Excel Crude Oil Trading Spreadsheet Journal Book

Excel Oil Spreadsheet Journal will track all your crude oil trading trade transactions in a Excel Oil Trading Spreadsheet Journal. By following this simple & easy to follow excel oil trading spreadsheet trading journal writing tip, you can easily improve your oil trading results. Here is how you do it:

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

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

If you make a losing oil trade transaction, do not open another oil trade transaction immediately in order to make profits to neutralize the losses you've made, this is known as revenge oil trading, do not revenge against the crude oil market. Shut down the computer, walk away from your PC Desktop computer Desktop PC, & take a cold shower to cool down & chill. Remember that you will never any lose money which you do not put in. A winning Oil 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 oil trade transaction BEFORE making the oil trade transaction.

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

But you ask, Why bother? I know my oil 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 oil exit strategy written down, you have a frame of reference when you exit a oil trade transaction. You'll refer to your excel oil spreadsheet journal BEFORE exiting a oil trade. If you're closing a trade for any reason other than your original oil exit strategy, you must ask yourself why?

Your excel oil 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 oil traders lose money in crude oil trading.

Step 3 - Write down why you exited the oil 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 oil strategy is lack of discipline. Your excel oil spreadsheet journal will be looking back at you with glaring evidence of exactly why you're not a winning Oil trader.

Step 4 - How to Analyze the oil trading results

You must learn from your mistakes in oil trading. This is the best way for anyone to improve their profits. Everybody makes mistakes, but great oil 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 oil trading 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 crude oil trading.

This data can't be found in any book or seminar. Your excel oil spreadsheet journal is personal and is uniquely you. Your personality will determine the type of oil trader you will become, and will also determine the type of mistakes you'll make.

Not only does your excel oil trading spread sheet journal highlight your weaknesses, it'll reveal the oil trade transactions which are the most profitable. After a little while you will see the type of oil trade transaction setups that make you the most money, and a oil trading pattern will emerge. Do not let this information on your excel oil spreadsheet journal navigate to waste.

You should do every effort to understand why those oil trade transactions went well & try to replicate it as often as possible. Profitable oil 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 oil trading spreadsheet journal. Documenting your thought process is the fastest & surest way to get better at oil trading. Do this consistently, & you will study more about your habits than you can imagine.

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

Summary

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