As the founder of Elite Trader, I'd like to welcome you to my Crypto Trading Journal. In no way should this journal be considered financial advice. This is for educational and entertainment purposes only. For many here, the crypto world can be a little overwhelming to wrap your head around, so my goal with this journal is to not only share what my trades are but also to educate you on the industry fundamentals and the rationale behind each decision I make. I'm currently in the process of opening up a new account with FTX, so if you are new to crypto trading, this will literally be a journey that we are taking on together from scratch. I have other accounts, but for the purpose of this journal, I thought it would be best to let you know that I'm starting fresh as if we were jumping into crypto trading for the very first time together. I chose FTX as a starting point, and if I want to switch to another broker/exchange for whatever reason, I will let you know in advance. Another reason why I'm setting things up this way is to alleviate any concerns from users that feel like they've missed the crypto train and it's too late to jump in. In my opinion, this market is just getting started and there are many opportunities that will manifest themselves over time. Unlike the vast majority of YouTubers and other social media influencers, I'm not going to take a position and then tell you guys what I did after the fact. I have no interest in front-running or doing anything that would be considered manipulative. Instead, I will tell you what I'm going to do in advance of me actually doing it. That advanced notice could be days, hours, or minutes but rest assured that I'm going to tell you what I'm going to do before I actually do it, even if that means that you get a better fill than me. And all that will be verifiable from the timestamps on my posts. I'm going to start with $25k and allocate that capital immediately across various cryptos that interest me. I will throw in more capital periodically as I see fit with no upside limit involved. Trading on margin will not be used. That doesn't mean I won't use leverage along the way. It just won't be the leverage provided by the exchange and I'll explain why in a later post. Another thing I should mention is that this is not going to be a high-frequency trading journal. I'm not going to post 100 trades per day or anything like that. Although I named this journal "Baron's Crypto Trading Journal", think of it more as a crypto accumulation journal, one in which we'll be buying a basket of cryptos and evaluating them over time. Some will be strong, and others will be weak, so we'll be ditching the ones that are performing poorly relative to the others in the group, especially if there are underlying fundamentals that have changed in an unfavorable way. And of course, we'll be hanging on to the ones that are generating substantial returns, and we'll be looking to add size in those along the way as well. The main reason why I started this site back in 1997 is that trading profitably is not easy, and I wanted a way to communicate with other traders so that we could collaborate together which would result in each of us being able to see the markets from angles that we could never see just from our own individual viewpoint. The other reason why I started this site is that quite frankly, trading is lonely. If you've ever put on a position and then just sat there staring at a screen by yourself waiting for something to happen, you know exactly where I'm coming from. So the two premises that "Trading is hard" and "Trading is lonely" are how this site got started and they still underpin why we exist to this day, almost 25 years later. One thing you should know about me is that I love people and I love life. In addition to posting trades and answering questions here about cryptos, I may throw in some wisdom that has helped me navigate the challenges of life, and I may reveal some details about myself and my personal life in an effort to encourage and inspire you in ways that have nothing to do with trading or money. So with all that said, I'm excited to get started and navigate the journey ahead together with you. I'm currently awaiting confirmation from FTX that my account has been set up and is ready for depositing funds. I will confirm when that happens so we can get this process going ASAP. Thanks for being a member of Elite Trader and I look forward to bringing some value to you in a variety of ways.