Examples of How to Write a Excel CFD Spreadsheet Journal

Excel CFD Spread Sheet Journal will track all your trades in a Excel CFD Spread Sheet Journal. By following this simple & easy to follow excel cfd spreadsheet trading journal writing tip, you can easily improve your cfd results. Here is how you do it:

Step 1 - Write down WHY you are making a cfd trade BEFORE opening a cfd trade on your excel cfd spreadsheet journal.

Before opening a cfd trade, write in a excel cfd spreadsheet journal the reasons why you are making the cfd trade. Just write in the excel cfd spreadsheet journal a few key reasons why you are making this cfd trade. Be honest with this excel cfd spreadsheet journal. If you are honest, it will prevent you from making the biggest mistakes in your cfd. If you see that you are making the cfd trade because of anything other than a sound cfds trading strategy. DO NOT MAKE THE CFD TRADE TRANSACTION!

If you make a losing cfd trade, do not open another cfd trade immediately so as to make profits to neutralize the losses you've made, this is known as revenge cfd, do not revenge against the cfds market. Shut down the computer, walk away from your PC Desktop computer Desktop PC, and take a cold shower to cool down & chill. Remember that you'll never any lose money which you do not put in. A winning CFD Trading strategy is not only about how much you win, but also about how much you don't lose.

Step 2 - Write down how you will exit the cfd trade BEFORE making the cfd trade.

Do not get trapped with a great entry cfd strategy without an exit strategy. Your cfd strategy should have both great entry & exit strategies. One is useless without the other.

But you ask, Why bother? I know my cfd 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 cfd trading exit strategy written down, you've a frame of reference when you exit a cfd trade. You will refer to your excel cfd spread-sheet journal BEFORE exiting a cfd trade. If you're closing a trade for any reason other than your original cfd trading exit strategy, you must ask yourself why?

Your excel cfd spread sheet journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why cfd traders lose money in cfd.

Step Three - Write down why you exited the cfd trade.

This should be same reason which you wrote in step 2. If it isn't, it's up to you to interpret it. Most common reason why traders deviate from their cfd strategy is lack of discipline. Your excel cfd spreadsheet journal will be looking back at you with glaring evidence of exactly why you're not a winning CFD trader.

Step 4 - How Do I Analyze the cfd results

You must learn from your mistakes in cfd. This is best way for anyone to improve their profits. Everybody makes mistakes, but great cfd traders are able to learn from them and not repeat.

And the best way to learn from your mistakes is to write down and document them in a excel cfd spread-sheet journal. A few years down the road, you can still look back and realize that you are still making the same errors you were when you first began trading cfd.

This information can not be found in any book or seminar. Your excel cfd trading spreadsheet journal is personal & is uniquely you. Your personality will ascertain type of cfd trader you'll become, and will also determine the type of mistakes you will make.

Not only does your excel cfd spreadsheet journal highlight your weaknesses, it'll reveal the cfds trades that are most profitable. After a little while you will see the type of cfd trade setups that make you the most money, & a cfd pattern will emerge. Do not let this data on your excel cfd trading spreadsheet journal navigate to waste.

You should do every effort to understand why those cfds trades went well & try to replicate it as often as possible. Profitable cfd traders know their strengths and weaknesses. They play on their strengths & try to minimize their weakness.

Don't get lazy & forget to write in your excel cfd spreadsheet journal. Documenting your thought process is fastest and surest way to get better at cfds trading. Do this consistently, & you will study more about your habits than you can imagine.

Your cfd goal is to identify and break the bad habits as soon as possible. If you notice that you always hang onto a losing cfds trades too long, you should do everything in your power so that to prevent this from happening again.

Summary

Your excel cfd trading spreadsheet journal is cfd. It contains a wealth of data that will play a vital role in your success as a cfd trader. We strongly urge you to use it for atleast 1 month. If it has not helped improve your cfd profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It might be just the cfd tool needed to push your cfd to the next level to becoming a successful trader.