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