Excel Commodities Spreadsheet Journal Book
Excel Commodities Spread Sheet Journal will track all your trades in a Excel Commodities Spread Sheet Journal. By following this simple and easy to follow excel commodity trading spread sheet journal writing tip, you can easily improve your commodity trading results. Here is how you do it:
Step 1 - Write down WHY you are making a commodity trade BEFORE opening a trade transaction on your excel commodity trading spreadsheet journal.
Before opening a commodity trade, write-down in a excel commodity spreadsheet journal the reasons why you are making the commodity trade. Just write-down in the excel commodity spreadsheet journal a few key reasons why you're making this commodity trade transaction. Be honest with this excel commodity trading spreadsheet journal. If you are honest, it'll prevent you from making biggest mistakes in your trading commodity. If you see that you are making the commodity trade because of anything other than a sound commodities trading strategy. DO NOT MAKE THE Commodities TRADE TRANSACTION!
If you make a losing commodity trade transaction, do not open another commodity trade transaction immediately in order to make profits to neutralize the losses you've made, this is known as revenge commodity, do not revenge against the commodities trading market. Turn off the computer, take a walk, take a cold shower. Remember that you will never lose money which you don't put in. A winning Commodity Trading strategy is not only about how much you win, but how much you don't lose.
Step 2 - Write down how you will exit the commodity trade transaction BEFORE making the commodity trade transaction.
Do not get trapped with a great entry commodity trading strategy without an exit trading strategy. Your commodity trading strategy should have both great entry & exit commodity strategies. One is useless without the other.
But you ask, Why bother? I know my commodity trading exit strategy. Why do I have to write it down?
Well, the reason is this: humans are at best irrational, impulsive, & emotional creatures. If you have your commodity trading exit strategy written down, you've a frame of reference when you exit a commodity trade transaction. You'll refer to your excel commodity spread-sheet trading journal BEFORE exiting a commodity trade. If you're closing a trade for any reason other than your original commodity trading exit strategy, you must ask yourself why?
Your excel commodity spreadsheet journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why commodity traders lose money in trading commodity.
Step Three - Write down why you exited the commodity trade transaction.
This should be the same reason which you wrote down in step 2. If it isn't, it's up to you to analyze it. Most common reason why traders deviate from their commodity strategy is lack of discipline. Your excel commodity spreadsheet journal will be looking back at you with glaring evidence of exactly why you're not a winning Commodities trader.
Step 4 - How to Analyze the commodity trading results
You must learn from your mistakes in trading commodity. This is the best way for anyone to improve their profits. Everybody makes mistakes, but great commodity traders are able to learn from them and not repeat.
And the best way to learn from your mistakes is to write down & document them in a excel commodity trading spreadsheet trading journal. A few years down the road, you can still look back & realize that you are still making the same errors you were when you first began trading commodity.
This data can't be found in any book or seminar. Your excel commodity trading spreadsheet journal is personal & is uniquely you. Your personality will determine type of trader you'll become, and will also determine the type of mistakes you'll make.
Not only does your excel commodity trading spread sheet trading journal highlight your weaknesses, it will reveal the commodity trade transactions which are most profitable. After a little while you will see the type of commodity trade transaction setups that make you the most money, and a commodity trading pattern will emerge. Do not let this information on your excel commodity trading spreadsheet journal navigate to waste.
You should do every effort to understand why those commodity trade transactions went well & try to replicate it as often as possible. Profitable commodity traders know their strengths & weaknesses. They play on their strengths & try to minimize their weakness.
Don't get lazy & forget to write in your excel commodity trading spreadsheet journal. Documenting your thought process is the fastest & surest way to get better at commodities trading. Do this consistently, and you will learn more about your habits than you can imagine.
Your commodity trading goal is to spot and break the bad habits as soon as possible. If you notice that you always hang on to a losing commodity trade transactions too long, you should do everything in your power in order to prevent this from happening again.
Summary
Your excel commodity trading spreadsheet journal is commodity. It contains a wealth of data that will play a vital role in your success as a commodity trader. We strongly urge you to use it for at-least 1 month. If it hasn't helped improve your commodity trading profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It might be just the commodity trading tool needed to push your commodity trading to the next level to becoming a successful trader.
