Trading Commodities Calculate Profit and Loss in Commodities

Trading Commodities Calculate Profit and Loss in a Commodities Journal

The best way to journal and keep track of your trades is to write these trades in a journal - which can be a book or an Excel spreadsheet that you will use to keep track of the trades as well as calculate profits and losses of your trades.

When writing you commodities trades in a commodity journal you should decide what are the various points about the commodity trade that you will be writing in your commodity journal.

For examples the first thing that you'll write in the commodity journal is the commodity instrument that you are opening a commodity trade for.

Next thing that you will write in your commodity journal is if the commodity trade is a buy commodity trade or a sell commodities trade.

The next thing you will write in your commodity journal is the time and date of when you opened the commodities trade.

Next thing that you will write in detail is why you've opened this particular trade & write which rules of your commodity system were met so that you could decide it was time to open the commodities trade.

After this the next time you will write in your commodity journal is when you are updating your commodity journal after you have closed your open commodity trade. Once you close your open commodity trade you'll write if the trade was profitable or not.

If the commodity trade was profitable you will write the profit amount in also write the reasons why the commodity trade was profitable.

If the commodity trade made a loss you'll write the loss amount in also write the reasons why the commodity trade made a loss.

You will then use the list of trades for a given time period and use this data to calculate the overall profits & losses for that particular period,

To calculate the gains & loss for a particular period you can use an Excel spread sheet for a specified number of trades within a specified time period & use the Excel spreadsheet to calculate profits & gains for this particular period of time.

Trading Commodities Calculate Profit and Loss in Commodity Trading? - What is the Best Way to Journal and Keep Track of Your Commodities Trades? - Trading Commodities Calculate Profit and Loss in a Commodity Journal - Trading Commodity Keep Track of Your Commodities Trades? - Using Commodity Journal to Calculate Gain or Loss