What is the Best Way to Journal and Keep Track of Your Commodity Trades?

Commodity Trading Keep Track of Your Commodity Trades

The best way to journal and keep track of your trades is to write these trades in a journal - which can be a book or an Excel spreadsheet that you will use to keep track of the trades as well as calculate profits and losses of your trades.

When writing you commodities trades in a commodity trading journal you should decide what are the various points about the commodity trade that you will be writing in your commodities trading journal.

For examples the first thing that you'll write in the commodity trading journal is the commodity trading instrument that you are opening a commodity trade for.

The next thing that you will write in your commodity trading journal is if the commodity trade is a buy commodity trade or a sell commodity trade.

The next thing you will write in your commodity trading journal is the time and date of when you opened the commodity trade.

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

After this the next time you will write in your commodity trading journal is when you are updating your commodity trading journal after you have closed your open commodity trade. Once you close your open commodity trade you'll write if the trade was profitable or not.

If the commodity trade was profitable you will write the profit amount in also write the reasons why the commodity trade was profitable.

If the commodity trade made a loss you'll write the loss amount in also write the reasons why the commodity trade made a loss.

You will then use the list of trades for a given time period & use this data to calculate the overall profits and losses for that particular period,

To calculate the gains and 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 spreadsheet to calculate profits and gains for this particular period of time.

Commodity Trading Calculate Profit and Loss in Commodity Trading? - What is the Best Way to Journal and Keep Track of Your Commodity Trades? - Commodity Calculate Profit and Loss in Commodity Trading Journal - Commodity Trading Keep Track of Your Commodity Trades - Using Commodities Trading Journal to Calculate Gain or Loss