Example of How to Write a Excel Commodity Trading Spreadsheet Journal

Excel Commodity Trading Spread Sheet Journal will track all your trades in a Excel Commodity Spread Sheet Journal. By following this simple and easy to follow excel commodity spreadsheet trading 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 commodity trade on your excel commodity trading spreadsheet journal.

Before opening a commodity trade, write in a excel commodity trading spreadsheet journal the reasons why you're making the commodity trade. Just write in the excel commodity spreadsheet journal a few key reasons why you are making this commodity trade. Be honest with this excel commodity trading spreadsheet journal. If you are honest, it 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, do not open another commodity trade immediately so that to make profits to neutralize the losses you have 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 is not 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 BEFORE making the commodity trade.

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

But you ask, Why bother? I know my commodity trading exit strategy. Why do I have to write this down?

Well, the reason is this: humans are at best irrational, impulsive, & emotional creatures. If you have your commodity exit strategy written down, you have a frame of reference when you exit a commodity trade. You will refer to your excel commodity trading spread-sheet 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 spread sheet journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why commodity traders lose money in commodities trading.

Step 3 - Write down why you exited the commodity trade.

This should be same reason that you wrote in step 2. If it is not, it is upto you to interpret it. Most common reason why 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 anyone 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 and document them in a excel commodity trading spreadsheet trading journal. A few years down the road, you can still look back & realize that you're still making the same errors you were when you first began trading commodity.

This data can't be found in any book or seminar. Your excel commodity spreadsheet journal is personal & is uniquely you. Your personality will ascertain 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'll reveal the commodities trades that are most profitable. After a little while you'll see the type of commodity trade setups that make you the most money, and a commodity pattern will emerge. Do not let this information on your excel commodity spreadsheet journal navigate to waste.

You should do every effort to understand why those commodities trades went well & 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, & you'll learn more about your habits than you can imagine.

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

Summary

Your excel commodity spreadsheet journal is commodity. It contains a wealth of data that will play a vital role in your success as a commodity trader. We strongly urge you to use it for at-least 1 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.