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.
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
| Step | Value |
|---|---|
| High (15) | +$1,300 · 60% wins |
| Medium (25) | +$400 · 48% wins |
| Low (12) | −$350 · 33% wins |
| Total (52) | +$1,350 |
| Recorded | Before entry |
Using it
| Result | Action |
|---|---|
| High ≫ low, consistently | Scale size by confidence |
| No difference | Ignore labels for sizing |
| Low beats high | Overconfidence; 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.
Plan the same calculation with ChartsPod's position planner.
Open the ChartsPod terminalA 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.
Open the ChartsPod terminalQuestions 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).
- Bybit: Liquidation process — mark price and margin modes.
- 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.