Excel Stock Spreadsheet Journal Book
Excel Stocks Spreadsheet Journal will track all your stock trading trade transactions in a Excel Stocks Spreadsheet Journal. By following this simple & easy to follow excel stocks spread sheet journal writing tip, you can easily improve your stocks results. Here is how you do it:
Step 1 - Write down WHY you are making a stocks trade BEFORE opening a trade transaction on your excel stocks spreadsheet journal.
Before opening a stocks trade, write down in a excel stocks spreadsheet journal the reasons why you are making the stocks trade. Just write down in the excel stocks spreadsheet journal a few key reasons why you are making this stocks trade transaction. Be honest with this excel stocks spreadsheet journal. If you are honest, a stocks journal will prevent you from making the biggest mistakes in your stocks. If you see that you are making the stocks trade because of anything other than a sound stock trading strategy. DO NOT MAKE THE Stocks TRADE TRANSACTION!
If you make a losing stocks trade transaction, do not open another stocks trade transaction immediately so as to make profits to neutralize the losses you have made, this is known as revenge stocks, do not revenge against the stock 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 that you do not put in. A winning Stocks 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'll exit the stocks trade transaction BEFORE making the stocks trade transaction.
Do not get trapped with a great entry stocks strategy without an exit strategy. Your stocks strategy should have both great entry and exit stocks strategies. One is useful without the other.
But you ask, Why bother? I know my stocks trading 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 stocks trading exit strategy written down, you've a frame of reference when you exit a stocks trade transaction. You'll refer to your excel stocks spreadsheet journal BEFORE exiting a stocks trade. If you're closing a trade for any reason other than your original stocks trading exit strategy, you must ask yourself why?
Your excel stocks trade spreadsheet trading journal will save you more money than you can imagine. It will prevent you from making the impulsive moves, which is usually why stocks traders lose money in stocks.
Step 3 - Write down why you exited the stocks 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 stocks strategy is lack of discipline. Your excel stocks spreadsheet journal will be looking back at you with glaring evidence of exactly why you're not a winning Stocks trader.
Step 4 - How Do You Analyze the stocks results
You must learn from your mistakes in stocks. This is best way for anyone to improve their profits. Everybody makes mistakes, but great stocks traders are able to learn from them and not repeat.
And the best way to learn from your mistakes is to write down & document them in a excel stocks 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 stocks.
This data can't be found in any book or seminar. Your excel stocks trading spreadsheet journal is personal and is uniquely you. Your personality will determine the type of stocks trader you will become, and will also determine the type of mistakes you will make.
Not only does your excel stocks spread sheet journal highlight your weaknesses, it will reveal the stocks trade transactions which are the most profitable. After a little while you will see the type of stocks trade transaction setups that make you the most money, and a stocks pattern will emerge. Do not let this information on your excel stocks trading spreadsheet journal navigate to waste.
You should do every effort to understand why those stocks trade transactions went well & try to replicate it as often as possible. Profitable stocks traders know their strengths & weaknesses. They play on their strengths & try to minimize their weakness.
Do not get lazy & forget to write in your excel stocks trade spreadsheet journal. Documenting your thought process is fastest and surest way to get better at stock trading. Do this consistently, & you'll study more about your habits than you can imagine.
Your stocks goal is to identify and break the bad habits as soon as possible. If you notice that you always hang on to a losing stock trading trade transactions too long, you should do everything in your power so that to prevent this from happening again.
Summary
Your excel stocks trading spreadsheet journal is stocks. It contains a wealth of data that will play a vital role in your success as a stocks trader. We strongly urge you to use it for atleast one month. If it hasn't helped improve your stocks profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It might be just the stocks tool needed to push your stocks to the next level to becoming a successful trader.
