Trading Calculate Profit and Loss

Calculate Profit and Loss in a Journal

The best way to journal and keep track of your trades is to write down these trade transactions on a trading journal - that can be a book or an Excel spread-sheet that you will use to keep track of the trade transactions and also calculate profits & losses of your 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 will writedown on the trading journal is the financial instrument that you're opening a trade for.

The next thing that you will writedown on your journal is if the Gold trade is a buy trade or a sell trade.

The next thing you'll writedown on your journal is the time and date of when you opened the trade.

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

After this the next time you'll writedown on your journal is when you are updating your journal after you have closed your open trade. Once you as a trader close your open trade position you'll writedown if the Gold trade was profitable or not.

If the trade was profitable you'll write the profit amount in also write the grounds why the Gold trade was profitable.

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

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

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

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