Trading Oil Calculate Profit and Loss in Oil Trading

Trading Crude Oil Keep Track of Your Oil 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 crude oil trades in a oil trading journal you should decide what are the various points about the oil trade that you will be writing in your crude oil trading journal.

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

The next thing that you'll write in your oil trading journal is if the oil trade is a buy oil trade or a sell oil trade.

The next thing you'll write in your oil trading journal is the time and date of when you opened the oil trade.

The next thing that you will 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 oil trade.

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

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

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

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

To calculate the gains & loss for a particular period you can use an Excel spread sheet for a specified number of trades within a specified time period and use the Excel spreadsheet to calculate profits & gains for this particular period of time.

Trading Oil Calculate Profit and Loss in Oil Trading? - What's the Best Way to Journal and Keep Track of Your Oil Trades - Trading Oil Calculate Profit and Loss in a Oil Journal - Trading Crude Oil Keep Track of Your Oil Trades - Using Oil Journal to Calculate Gain or Loss