations: A Worked Crypto Example With Fees Included, Trading-Journal Sample Segmentation: A Worked Crypto Example With Fees Included.

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A confidence label (high, medium, low) recorded before entry can be compared with results.

See Trading-Journal Confidence Labels on live data in the free ChartsPod terminal.

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Questions readers ask

Why record confidence?

To test whether it predicts results.

When should I record it?

Before entry.

Can I size by confidence?

Only if it proves predictive.

Sources and methodology

Arithmetic uses standard sizing formulas. Fee rates (0.05% taker, 0.02% maker), slippage and funding values are illustrative; check your venue's schedule. Liquidation figures are simplified approximations; exchanges calculate them with their own maintenance-margin rules (see Bybit's documentation).

  1. Bybit: Liquidation process — mark price and margin modes.
  2. ChartsPod: product overview, pricing and FAQ — free terminal, venues, modules, no order placement; checked 17 Oct 2026.

This article explains research tools and workflows. It is not financial advice, does not recommend buying or selling any asset and does not predict prices. Crypto derivatives carry a risk of rapid and total loss of margin.

CHARTSPOD EDITORIAL EDITION · RESEARCH AND EDUCATION ONLY · NOT FINANCIAL ADVICE.