Trading Calculate Profit and Loss

Trading Calculate Profit and Loss in a Journal

The best way to journal and keep track of your trades is to write down these trades in a journal - that can be a book or an Excel spread-sheet that you'll use to keep track of the trades as well as calculate profits and losses of your trade positions.

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

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

The next thing that you will write in your journal is if the trade is a buy trade or a sell trade.

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

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

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

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

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

You will then use the listing of trades for a given time period & use this data to calculate the overall profits and 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 spread-sheet to calculate profits & gains for this particular period of time.

Trading Calculate Profit and Loss in Gold Trading? - What's the Best Way to Journal and Keep Track of Your Gold Trades - Trading Calculate Profit and Loss in a Journal - Trading Keep Track of Your Gold Trades? - Using Journal to Calculate Gain or Loss

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