Excel BTCUSD Spreadsheet Trade Journal Book
Excel Bitcoin Spreadsheet Journal will track all your trade transactions on a Excel BTCUSD Crypto Spreadsheet Journal. By following this simple and easy to follow excel bitcoin cryptocurrency spreadsheet trading journal writing tip, you can easily improve your bitcoin results. Here is how you do it:
Step 1 - Write down WHY you are making a bitcoin trade PRIOR TO opening a bitcoin trade on your excel bitcoin trade spread sheet journal.
Before opening a btcusd trade, write in a excel bitcoin spread-sheet trading journal the grounds why you're making the bitcoin trade. Just write-down in the excel bitcoin spreadsheet journal a few key explanations why you're making this bitcoin trade. Be honest with this excel bitcoin trade spread sheet journal. If you are honest, it'll stop you from making the biggest mistakes in your bitcoin trading. If you see that ==22==you'reyou--are making the bitcoin trade position because of anything other than a sound bitcoin strategy. DO NOT MAKE THE Bitcoin TRADE TRANSACTION!
If you make a losing bitcoin trade, don't open another bitcoin trade immediately so as to earn profits to neutralize the losses you have made, this is referred to as revenge bitcoin trading, do not revenge against the bitcoin crypto market. Switch off the Desktop computer, walk away, and take a very cold shower to cool down. And remember that you will never lose money that you don't put in. A winning strategy is not only about how much you win, but how much you do not lose.
Step two - Write down how you'll exit the btcusd trade BEFORE making the bitcoin trade.
Do not get trapped with a great entry bitcoin strategy without an exit trading strategy. Your bitcoin strategy should have both great entry and exit strategies. One is use-less without the other.
But you ask, Why bother? I know my bitcoin trade exit strategy. Why do I need to write this down?
Well, the explanation is this: human beings are mostly irrational, impulsive, and emotional creatures. If you have your ==22==btcusdbitcoin cryptocurrency exit strategy written, you have a point of reference when you as a trader get out of a bitcoin trade. You'll refer to your excel bitcoin spreadsheet journal BEFORE exiting a bitcoin trade. If you are closing a trade transaction for any reason/explanation other than your original and initial bitcoin exit strategy, you must ask yourself why?
Your excel bitcoin spread-sheet trading journal will save you more money than you can imagine. It will stop you from making impulsive moves, which is usually and generally why bitcoin traders lose equity in cryptocurrency.
Step 3 - Write down why you exited the bitcoin trade.
This should be the same explanation which you wrote down in step 2. If it isn't, it is upto you to analyze and interpret it. Most often reason why traders deviate from their bitcoin strategy is lack of discipline. Your excel bitcoin cryptocurrency spread sheet journal will be looking back at you & showing you glaring evidence of exactly why you're not a winning Bitcoin trader.
Step 4 - How to Interpret/Analyze and Analyze the Bitcoin results
You must learn from your mistakes in bitcoin trading. This is the best way for anyone to improve their profits. Everybody makes mistakes, but the great bitcoin traders are able to learn from them ==22==and not repeat.
And the best way to learn from your mistakes is to write down and doc them in a excel bitcoin trade spread sheet journal. A few years down the road, you can still look back and realize that you are still making the same errors and mistakes that you were when you first began and started trading bitcoin.
This info can't be found in any book or seminar. Your excel spread-sheet journal is personal ==22==& is uniquely you. Your personality will determine the type of bitcoin crypto trader you'll become, and also will determine the type of mistakes you'll make.
Not only does your excel bitcoin spread sheet journal high-light your weaknesses, it will reveal the trade transactions that are the most profitable. After a little while you'll see the type of btcusd trading set-ups that make you as a btc/usd trader most equity, and a bitcoin pattern will emerge. ==22==Do--notDon'tDo--not let this info on your excel btcusd spread-sheet trading journal go to waste.
You should do every effort to understand why those trade positions went well & try to replicate it as often as possible. Profitable bitcoin traders know their strengths & weaknesses. They play on their strengths & try to minimize their weakness.
Do not get lazy and forget to writedown on your excel bitcoin trade spread sheet trading journal. Documenting your thought process is the fastest ==22==and surest way to get better at btcusd cryptocurrency trading. Do this consistently, & you will study and learn more about your habits than you can imagine.
Your bitcoin goal is to identify and break your bad habits as soon as possible. If you realize that you always cling on to a losing trade positions too long, you should do everything within your power so that as you stop this from happening and occurring again.
Summary
Your excel bitcoin spread-sheet trading journal is bitcoin. It contains a wealth of data that will play a vital and crucial role in your success as a btcusd trader. We strongly urge you to use it for atleast one month. If it has't helped improve your btcusd crypto profits in 30 days, then feel free to stop. But make sure to try it before deciding not to. It may be just the bitcoin tool needed to push your bitcoin trade to the next level towards becoming a successful trader.
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