Example of How to Write a Excel Commodity Trading Spread-sheet Journal
Excel Commodity Trading Spreadsheet Journal will track all your commodities trade transactions in a Excel Commodity Spreadsheet Journal. By following this simple and easy to follow excel commodity spread sheet journal writing tip, you can easily improve your commodity trading results. Here is how you do it:
Step 1 - Write down WHY you're making a commodity trade BEFORE opening a trade transaction on your excel commodity spreadsheet journal.
Before opening a commodity trade, write-down in a excel commodity trading spreadsheet journal the reasons why you're making the commodity trade. Just write-down in excel commodity trading spreadsheet journal a few key reasons why you are making this commodity trade transaction. Be honest with this excel commodity trading spreadsheet journal. If you are honest, a commodity trading journal will prevent you from making the biggest mistakes in your commodity trading. If you see that you are making the commodity trade because of anything other than a sound commodity trading strategy. DO NOT MAKE THE Commodity TRADE TRANSACTION!
If you make a losing commodity trade transaction, do not open another commodity trade transaction immediately so that to make profits to neutralize the losses you've made, this is known as revenge commodity trading, do not revenge against the commodities market. Switch off the Desktop computer PC, walk away, and take a very cold shower to cool down. And remember that you'll never lose money that you do not put in. A winning Commodity Trading strategy isn't only about how much you win, but also about how much you do not lose.
Step 2 - Write down how you will exit the commodity trade transaction BEFORE making the commodity trade transaction.
Do not get trapped with a great entry commodity strategy without an exit strategy. Your commodity strategy should have both great entry and exit commodity trading strategies. One is useless without the other.
But you ask, Why bother? I know my commodity exit strategy. Why do I have to write it down?
Well, the reason is this: humans are at best irrational, impulsive, and emotional creatures. If you have your commodity exit strategy written down, you've a frame of reference when you exit a commodity trade transaction. You will refer to your excel commodity trading spreadsheet trading journal BEFORE exiting a commodity trade. If you are closing a trade for any reason other than your original commodity exit strategy, you must ask yourself why?
Your excel commodity trading spread sheet trading journal will save you more money than you can imagine. It will prevent you from making the impulsive moves, which is usually why commodity traders lose money in commodities trading.
Step 3 - Write down why you exited the commodity trade transaction.
This should be the same reason that you wrote down in step 2. If it is not, it is up to you to interpret it. The most common reason why most traders deviate from their trading strategy is lack of discipline. Your excel commodity spreadsheet journal will be looking back at you with glaring evidence of exactly why you're not a winning Commodity trader.
Step 4 - How Do You Analyze the commodity trading results
You must learn from your mistakes in commodity trading. This is best way for any trader to improve their trading profits. Everybody makes mistakes, but great commodity traders are able to learn from them & not repeat.
And the best way to learn from your mistakes is to write down & document them in a excel commodity trading spreadsheet trading 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 commodities trading.
This data can not be found in any book or seminar. Your excel commodity spreadsheet journal is personal and is uniquely you. Your personality will determine the type of commodity trader you'll become, and will also determine the type of mistakes you will make.
Not only does your excel commodity spread sheet trading journal highlight your weaknesses, it will reveal the commodity trade transactions that are the most profitable. After a little while you'll see the type of commodity trade transaction setups that make you the most money, & a commodity pattern will emerge. Don't let this data on your excel commodity spreadsheet journal navigate to waste.
You should do every effort to understand why those commodity trade transactions went well and try to replicate it as often as possible. Profitable commodity traders know their strengths & weaknesses. They play on their strengths and try to minimize their weakness.
Do not get lazy & forget to write in your excel commodity trading spreadsheet journal. Documenting your thought process is fastest & surest way to get better at commodity trading. Do this consistently, and you will learn more about your habits than you can imagine.
Your commodity trading goal is to identify & break the bad habits as soon as possible. If you notice that you always hang on to a losing commodities trade transactions too long, you should do everything that's in your power to prevent this from happening again.
Summary
Your excel commodity spreadsheet journal is commodity. It contains a wealth of information that will play a vital role in your success as a commodity trader. We strongly urge you to use it for at-least one month. If it has not helped improve your commodity profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It may be just the commodity trading tool needed to push your commodity trading to the next level to becoming a successful trader.
