Recently organizing my transaction records, I realized that leaving no trace really can drive you crazy by the end of the year… I used to think “it's all on the chain anyway,” but then I moved across several wallets and kept swapping on different platforms, and when it came time to reconcile, it was a mess. My more old-fashioned approach now is: for every large transfer or position change, I take a screenshot + note “why I swapped,” also include the address, and save it in the same cloud folder; for on-chain parts, I assign fixed labels to frequently used addresses so I don’t forget later and see a string of hashes like amnesia.

Another pitfall is to not just focus on profit and loss; tax authorities often care more about “what transactions actually happened.” Especially recently, with everyone talking about rate cut expectations, the dollar index, and risk assets acting up together, the more trades you make, the more important it is to keep records. If you don’t keep up, it’s too painful to fill in later. Honestly, I’m not sure how I’ll handle future reporting, but at least I leave all the evidence, so I feel more at ease.